Description

5103 North 19th Avenue is a fully occupied retail property for sale at 5103 North 19th Avenue in Phoenix, AZ 85015. Its 2,545 SF of gross leasable area and 100% occupancy give investors a defined income-producing asset to underwrite.

The property’s compact footprint puts the focus on its existing tenancy rather than a lease-up plan. A traffic count of 29,431 AADT is a useful measure for buyers examining the retail setting and the property’s exposure to passing vehicles; it does not, by itself, establish access or signage rights. The NNN lease structure is another part of the operating picture, placing lease terms alongside occupancy and income in the investment analysis. Together, these facts frame a retail acquisition with an established tenant presence and a clearly identified scale.

Offered at $2,009,314, the property carries NOI of $140,662 and a 7% cap rate. Those figures give buyers a direct starting point for comparing the asking price with current property income. The 100% occupancy centers the opportunity on the performance of the existing tenancy, while the 2,545 SF gross leasable area keeps the acquisition focused on a single retail property. For an investor seeking occupied retail in Phoenix, the transaction presents a specific combination of income, pricing, lease structure and traffic exposure.