Mountain View Plaza | 9812-9832 N 7th St
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Mountain View Plaza 9812-9832 N 7th St
26,178 SF 92% Leased Retail Building Phoenix, AZ 85020 $9,898,022 CAD ($378 CAD/SF) 6.70% Cap Rate
Investment Highlights
- Sunnyslope Phoenix Mountain Preserve
- Abundant Parking
- Edgy and Hip
- High Performing Local Restaurant Driven
- 7th Street Corridor
Executive Summary
Kocour Company is pleased to offer this hip and edgy shopping center to the entrepreneurial and in the know Buyer that understands Mountain View Plaza has reached the north-central Phoenix enclave wave. Mountain View Plaza is located at the base of the Phoenix Mountain Preserve along the bustling 7th Street corridor just south of the Moon Valley neighborhood and at the mouth of Sunnyslope submarket.
“The Slope”, as locals call it today, historically has had a bad rap with being plagued with disuse and blight. It was never a secret that million-dollar homes were located at the permitters of Sunnyslope, but the lack of investment had always stunted growth. As infill development and adaptive reuse had become the buzz over the last several years, inevitably Sunnyslope became engulfed in discussions. Soon thereafter, rapidly things began to change. As with many other branded historical neighborhoods such as Willow, Melrose, Coronado, the local restaurateurs took note and began planting seeds. O.H.S.O & Little O’s, The Vig, Little Miss BBQ, Timo wine bar and Sushi Friend to name have now committed and opened fueling the new narrative that Sunnyslope is prime for big attractions.
Mountain View Plaza is in that line of the transformation and has begun to reap the onslaught of new happenings. Since 2007, Scramble Breakfast & Lunch Joint has stood as the beacon within the shopping center. Now scheduled to open in the fall of 2024 is the fish market and restaurant known as Driftwoods Seafood. Other recent signings in the last 12 to 18 months include Little Shop of Hydro/Dynapure, Twisted Totem, The Cut and The Collective Salon. In addition, VCA Animal Clinic just recently extended their lease until 2030. A continued stable tenant mix, limited vacancy and the ability to achieve higher rents create great upside for the next Buyer to catch lighting.
“The Slope”, as locals call it today, historically has had a bad rap with being plagued with disuse and blight. It was never a secret that million-dollar homes were located at the permitters of Sunnyslope, but the lack of investment had always stunted growth. As infill development and adaptive reuse had become the buzz over the last several years, inevitably Sunnyslope became engulfed in discussions. Soon thereafter, rapidly things began to change. As with many other branded historical neighborhoods such as Willow, Melrose, Coronado, the local restaurateurs took note and began planting seeds. O.H.S.O & Little O’s, The Vig, Little Miss BBQ, Timo wine bar and Sushi Friend to name have now committed and opened fueling the new narrative that Sunnyslope is prime for big attractions.
Mountain View Plaza is in that line of the transformation and has begun to reap the onslaught of new happenings. Since 2007, Scramble Breakfast & Lunch Joint has stood as the beacon within the shopping center. Now scheduled to open in the fall of 2024 is the fish market and restaurant known as Driftwoods Seafood. Other recent signings in the last 12 to 18 months include Little Shop of Hydro/Dynapure, Twisted Totem, The Cut and The Collective Salon. In addition, VCA Animal Clinic just recently extended their lease until 2030. A continued stable tenant mix, limited vacancy and the ability to achieve higher rents create great upside for the next Buyer to catch lighting.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
26,178 SF
Building Class
B
Year Built
1988
Price
$9,898,022 CAD
Price Per SF
$378 CAD
Cap Rate
6.70%
NOI
$663,167 CAD
Percent Leased
92%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Land Acres
2.70 AC
Zoning
C-2, Phoenix
Parking
153 Spaces (5.84 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Tenant Controlled HVAC
- Monument Signage
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Former fitness space. Exposed ceilings and clean.
Former medical office. Available January 1, 2025.
Space | Size | Space Use | Position | Available |
2,3 | 2,160 SF | Retail | - | Now |
4-6 | 3,080 SF | Retail | In-Line | Jan 2025 |
2,3
Size |
2,160 SF |
Space Use |
Retail |
Position |
- |
Available |
Now |
4-6
Size |
3,080 SF |
Space Use |
Retail |
Position |
In-Line |
Available |
Jan 2025 |
2,3
Size | 2,160 SF |
Space Use | Retail |
Position | - |
Available | Now |
Former fitness space. Exposed ceilings and clean.
4-6
Size | 3,080 SF |
Space Use | Retail |
Position | In-Line |
Available | Jan 2025 |
Former medical office. Available January 1, 2025.
Walk Score ®
Very Walkable (72)
PROPERTY TAXES
Parcel Number | 159-42-001H | Improvements Assessment | $0 CAD |
Land Assessment | $0 CAD | Total Assessment | $530,723 CAD |
PROPERTY TAXES
Parcel Number
159-42-001H
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$530,723 CAD
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Mountain View Plaza | 9812-9832 N 7th St
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