Listed by Echo West Capital Advisors
$4,995,000
O.H.S.O. + Little O's
Details
APN 16051108A
Property Type Retail, Special Purpose
Sub Type Restaurant, Bar
Square Footage 5,551
Net Rentable (SqFt) 5,551
Units 1
Cap Rate 5.67%
NOI $283,462
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 15.1
Lease Expiration 10/31/2038
Remaining Term 12.5
Rent Bumps Yes
Lease Options Three, 5-Year Options
Price per SqFt $900
Year Built 1979
Year Renovated 2024
Buildings 1
Stories 1
Acreage 0.960
Lease Commencement 10/01/2023
Ground Lease No
O.H.S.O + Little O’s - Phoenix, AZ | Iconic North Central Phoenix Location | #1 Brewery in AZ
Marketing description
Retail, Special Purpose • 5,465 SF • 08/23/2021
Investment highlights
- TRULY PASSIVE INVESTMENT | NNN LEASE STRUCTURE - The offering features a NNN lease structure with Tenant paying for all taxes, insurance, and CAM providing a prospective buyer making this a passive investment for any prospective buyer.
- LONG-TERM LEASE | BUILT-IN ANNUAL RENTAL GROWTH - Just under 13 years remain on an original 15 year lease with rare annual increases through the balance of the initial term and all option periods.
- IRREPLACEABLE BUILDING LOCATION | NORTH CENTRAL PHOENIX - The subject property sits right on Central Phoenix’s iconic bridle path and Canal system providing the surrounding population base with an easy, convenient pathway and option to ride your bike, walk, or scooter to one of Central Phoenix’s most popular restaurant concepts.
- LIMITED CASUAL DINING OPTIONS | INFILL PHOENIX LOCATION - Historically, North Central Phoenix consists of a short-list of quality, dog-friendly, walkable outdoor patio options. O.H.S.O. fills that void given its location, accessibility, and setting.
- RECOGNIZABLE LOCAL BRAND - OHSO Brewery is a well-established, locally rooted restaurant and craft brewery that has become a staple and household brand name within Maricopa County. Known for its strong brand identity, consistent traffic, and loyal customer base, OHSO benefits from deep neighborhood integration and repeat patronage driven by both residents and visitors. OHSO currently has 6 locations within the strongest submarkets of the Phoenix MSA.
- ONE OF A KIND ADAPTIVE RE-USE PROJECT | TENANT COMMITMENT - 100+ year old building beautifully restored to accommodate O.H.S.O. + Little O’s neighborhood prototype. The tenant took this building down to the studs prior to opening in 2024, marking a 7- figure capital investment into the infrastructure of the building. Read more about the re-opening of the historic building here.
- IDEAL CONSUMER DEMOGRAPHICS | NORTH CENTRAL PHOENIX NEIGHBORHOOD - North Central Phoenix is widely known as one of the more established, stable neighborhoods in the Southwestern United States. Stretching from Camelback Road to Dunlap Avenue, 7th Ave to 7th Street, the area is considered walkable, bikeable, transit-friendly, and provides a rare blend of historic gem, urban convenience, and charm.
- STRATEGIC LOCATION | CENTRAL AVENUE FRONTAGE - The subject property sits conveniently along Central Avenue, one of Phoenix’s most iconic stretches of real estate, and along the Canal System providing higher walkability, strong retail placement, and connects East Phoenix to West.
- DENSE, AFFLUENT DEMOGRAPHICS | 400,000+ POPULATION WITHIN 5 MILES - OHSO benefits from a central location within the nation’s 5th-largest MSA, supported by exceptional demographics—over 400,000 residents within a five-mile radius, with a significant concentration of households earning $100,000+ annually.
Listing Contacts
Listed by Echo West Capital Advisors
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$283,462.00
$23,621.83/mo
Valuation Metrics
0
DSCR
5.67%
Cap Rate
5.67%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage Phone
Name
License
Brokerage Phone
Name
License
Brokerage
Title
Is there information that looks off?
