Sheridan Square
Multi Tenant Retail Investment in Core Central Corridor
Marketing description
Sheridan Square is a rare opportunity to acquire a well-located neighborhood retail center in Phoenix's highly desirable 7th Street Corridor, within the historic Coronado District.
The property consists of 10,546 square feet of retail space situated on an approximately 40,000 square foot parcel and is offered at $3,500,000 ($331 per square foot). The center is currently 80% occupied and offers investors an attractive 6.5% cap rate with additional upside through lease-up and rent growth.
Current tenants include Main Ingredient, Urban Cookies, Teta Mayo, and Velo, providing a diverse mix of established local businesses that serve the surrounding community.
Sheridan Square benefits from exceptional visibility along 7th Street with traffic counts exceeding 45,000 vehicles per day. The property is strategically positioned just north of Downtown Phoenix in one of the city's strongest urban infill corridors, surrounded by established neighborhoods, significant residential density, and continued multifamily development that is driving population growth and consumer demand.
Investment highlights
Highlights:
• 10,546 SF retail center on approximately 40,000 SF lot
• Offered at $3,500,000 ($331/SF)
• 6.5% cap rate
• 80% occupied with leasing upside
• Traffic counts exceeding 45,000 vehicles per day
• Located in the highly desirable Coronado District
• Strong demographics and continued multifamily growth
• Just north of Downtown Phoenix
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