Metro Village - Retail Center - 6% CAP Investment Opportunity

12426 North 28th Drive, Phoenix, AZ 85029

  • For Sale $3,750,000
  • Property Type Retail
  • Property Size 17,428 SF
  • Lot Size 61,796 SF
  • Cap Rate % 6
  • Property Tenancy Multi-Tenant
  • Year Built 1979
  • Year Renovated 2004
  • Date Updated Jul 24, 2025

Retail Center for Sale – Exceptional 6% CAP Investment in Booming Phoenix Market

Discover a rare opportunity to acquire a high-performing retail center in the heart of one of Phoenix’s most rapidly growing and sought-after neighborhoods. This property offers investors stable, in-place income with a strong 6% CAP rate—paired with long-term upside in a thriving submarket.

Positioned for visibility, access, and sustained growth, this retail asset combines immediate cash flow with long-term value in an area experiencing continuous residential and commercial development.

Why this Retail Center?

This asset is ideal for investors seeking dependable returns in a resilient, high-demand market. With a stable rent roll, market-driven leases, and strong fundamentals, this retail center delivers a rare blend of current income and long-term capital appreciation.

High Foot Traffic: Positioned near major intersections, busy streets, and popular local amenities.

Exceptional Accessibility: Close proximity to major highways allows for smooth commutes and broader regional reach.

Built-In Growth Potential: Located in a high-demand area with rising property values and strong economic fundamentals.

Whether you're expanding your portfolio or searching for a stable, income-producing asset, this property offers the ideal blend of location, flexibility, and return potential. Don't miss this chance to own a strategically positioned property in a city ranked among the nation’s leaders for population growth, economic expansion, and real estate performance.

Investment Highlights

🔹 Attractive 6% CAP Rate – Secure, income-generating asset with strong tenant performance and built-in stability.

🔹 Prime Phoenix Location – High-growth corridor surrounded by dense rooftops, national retailers, and new developments.

🔹 Strong Demographics – Affluent and expanding customer base with rising spending power.

🔹 High Visibility & Foot Traffic – Located on a signalized corner near major intersections with excellent street exposure.

🔹 Versatile Tenant Mix – Adaptable suite configurations ideal for retail, dining, wellness, or service-based tenants.

🔹 Ample On-Site Parking – Convenient, customer-friendly layout with generous parking capacity.

🔹 Excellent Access – Quick connections to major freeways and transit routes for regional draw.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

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Contacts

broker

Bellagio Plaza

Location

Getting Around

  • Walk Score ®

    53/100 Somewhat Walkable
  • Transit Score ®

    37/100 Some Transit
  • Bike Score ®

    61/100 Bikeable
Powered by Walk Score ®
  • City Phoenix, AZ
  • Neighborhood North Mountain Village
  • Zip Code 85029
  • Market Phoenix

Points of Interest

  • 19th Ave/ Dunlap

    2.48 miles

  • Northern/ 19th Ave

    3.47 miles

  • Glendale/ 19th Ave

    4.43 miles

  • 19th Ave/ Montebello

    5.58 miles

  • 19th Ave/ Camelback

    6.34 miles

  • Waylost

    6.36 miles

  • 7th Ave/ Camelback

    6.58 miles

  • Fisher

    6.61 miles

  • Martin's Ferry

    6.63 miles

  • Gamble

    6.66 miles

  • QuikTrip

    0.19 miles

  • EVgo

    0.74 miles

  • Shell

    0.83 miles

  • Circle K

    0.99 miles

  • propane

    1.19 miles

  • Washington Elementary School District CNG Station

    1.28 miles

  • Arco

    1.48 miles

  • ChargePoint

    2.43 miles

  • Blink

    4.63 miles

  • Phoenix - Agua Fria Freeway Supercharger

    4.68 miles

  • Student Parking Lot

    1.63 miles

  • Faculty Parking Lot

    1.72 miles

  • East Parking Garage

    3.38 miles

  • Purple Lot

    3.40 miles

  • Sunnyslope High School

    3.46 miles

  • Blue Lot

    3.47 miles

  • South Tower Parking Garage

    3.47 miles

  • Green Lot

    3.56 miles

  • Sunnyslope Post Office Parking

    3.62 miles

  • Parking - Manuel's Mexican Restaurant

    3.68 miles

  • DQ Grill & Chill

    0.04 miles

  • Anzio's Italian Restaurant

    0.05 miles

  • Shangri-La

    0.23 miles

  • McDonald's

    0.76 miles

  • Country Boys Restaurant

    0.81 miles

  • Whataburger

    0.82 miles

  • Rocket Burger

    0.85 miles

  • Church's Chicken

    0.85 miles

  • Pappadeaux Seafood Kitchen

    0.85 miles

  • Pizza Divino

    0.90 miles

  • Ross

    0.94 miles

  • Fry's Food and Drug

    0.96 miles

  • Burlington

    1.14 miles

  • Big Lots

    1.14 miles

  • dd's Discounts

    1.36 miles

  • Metrocenter Mall

    1.68 miles

  • Sprouts Farmers Market

    1.76 miles

  • Walmart Supercenter

    1.83 miles

  • Target

    2.32 miles

  • El Rancho Market

    2.63 miles

Frequently Asked Questions

How much does Metro Village - Retail Center - 6% CAP Investment Opportunity cost?

The space currently listed for sale at Metro Village - Retail Center - 6% CAP Investment Opportunity asks for $3,750,000.

What is the total square footage of Metro Village - Retail Center - 6% CAP Investment Opportunity?

Metro Village - Retail Center - 6% CAP Investment Opportunity totals 17,428 square feet.

When was this property built?

Metro Village - Retail Center - 6% CAP Investment Opportunity was built in 1979.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker

Bellagio Plaza

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