Metro Village - Retail Center - 6% CAP Investment Opportunity

12426 North 28th Drive, Phoenix, AZ 85029

Property Information

  • 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 May 18, 2026

Description

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.

Contacts

Sarah Fortin

Bellagio Plaza

Location

Located at 12426 North 28th Drive, Phoenix, AZ 85029, this property is part of the North Mountain Village neighborhood and Phoenix market.

Contact Listing Broker
Sarah Fortin

Bellagio Plaza

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