Metro Village - Retail Center - 6% CAP Investment Opportunity

For Sale

12426 North 28th Drive, Phoenix, AZ 85029

This Phoenix property for sale is located at 12426 North 28th Drive. The current listed sale price for Metro Village - Retail Center - 6% CAP Investment Opportunity is $3,750,000. Metro Village - Retail Center - 6% CAP Investment Opportunity is situated on a lot that is 61,796 square feet in size.

Contacts

broker
Sarah Fortin

Bellagio Plaza

Property Details

  • 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.

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Attachments

Getting around

  • 53/100

    Walk Score ®

  • 37/100

    Transit Score ®

  • 61/100

    Bike Score ®

Powered by Walk Score ®

Location

  • 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

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Sarah Fortin

Bellagio Plaza

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