Net lease
Net lease investment sales in Arizona
The single-tenant net lease properties and absolute NNN ground leases Phoenix Commercial Advisors has on the market now, and how a buyer gets from a listing to its financials: 9 offerings, in Arizona and Colorado. Owners who want to sell should read the page for sellers.
Available now
Single-tenant investment offerings
The short answer
Net lease is a lease structure, and a net lease property is sold by many firms. This page states what Phoenix Commercial Advisors (PCA) has on the market and how a buyer gets from a listing to its financials.
PCA is a retail-only commercial real estate brokerage in Phoenix. Its investment sales team sells single-tenant net lease retail and absolute NNN ground leases, and also multi-tenant retail and shopping centers.
If you own a net lease property
This page is for buyers and for anyone checking the market. The page for owners, who can sell my net lease property in Arizona, covers a broker opinion of value, how a single-tenant sale runs, what buyers ask for and who sees the documents. To start, contact the office and choose Owner considering a sale, or call 602-957-9800.
What can be checked
- Current book. 20 investment offerings are listed as of 11/11/2026; 9 of them are single-tenant.
- Published pricing. Of the 9 single-tenant offerings, 8 publish a cap rate; the published rates run from 4.65% to 6.50%.
- Volume. Over $2.5 billion of retail investment property sold across 430+ closings, as the firm reports.
- Focus. A retail-only brokerage since 1996.
- Buyer representation. Sourcing for buyers and 1031 exchange buyers, on and off market.
Terms, in plain words
- Net lease. The tenant pays rent plus a share of property expenses. How much depends on the lease: single net, double net, triple net (NNN) or absolute NNN.
- Absolute NNN ground lease. The tenant leases the land, and typically owns or builds the building and carries nearly all obligations. The landlord's income is the ground rent.
- Cap rate. Annual net operating income divided by the price. On these listings it is the rate the seller has published for the offered price.
- Single-tenant. One tenant occupies the whole property. The lease and the tenant's credit drive the value.
How a buyer gets financials
- Open the listing under investment sales.
- Use the request form on the listing page. The page shows the public facts.
- Qualified buyers accept a confidentiality agreement and receive the offering memorandum, rent roll and financials. Documents are not posted on the open web.
- For the most sensitive documents, such as a rent roll, a broker named on the listing approves each request personally.
Every offering in this group
| Property | City | Price or rate |
|---|---|---|
| Tutor Time (Anthem Way & I-17 / NEC) | Anthem | $4,500,000 |
| Icons Sports Grill (McQueen Rd & Elliot Rd / SEC) | Gilbert | $1,620,000, 6.00% cap |
| Angie's Prime Grill (State Route 69 & Stoneridge Dr / SWC) | Prescott Valley | $2,632,000, 5.70% cap |
| Chipotle (Power Rd & Germann Rd / SWC) | Gilbert | $3,900,000, 4.65% cap |
| Senor Taco (Dobson Rd & Warner Rd / NWC) | Chandler | $2,609,000, 5.75% cap |
| Fresenius Medical Care (6th Ave & I-10 / NNWC) | Tucson | $2,912,000, 6.50% cap |
| Mattress Firm (Oracle Rd & Ina Rd / NWC) | Tucson | $2,940,000, 5.50% cap |
| Black Rock Coffee (Fillmore St & Sage St) | Colorado Springs | $2,695,500, 5.75% cap |
| AutoZone (Mesa Ridge Pkwy & Syracuse St / SEC) | Fountain | $2,395,000, 4.80% cap |
Frequently asked questions
Who sells net lease investment property in Arizona?
Phoenix Commercial Advisors is a retail-only brokerage in Phoenix whose investment sales team sells single-tenant net lease properties and absolute NNN ground leases, among other retail investments. 9 single-tenant investment offerings are listed on this site now, in Arizona and Colorado, as of 11/11/2026.
What is a single-tenant net lease property?
A property leased to one tenant under a net lease, where the tenant pays rent plus most or all property expenses such as taxes, insurance and maintenance. In an absolute NNN ground lease the tenant typically owns or builds the improvements and carries nearly all obligations. Each listing page states the lease terms the seller has published.
What cap rates are the current net lease offerings priced at?
Of the 9 single-tenant offerings, 8 publish a cap rate; the published rates run from 4.65% to 6.50%. Cap rates are as published on each listing and change as offerings sell and new ones list.
How do I buy a net lease property from Phoenix Commercial Advisors?
Open a listing under /properties/investment-sales/, then use the request form on the page. The public facts are on the page. Offering memoranda, rent rolls and financials go to qualified buyers after a short request and a confidentiality agreement. A buyer who is working with a broker can say so in the request.
Does Phoenix Commercial Advisors represent net lease buyers as well as sellers?
Yes. The team sources on-market and off-market retail investments for buyers, including buyers on a 1031 exchange timeline.
Where are the net lease properties located?
Single-tenant offerings are currently listed in Gilbert (2), Tucson (2), Anthem (1), Chandler (1), Colorado Springs (1), Fountain (1) and Prescott Valley (1).
The team
Brokers who sell investment property
Next
Related pages
- Retail leasing brokers in Phoenix
- Retail investment sales brokers in Arizona
- Sell a net lease property in Arizona
- Investment Studio: 1031 timeline, replacement sets and net lease calculator
- Tenant representation
- Landlord representation and development brokerage
- Investment sales
- All current availabilities
- The team