Net Leased Investment in Midtown Phoenix Changes Hands

Le Taco Bar building sells in Net Leased Investment , Phoenix

Phoenix, AZ (March 26, 2025) – Nick Miner, CCIM, ORION Investment Real Estate, exclusively represented 521 W McDowell Partners, LLC, the Buyer, in the strategic acquisition of the net leased investment property located at 521 W McDowell Road, Phoenix, Arizona. This transaction underscores the growing demand for well-positioned retail assets in the heart of Phoenix.

The property is a freestanding 2,800-square-foot retail building with a long-term lease to Le Taco Bar, which offers a lively dining experience with its unique blend of Mexican cuisine and entertainment. The property is situated in the vibrant Roosevelt Row area, known for its eclectic mix of art galleries, restaurants, and boutique shops. Nearby are several other restaurants that contribute to the area’s dynamic cultural and culinary scene.

Roosevelt Row, affectionately known as “RoRo,” is a vibrant arts district in downtown Phoenix, renowned for its eclectic mix of art galleries, murals, boutiques, and restaurants. This walkable neighborhood hosts the popular First Friday Art Walk, attracting thousands of visitors each month to enjoy local art, live music, and food. The area is a hub for creatives and small businesses, contributing to its reputation as one of the city’s most dynamic and culturally rich neighborhoods.

“This acquisition represents a strategic move for the buyer, who is capitalizing on the area’s revitalization and growth,” commented Miner. “The combination of a strong tenant, prime location, annual rental increases make this property an excellent addition to any investment portfolio.”

For more information about this redevelopment project or to inquire about other opportunities, please contact Miner at ORION Investment Real Estate.

The seller, Impeccable Plaza, LLC, was represented by Trent Goulette of Southwest Retail Group.

The buyer, 521 W McDowell Partners, LLC, was represented by Miner of ORION Investment Real Estate.