Historical Retail Sale Listing - Bridgestone/Firestone Corporate Walmart Out Parcel

Retail For Sale

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Bridgestone/Firestone Corporate Walmart Out Parcel

4505 E Mckellips Road, Mesa, AZ 85203

N/A

8,143 SF | Retail

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Retail Property - Off Market

Price:
N/A
Building Size:
8,143 SF
Property Type:
Retail
Property Sub-type:
Free Standing Bldg
Additional Sub-types:
Vehicle Related
Retail Pad
Anchor
Property Use Type:
Net Lease Investment with
10+ years left on lease
Construction Status:
Under Construction/
Proposed
Cap Rate:
7%
Occupancy:
100%
Tenancy:
Single
Year Built:
2011
Listing ID
17378950
Last Updated
over 1 year ago

Highlights

  • Corporate Backed
  • Absolute NNN, No Landlord Responsibilities Whatsoever
  • Wal-Mart Out Parcel
  • 6.25% Increases
  • 20 Miles East of Phoenix
  • New Construction Built to Suit

Description

This site is currently under construction and will rent commence in late November under a new 15 year absolute NNN lease with 6.25% increases every 5 years and at the 4 (5 Year) options. The property is an outparcel to a Wal-Mart Supercenter anchored center that also includes a Walgreens.

The shopping center is located on the hard corner of East Mckellips Rd and N. Lindsey Rd that boasts an overall traffic count of over 60,000 cars per day.

Mesa, Arizona is 20 Miles East of Downtown Phoenix and is the 3rd largest city in Arizona (Population 439,000) and is the 38th largest suburb in the US (East Valley Section of the Phoenix MSA).

The property is located 14 miles from Tempe and Arizona State University.

Map of 4505 E Mckellips Road, Mesa, AZ 85203 (Maricopa County)

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