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Brand New 20 Year Absolute NNN ARCO 1201 E Northern Ave 2,503 SF Retail Building Phoenix, AZ 85020 $3,300,000 ($1,318.42/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN - no landlord responsibilities
- Qualifies for bonus depreciation
- Located on a hard corner with ±62,375 vehicles per day at 12th St & Northern Ave
- Long term primary lease (±20 years remaining)
- Rental increases every 5 years to hedge against inflation
- Densely populated trade area with over 359,000 residents within 5 miles
EXECUTIVE SUMMARY
INVESTMENT HIGHLIGHTS
• Absolute NNN - no landlord responsibilities
• Long term primary lease (±20 years remaining)
• Qualifies for bonus depreciation
• Rental increases every 5 years to hedge against inflation
STRONG OPERATOR
• Franchisee operator has been in business for over 16 years
• Strong personal guaranty with guarantor net worth above $29.25M
• Gross annual revenue is over $90M
• Franchisee operates 18 locations
• Extremely high unit level sales
PROPERTY HIGHLIGHTS
• Located on a hard corner with ±62,375 vehicles per day at 12th St & Northern Ave
• Densely populated trade area with over 359,000 residents within 5 miles
• Strong average household incomes over $130,000 in a 1 mile radius
• Close proximity to the AZ-51 Freeway
• Absolute NNN - no landlord responsibilities
• Long term primary lease (±20 years remaining)
• Qualifies for bonus depreciation
• Rental increases every 5 years to hedge against inflation
STRONG OPERATOR
• Franchisee operator has been in business for over 16 years
• Strong personal guaranty with guarantor net worth above $29.25M
• Gross annual revenue is over $90M
• Franchisee operates 18 locations
• Extremely high unit level sales
PROPERTY HIGHLIGHTS
• Located on a hard corner with ±62,375 vehicles per day at 12th St & Northern Ave
• Densely populated trade area with over 359,000 residents within 5 miles
• Strong average household incomes over $130,000 in a 1 mile radius
• Close proximity to the AZ-51 Freeway
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
2,503 SF
Building Class
C
Year Built
1986
Price
$3,300,000
Price Per SF
$1,318.42
Cap Rate
5.75%
NOI
$189,600
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.35 AC
Zoning
C-C - Commercial
Parking
15 Spaces (5.99 Spaces per 1,000 SF Leased)
Frontage
75’ on East Northern Avenue
AMENITIES
- Bus Line
- Corner Lot
- Signage
- Wheelchair Accessible
- Smoke Detector
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Retailer
- -
- -
- -
For over 50 years, ARCO has been a leading gas provider, with over 1,500 locations across the West Coast, Mexico and now the East of the Rockies. They're a quality TOP TIER gas footnote 11 provider, offering gas that exceeds EPA standards and can help improve engine performance, efficiency and cleanliness, and even minimize emissions.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Retailer | - | - | - |
Walk Score®
Very Walkable (70)
Bike Score®
Very Bikeable (76)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 160-15-105B | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $82,671 |
PROPERTY TAXES
Parcel Number
160-15-105B
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$82,671
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Brand New 20 Year Absolute NNN ARCO | 1201 E Northern Ave
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