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CVS 1424 W Baseline Rd 13,813 SF Retail Building Tempe, AZ 85283 $5,900,000 ($427.13/SF)
EXECUTIVE SUMMARY
• Two fresh ten (10) year NN leases with O’Reilly Auto Parts (S&P: BBB) and Sherwin-Williams (S&P: BBB)
• Adjacent to Arizona Mills (Simon owned mall), The Home Depot, the Arizona Grand Resort & Spa, etc.
• Dense demos: approximately 19,969 people in a one mile radius and 116,139 in a three mile radius
• $82k annual average household income in a 3 mile radius
• 60,000+ vehicles per day at this intersection (approximately 42k on Baseline and 18k on Priest)
• One block from the I-10 (157k+ vehicles per day)
• Adjacent to Arizona Mills (Simon owned mall), The Home Depot, the Arizona Grand Resort & Spa, etc.
• Dense demos: approximately 19,969 people in a one mile radius and 116,139 in a three mile radius
• $82k annual average household income in a 3 mile radius
• 60,000+ vehicles per day at this intersection (approximately 42k on Baseline and 18k on Priest)
• One block from the I-10 (157k+ vehicles per day)
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,813 SF
Building Class
C
Year Built
2003
Price
$5,900,000
Price Per SF
$427.13
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
1.46 AC
Zoning
RCC - RCC - Regional Commercial Center - Tempe
Parking
56 Spaces (4.05 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Signalized Intersection
- Drive Thru
- Air Conditioning
Walk Score®
Very Walkable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 123-25-049 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $486,203 |
PROPERTY TAXES
Parcel Number
123-25-049
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$486,203
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CVS | 1424 W Baseline Rd
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