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1424 W Baseline Rd
Tempe, AZ 85283
Retail Property For Sale
Investment Highlights
- One block from the I-10
- New paint
- New parking lot
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
Property Type
Retail
Property Subtype
Freestanding
Building Size
13,813 SF
Building Class
C
Year Built
2003
Price
$5,483,374
Price Per SF
$396.97
Cap Rate
5.75%
NOI
$315,294
Percent Leased
100%
Tenancy
Multiple
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
- Signage
- Signalized Intersection
- Drive Thru
- Air Conditioning
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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