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Lion's Den Absolute NNN Lease Year 12 of 20 16265 E Peak Ln 2,400 SF Retail Building Picacho, AZ 85141 $1,320,000 ($550/SF) 5.03% Cap Rate
INVESTMENT HIGHLIGHTS
- Located on Exit 219 and I-10 adjacent to Picacho Peak State Park
EXECUTIVE SUMMARY
NNN Lease in year 12 of 20 year lease; 3% annual increases; Current Mo. Rent at $5,536.93 and Annualized at $66,443.16; Next 3% increase on 11.01.2023 with increased Mo. Rent Adjustment of $5,703.02.
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$66,443
|
$27.68
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $66,443 |
| Annual Per SF | $27.68 |
PROPERTY FACTS
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
2,400 SF
Building Class
C
Year Built/Renovated
1987/2012
Price
$1,320,000
Price Per SF
$550
Cap Rate
5.03%
NOI
$66,443
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.50 AC
Opportunity Zone
Yes
Zoning
CB-2, Pinal County - Commercial CB-2 GENERAL BUSINESS ZONE
Any use permitted in PCDSC 2.85.010(B) through (J) (TR transitional zone) and in PCDSC 2.90.010 (CB-1)
Parking
20 Spaces (8.33 Spaces per 1,000 SF Leased)
AMENITIES
- Corner Lot
- Freeway Visibility
- Security System
- Signage
- Accent Lighting
- Storage Space
- Monument Signage
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Lion's Den
- Retailer
- 2,400 SF
- $27.68
- Triple Net
- Oct 2031
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Lion's Den | Retailer | 2,400 SF | $27.68 | Triple Net | Oct 2031 |
PROPERTY TAXES
| Parcel Number | 410-05-005B | Improvements Assessment | $111,738 (2025) |
| Land Assessment | $21,471 (2025) | Total Assessment | $133,209 (2025) |
PROPERTY TAXES
Parcel Number
410-05-005B
Land Assessment
$21,471 (2025)
Improvements Assessment
$111,738 (2025)
Total Assessment
$133,209 (2025)
1 of 2
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Rom-Hoc, LLC
Lion's Den Absolute NNN Lease Year 12 of 20 | 16265 E Peak Ln
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