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1738 E Thomas Rd 3,110 SF 100% Leased Retail Building Phoenix, AZ 85016 $1,400,000 ($450.16/SF) 5.70% Cap Rate
Executive Summary
New five year lease, high visible auto building off Thomas and 51! Gross rent is $4,120/ month. Great stable income with limited, auto sites in strong areas this is a nice long term hold.
+-4 years remaining
Expiration 12/31/26
3% annual increases on the gross rent.
+-4 years remaining
Expiration 12/31/26
3% annual increases on the gross rent.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
3,110 SF
Building Class
C
Year Built
1945
Price
$1,400,000
Price Per SF
$450.16
Cap Rate
5.70%
NOI
$79,800
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.38
Lot Size
0.19 AC
Zoning
R-5, Phoenix - Residential
Parking
8 Spaces (2.57 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Air Conditioning
Moderately walkable
70/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 119-33-058 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $32,428 |
Property Taxes
Parcel Number
119-33-058
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$32,428
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1738 E Thomas Rd
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