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Brakes Plus 18415 N 35th Ave 4,644 SF Retail Building Phoenix, AZ 85053 $2,468,000 ($531.44/SF) 5.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease to Brakes Plus, Inc. with ±5 Years Remaining
- Located on Busy N 35th Ave (25,500+ ADT) – Close Proximity to I-17 & Loop 101
- The property is currently under an Absolute Triple Net (NNN) Lease to Brakes Plus, Inc., and has ZERO Landlord Responsibilities.
- Great 1031 Exchange Option for Passive Investors
EXECUTIVE SUMMARY
Introducing a premier investment opportunity in Phoenix, Arizona: 18415 NORTH 35th AVENUE. Priced at $2,468,000 with a solid 5.50% Cap Rate, this property features a single tenant NNN lease to Corporate Tenant Brakes Plus, Inc., offering a net income of $135,762 per year with zero landlord responsibilities. Conveniently situated in an infill location with high visibility on N 35th Ave (25,500+ ADT) near major highways I-17 and Loop 101, this property is ideal for passive investors seeking a secure 1031 exchange opportunity. The lease runs through June 2030 with two 5-year extension options, providing long-term stability and rental increases every 5 years. With a substantial population base and strong demographics in the surrounding areas, this property represents a lucrative investment in the thriving Phoenix market. Don't miss out on this lucrative investment - seize the opportunity at 18415 NORTH 35th AVENUE today!
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
4,644 SF
Building Class
C
Year Built
2000
Price
$2,468,000
Price Per SF
$531.44
Cap Rate
5.50%
NOI
$135,762
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.58 AC
Zoning
C
AMENITIES
- Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Services
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Since their very first Brakes Plus opening in 1990, and now with many stores nationwide, Brakes Plus has been providing their customers with the superior products they need and the unmatched customer service they have come to expect. For many years, every action they take and every decision they make is guided by their mission, core values, and vision. They are proud to be part of a family of brands which includes Express Oil Change & Tire Engineers, Mavis, Town Fair Tire, and Tuffy Tire and Auto Service.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Services | - | $9.99 | Lorem Ipsum | Jan 0000 |
Walk Score®
Very Walkable (73)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 207-02-712 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $102,976 |
PROPERTY TAXES
Parcel Number
207-02-712
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$102,976
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Brakes Plus | 18415 N 35th Ave
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