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STNL VALVOLINE | 15-YEAR GROUND LEASE 1937 N 99th Ave 2,080 SF Retail Building Phoenix, AZ 85037 $2,621,000 ($1,260.10/SF) 5.15% Cap Rate
INVESTMENT HIGHLIGHTS
- New, long-term 15-term absolute NNN corporate ground lease, landlord has NO responsibilities
- Outparcel to new high-profile shopping center anchored by Sprouts Farmers Market
- True investment grade tenant Valvoline Inc. (NYSE: VVV) with ±1,900 locations in the United States and a global footprint
- Brand-new freestanding building with drive-thru bays and attractive high-quality construction
- Most dominant West-Valley intersection and regional shopping destination with powerful co-tenancy at the intersection
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Building Size
2,080 SF
Building Class
B
Year Built
2025
Price
$2,621,000
Price Per SF
$1,260.10
Cap Rate
5.15%
NOI
$135,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.94 AC
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Valvoline
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Valvoline | Retailer | 99,999 SF | - | Lorem Ipsum | - |
NEARBY MAJOR RETAILERS
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STNL VALVOLINE | 15-YEAR GROUND LEASE | 1937 N 99th Ave
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