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2-Tenant Medical Pad | NNN Lses 19591 Indian School Rd 6,600 SF 100% Leased Retail Building Buckeye, AZ 85396 $4,931,000 ($747.12/SF) 5.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Recent 2024 Construction | 9.2 Year WALT | NNN Leases in Nature
- Village Grove at Verrado (169,570 SF) | Dense Retail Corridor
- Signalized, Hard Corner Intersection | Interstate 10 (149,000 VPD)
- Strong Demographics in 5-Mile Trade Area
EXECUTIVE SUMMARY
• Both leases are either corporately signed or guaranteed, and the tenant roster has a weighted average lease term (WALT) of 9.2 years remaining
• Constructed in 2024, the subject property showcases a state-of-the-art design complemented by modern amenities
• Both tenants operate under NNN leases, significantly reducing expense leakage for a future investor
• The current tenant lineup consists of necessity based retail/medical tenants, creating a stabilized income stream for a future investor
• Constructed in 2024, the subject property showcases a state-of-the-art design complemented by modern amenities
• Both tenants operate under NNN leases, significantly reducing expense leakage for a future investor
• The current tenant lineup consists of necessity based retail/medical tenants, creating a stabilized income stream for a future investor
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,600 SF
Building Class
C
Year Built
2024
Price
$4,931,000
Price Per SF
$747.12
Cap Rate
5.50%
NOI
$271,188
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
0.85 AC
Zoning
C-2 - Community Commercial
Parking
35 Spaces (5.3 Spaces per 1,000 SF Leased)
AMENITIES
- Corner Lot
- Freeway Visibility
- Signalized Intersection
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- GoodVets
- Health Care and Social Assistance
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
- Pacific Dental
- Health Care and Social Assistance
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| GoodVets | Health Care and Social Assistance | 99,999 SF | - | Lorem Ipsum | Jan 0000 | |
| Pacific Dental | Health Care and Social Assistance | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 502-62-225A | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $322,902 |
PROPERTY TAXES
Parcel Number
502-62-225A
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$322,902
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2-Tenant Medical Pad | NNN Lses | 19591 Indian School Rd
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