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Abstrakt - 10 Yr Abs NNN Sale-Leaseback 2149 E 5th St 7,750 SF Industrial Building Tempe, AZ 85281 $3,272,000 ($422.19/SF) 9% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New 10-Year Absolute Triple-Net (NNN) Lease
- Tenant Invested Over $970,000 into the Interior and HVAC System in Addition to Over $400,000 of Specialty Equipment - Highly Desirable Buildout
- Adjacent to Arizona State University (Nearly 55,000 Students), Facilitating Access to a Skilled Workforce and Research Collaboration Opportunities
- Three Percent Annual Rental Increases with Multiple Renewal Options
- Dense Tempe Trade Area with 368,375 Residents within a Five-Mile Radius
- Situated within the Smith Innovation Hub - 302 Acres with Mostly Light Industrial and Office Uses
EXECUTIVE SUMMARY
Abstrakt has emerged as a leading force in Arizona's cannabis industry, distinguished by its innovative flavor profiles and widespread market reach, with a presence in over 30 submarkets statewide. Abstrakt's products can be found in over 90 dispensaries throughout Arizona. It is the Top 3 Vape Company in the state by volume and revenue and is the Top 10 overall cannabis brand in Arizona.
Located just 10 minutes east of downtown Phoenix, Tempe exudes its own personality and the youthful spirit of a college town. Home to Arizona State University, the largest public university in the United States, Tempe has a vibrant downtown that’s active day and night.
Located just 10 minutes east of downtown Phoenix, Tempe exudes its own personality and the youthful spirit of a college town. Home to Arizona State University, the largest public university in the United States, Tempe has a vibrant downtown that’s active day and night.
PROPERTY FACTS
| Price | $3,272,000 | Rentable Building Area | 7,750 SF |
| Price Per SF | $422.19 | No. Stories | 1 |
| Sale Type | Investment NNN | Year Built | 1981 |
| Cap Rate | 9% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 2/1,000 SF |
| Property Subtype | Manufacturing | Clear Ceiling Height | 16’ |
| Building Class | C | No. Drive In / Grade-Level Doors | 1 |
| Lot Size | 0.52 AC | Opportunity Zone |
Yes
|
| Zoning | I-1, Tempe | ||
| Price | $3,272,000 |
| Price Per SF | $422.19 |
| Sale Type | Investment NNN |
| Cap Rate | 9% |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 0.52 AC |
| Rentable Building Area | 7,750 SF |
| No. Stories | 1 |
| Year Built | 1981 |
| Tenancy | Single |
| Parking Ratio | 2/1,000 SF |
| Clear Ceiling Height | 16’ |
| No. Drive In / Grade-Level Doors | 1 |
| Opportunity Zone |
Yes |
| Zoning | I-1, Tempe |
AMENITIES
- Air Conditioning
UTILITIES
- Water - City
- Sewer - City
1 1
Walk Score®
Very Walkable (70)
PROPERTY TAXES
| Parcel Number | 132-37-140 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $91,154 |
PROPERTY TAXES
Parcel Number
132-37-140
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$91,154
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Abstrakt - 10 Yr Abs NNN Sale-Leaseback | 2149 E 5th St
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