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Blue Cross 4111 N 36th St 7,016 SF Retail Building Phoenix, AZ 85018 $2,200,000 ($313.57/SF) 5.40% Cap Rate
INVESTMENT HIGHLIGHTS
- 11 months into 5 year current lease, 2% annual escalation, with 3 options of a 5 year renewal 5.4% cap rate
- Attention 1031 investors. Inspected Nov 2023 - All repairs completed. True NNN lease, Watch your cap rate grow.
EXECUTIVE SUMMARY
Investment opportunity!!! Beautiful, well-maintained, state-of-the-art veterinary building for sale with a long-term corporate tenant, with true NNN lease! Well-established area in North Central Phoenix: growing urban, affluent, many new remodels and new businesses, good schools, and restaurants. Perfect for 1031.
Inspection done in Nov 2023, all repairs completed.
Contact Jim at 360-941-2341 or jim@omni-pg.com for more information. Lic.#SA688858000 (AZV327)
Please Do Not Disturb Tenant
Inspection done in Nov 2023, all repairs completed.
Contact Jim at 360-941-2341 or jim@omni-pg.com for more information. Lic.#SA688858000 (AZV327)
Please Do Not Disturb Tenant
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
7,016 SF
Building Class
B
Year Built
2001
Price
$2,200,000
Price Per SF
$313.57
Cap Rate
5.40%
NOI
$118,800
Tenancy
Single
Building Height
1 Story
Building FAR
0.29
Lot Size
0.55 AC
Zoning
C-C
Parking
36 Spaces (5.13 Spaces per 1,000 SF Leased)
Frontage
126’ on 36th St
AMENITIES
- Pylon Sign
- Signage
- Tenant Controlled HVAC
- Monument Signage
- Air Conditioning
Walk Score®
Very Walkable (80)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 170-31-003B | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $192,762 |
PROPERTY TAXES
Parcel Number
170-31-003B
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$192,762
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Blue Cross | 4111 N 36th St
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