4302 W McDowell Rd 2,400 SF Retail Building Phoenix, AZ 85035 $3,200,000 ($1,333.33/SF) 5.91% Cap Rate

PLS Financial Services Inc. is one of the largest providers of alternate financial services to unbanked and underbanked customers. Headquartered in Chicago, Illinois they operate primarily in urban and densely populated markets, with over 200 locations in 12 states. The company offers a variety of financial services, including check cashing, money orders, bill payment, motor vehicle services and money transfer.
The subject property is a passive single tenant, net lease investment on a very prominent hard corner in Metro Phoenix, Arizona, offering excellent visibility and access. The property sits on .40 acres and consists of a single story freestanding building totaling approximately 2400 square feet with 21 parking spaces. The intersection of N 43rd St. and West McDowell sees over 66,500 cars per day. The intersection of N 43rd and Interstate Freeway 10 is located less than a quarter of a mile south of the property and enjoys over 295,000 AADT’s. PLS has been operating at this location since July 2020, and exhibiting the strength of the market at this location, they operate 24 hours a day, seven days a week to serve their clients here.
There are 10% adjustments to the rent every five years. Additionally, there are four five-year options with the same 10% rental increases at the beginning of each option. These structured increases in rent provide the potential investor with an inflation hedge, together with the prospect for long-term stable cash flow from the asset.