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76 Gas Station | 18yr Abs NNN w/ Annual Incr 6806 E Brown Rd 3,271 SF Retail Building Mesa, AZ 85207 $6,290,000 ($1,922.96/SF) 6.35% Cap Rate
INVESTMENT HIGHLIGHTS
- ~18 Years Remaining | Annual Rental Increases | Well-Known & Established Tenant | Experienced Operator
- Signalized, Hard-Corner Intersection (42,700 VPD) | Excellent Visibility & Access | Significant Street Frontage
- Direct Consumer Base | Phoenix MSA | Strong Demographics in 5-Mile Trade Area
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities | Bonus Depreciation
- Dense, Regional Retail Corridor Nearby | Red Mountain High School (3,460 Students)
EXECUTIVE SUMMARY
SRS Real Estate Partners-West, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, 76 Gas Station property located in Mesa, Arizona (Phoenix MSA). The tenant, LV Petroleum, LLC, has approximately 18 years of lease term remaining with 4 (20-year) options to extend, demonstrating their commitment to the site. The lease features annual 3% rental increases throughout the initial term, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making this an ideal, management-free investment opportunity for a passive investor. 76 Gas Station is a well-known and established gas station chain with over 1,700 locations across the country. LV Petroleum, LLC is an experienced developer and operator of convenience stores and gas stations in Nevada and Arizona. Fee simple ownership of a convenience store qualifies for bonus depreciation (see page 20 for details).
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,271 SF
Building Class
C
Year Built
1988
Price
$6,290,000
Price Per SF
$1,922.96
Cap Rate
6.35%
NOI
$399,392
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.82 AC
Zoning
LC - Limited Commercial
Parking
8 Spaces (2.45 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Dedicated Turn Lane
- Signage
- Signalized Intersection
- Monument Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- 76 Gas Station
- Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| 76 Gas Station | Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 218-04-087A | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $144,307 |
PROPERTY TAXES
Parcel Number
218-04-087A
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$144,307
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76 Gas Station | 18yr Abs NNN w/ Annual Incr | 6806 E Brown Rd
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