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Pep Boys 810 E Greenway Pky 4,520 SF Retail Building Phoenix, AZ 85022 $2,100,000 ($464.60/SF) 5.50% Cap Rate
Investment Highlights
- Absolute Triple Net Lease (NNN) - No Landlord Responsibilities
- Early Renewed Lease for another 5 years
- Corporate Guaranty
- Long Standing Tenant
- Great Passive Opportunity
Executive Summary
Long standing tenant (Pep Boys) and just early renewed their Option Term for another 5 years. Strong corporate guaranty from the parent Company. Two more 5 year Option Terms with 10% increases each term. Excellent location along a busy arterial in a strong demographic area.
Ideal passive investment for an out-of-state investor or a 1031 exchange buyer!
PRICE JUST LOWERED BY $100,000!
Ideal passive investment for an out-of-state investor or a 1031 exchange buyer!
PRICE JUST LOWERED BY $100,000!
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
4,520 SF
Building Class
B
Year Built
1995
Price
$2,100,000
Price Per SF
$464.60
Cap Rate
5.50%
NOI
$115,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.71 AC
Zoning
C-R - Commercial
Amenities
- Signage
- Air Conditioning
Walk Score®
Very Walkable (77)
Bike Score®
Very Bikeable (75)
Nearby Major Retailers
Property Taxes
| Parcel Number | 214-16-238 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $106,205 |
Property Taxes
Parcel Number
214-16-238
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$106,205
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Steven J Schnitzer Ltd
Pep Boys | 810 E Greenway Pky
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