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868 N Gilbert Rd 45,019 SF 100% Leased Retail Building Gilbert, AZ 85234 $12,000,000 ($266.55/SF) 6.82% Cap Rate
Investment Highlights
- Three tenant retail project totaling ±45,019 square feet
- Constructed in 2001 and continually updated with new HVAC units and Roof
- Center co-tenants include Walgreens and Chase Bank
- 100% leased to recreation focused high- quality successful tenants
- One half mile north of showcase Downtown Gilbert with over 30 restaurants
- Dense daytime employment area - Office and Retail
Executive Summary
• All Tenants have Long term Leases
• 3 Tenant Shopping Center
• Very Low Owner Expenses (less than $4,000/Year)
• Very low tenant NNN Expenses, which makes Center very attractive
• Fee Simple
• 3 Tenant Shopping Center
• Very Low Owner Expenses (less than $4,000/Year)
• Very low tenant NNN Expenses, which makes Center very attractive
• Fee Simple
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
45,019 SF
Building Class
B
Year Built
2001
Price
$12,000,000
Price Per SF
$266.55
Cap Rate
6.82%
NOI
$818,619
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.30
Lot Size
3.45 AC
Zoning
C-G - Commercial
Amenities
- Signage
- Signalized Intersection
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Wiseman Rock Properties
- Real Estate
- -
-
$9.99
-
Lorem Ipsum
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Wiseman Rock Properties | Real Estate | - | $9.99 | Lorem Ipsum | - |
Walk Score®
Very Walkable (72)
Bike Score®
Very Bikeable (83)
Nearby Major Retailers
Property Taxes
| Parcel Number | 314-01-009 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $609,811 |
Property Taxes
Parcel Number
314-01-009
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$609,811
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868 N Gilbert Rd
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