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TEMPE CROSSING 9895 S Priest Dr 5,634 SF 100% Leased Retail Building Tempe, AZ 85284 $4,280,000 ($759.67/SF) 5.20% Cap Rate
Investment Highlights
- Two tenant, fee simple property sitting on 1.3 acres of well-located real estate along the I-10 & Ray Road corridor
- Tested locations - this Black Rock Coffee is the company's 13th most trafficked locations in the nation
- Dynamic retail intersection with the regional shopping mall Chandler Pavillions just to the southwest and adjacent to the Shoppes at Casa Paloma
- High-credit, corporate guaranteed tenancy, with Black Rock Coffee Bar (NASDAQ: BRCB) who has over 175 locations nationally and 55+ locations in AZ
- Compounding income growth, with all tenants having 10% rent increases every five years in primary term and option periods
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,634 SF
Building Class
B
Year Built
2021
Price
$4,280,000
Price Per SF
$759.67
Cap Rate
5.20%
NOI
$222,596
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.10
Lot Size
1.26 AC
Zoning
PCC-2, City of Tempe - Planned Commerce Center
Amenities
- Restaurant
- Signage
- Drive Thru
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Goldwater Brewing Co
- Retailer
- -
- -
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Goldwater Brewing Co | Retailer | - | - | Jan 0000 |
Walk Score®
Very Walkable (72)
Nearby Major Retailers
Property Taxes
| Parcel Number | 308-16-046 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $238,065 |
Property Taxes
Parcel Number
308-16-046
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$238,065
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TEMPE CROSSING | 9895 S Priest Dr
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