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9970 W Lower Buckeye Rd
Tolleson, AZ 85353
Joe's Auto · Retail Property For Sale
Investment Highlights
- Located across from Pecan Promenade, a major retail center anchored by Target, Ross, and LA Fitness.
- Tenant operates 10 locations and has served the Phoenix market for over 30 years.
- Strong local demographics with over 76,000 residents and average household income exceeding $84,000 within a 3-mile radius.
- Single-tenant NNN lease with minimal landlord responsibilities and long-term stability.
- Recently updated with new HVAC, fresh interior/exterior paint, and resurfaced parking lot.
- Convenient ingress and egress with excellent visibility along West Lower Buckeye Road.
Executive Summary
This single-tenant net lease auto repair facility offers a stable investment opportunity in the thriving Phoenix metropolitan area. Located at 9970 West Lower Buckeye Road in Tolleson, AZ, the property is strategically positioned across from the Pecan Promenade, a major retail center anchored by Target, Ross, LA Fitness, and Starbucks. The building spans approximately 7,610 square feet on a 52,129-square-foot parcel and features a tilt-up concrete block structure, new HVAC system, and recently resurfaced and restriped parking lot with 37 spaces.
The tenant, Joe’s Auto, is a leading automotive service provider with over 30 years of experience and 10 locations across the Phoenix Valley. The lease is structured as a triple-net (NNN) agreement, minimizing landlord responsibilities to structural elements and portions of the roof. The initial 10-year term includes two five-year renewal options and 10% rent escalations every five years, providing predictable income growth. With a list price of $3,900,000 and a cap rate of 5.85%, this property offers investors a secure, long-term income stream backed by a well-established tenant in a high-growth trade area.
The tenant, Joe’s Auto, is a leading automotive service provider with over 30 years of experience and 10 locations across the Phoenix Valley. The lease is structured as a triple-net (NNN) agreement, minimizing landlord responsibilities to structural elements and portions of the roof. The initial 10-year term includes two five-year renewal options and 10% rent escalations every five years, providing predictable income growth. With a list price of $3,900,000 and a cap rate of 5.85%, this property offers investors a secure, long-term income stream backed by a well-established tenant in a high-growth trade area.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
7,610 SF
Building Class
B
Year Built
2008
Price
$3,900,000
Price Per SF
$512.48
Cap Rate
5.85%
NOI
$228,150
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.20 AC
Zoning
C-2 - General Commercial
Parking
37 Spaces (4.86 Spaces per 1,000 SF Leased)
Frontage
167’ on W Lower Buckeye Rd
Amenities
- Wheelchair Accessible
- Storage Space
- Air Conditioning
Property Taxes
| Parcel Number | 101-15-908 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $226,093 |
Property Taxes
Parcel Number
101-15-908
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$226,093
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