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N Higley Rd & E Michelle Way
Gilbert, AZ 85234
Valvoline Ground Lease · Retail Property For Sale

Investment Highlights

  • Brand New 10-Year Absolute Triple-Net (NNN) Ground Lease with Corporate Guaranty by Valvoline (NYSE: VVV)
  • New High-Quality 2023 Construction
  • Adjacent to a Brand New U.S. Bank and Whataburger Currently Under Construction, as well as a 45,000-SF 2-Story Medical Office Currently in Development
  • 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • Valvoline Operates 2,100+ Service Center Locations Across North America
  • Located in City Gate Marketplace, Anchored by Fry's Marketplace

Property Facts

Property Type
Retail
Property Subtype
Auto Repair
Building Size
2,090 SF
Year Built
2023
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.06 AC

Property Taxes

Property Taxes

Parcel Number
313-12-932
Land Assessment
$65,306
Improvements Assessment
$0
Total Assessment
$65,306
  • Listing ID: 29619345

  • Date on Market: 9/25/2023

  • Last Updated:

  • Address: N Higley Rd & E Michelle Way, Gilbert, AZ 85234

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