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SWC of Vistancia & El Mirage Rd blvd 2,400 SF Retail Building Peoria, AZ 85383 $3,450,000 ($1,437.50/SF) 5.45% Cap Rate
Investment Highlights
- Net Lease Starbucks | Build To Suit
- Stable Rent Growth - 10% Every 5 Years
- 10-Year Term | Corporate Guarantee | 2025 Construction
- Double-Stack Drive-Thru
Executive Summary
- Located 15 minutes from the Taiwan Semiconductor Plant, a $160 Billion development which will bring 6,000+ manufacturing jobs to northern Peoria.
- The adjacent 320-Acre Five North at Vistancia development will feature Tempe-based Amkor’s latest manufacturing facility. The $2 Billion investment will bring 2,000 jobs to the area and will allow for future collaboration with other semiconductor manufacturers, including TSMC.
- Easy Access to Loop-303: El Mirage is currently being extended to a full diamond interchange south at Loop-303.
- The adjacent 320-Acre Five North at Vistancia development will feature Tempe-based Amkor’s latest manufacturing facility. The $2 Billion investment will bring 2,000 jobs to the area and will allow for future collaboration with other semiconductor manufacturers, including TSMC.
- Easy Access to Loop-303: El Mirage is currently being extended to a full diamond interchange south at Loop-303.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,400 SF
Building Class
B
Year Built
2025
Price
$3,450,000
Price Per SF
$1,437.50
Cap Rate
5.45%
NOI
$188,003
Tenancy
Single
Building Height
1 Story
Building FAR
0.01
Lot Size
7.29 AC
Zoning
PAD - PAD, Planned Area Development
Amenities
- Air Conditioning
Nearby Major Retailers
Property Taxes
| Parcel Number | 503-99-993 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $5,161,563 |
Property Taxes
Parcel Number
503-99-993
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$5,161,563
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SWC of Vistancia & El Mirage Rd blvd
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