For Sale
$2,594,000

1503 Florence BlvdCasa Grande, AZ 85122

High-ROI NNN Lease Investment

Overview

Added:
Feb 13
Days on market:
51
This exceptional investment opportunity presents a fee-simple interest (land and building) in a brand-new, 1,438 square foot Take 5 Oil Change, located at the signalized intersection of Florence Blvd and Peart Rd in Casa Grande, Arizona. The property sits on a 0.83-acre lot with 6 parking spaces and benefits from a 15-year absolute NNN lease with a franchisee tenant, featuring 10% rent bumps every 5 years, minimizing landlord responsibilities. The lease includes six 5-year renewal options, ensuring long-term income stability. Boasting a 6.00% cap rate and a strong NOI of $155,648, this property offers significant return potential. The location is highly desirable, situated near Interstate 10 (53,500 VPD), and surrounded by major retail developments including Tri-Valley Plaza (107,000 SF) and the Promenade at Casa Grande (850,000 SF). The property is zoned B-2: General Business and enjoys a strong demographic profile, with over 59,800 residents and 19,400 employees within a 5-mile radius, and an average household income of $90,829. Built in 2023, this asset represents a secure, low-maintenance investment with substantial upside potential due to the tenant's strong performance and the property's prime location within a rapidly growing area. The APN is 505-28-020E. This is a truly exceptional opportunity for passive investors seeking a stable, high-yield investment in a thriving market.

Highlights

  • $2,594,000 asking price for a fee-simple interest (land & building) in a Take 5 Oil Change property.
  • Absolute NNN net lease with a 15-year term and six 5-year renewal options.
  • Franchisee tenant with 10% rent increases every 5 years.
  • 6.00% cap rate and $155,648 annual NOI.
  • 1,438 square foot building on a 0.83-acre lot with 6 parking spaces, built in 2023.
  • Located at a signalized intersection in Casa Grande, AZ, with high traffic counts and proximity to major retailers and freeways.

Property Details for 1503 Florence Blvd

Property type
Retail properties, Auto shops
Year Built
2023
Lot Size (sq. ft)
36,155 SF

Location Insight

City
Casa Grande
County
Pinal
State
Arizona
Latitude
32.8791437
Longitude
-111.7225708
1503 Florence Blvd, Casa Grande, Arizona

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1503 Florence Blvd
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