1503 Florence Blvd Casa Grande, AZ 85122
Prime location, 15-year NNN lease.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 136
Highlights
- $2,594,000 asking price for a 1,438 SF Class B retail auto shop in Casa Grande, AZ.
- Absolute NNN lease with a creditworthy franchisee tenant (Take 5 Oil Change) for 15 years, with 10% rent bumps every 5 years.
- 6.00% cap rate based on a $155,648 NOI.
- 100% occupancy in a brand-new, state-of-the-art building constructed in 2023.
- High-traffic location with excellent visibility on a signalized corner, boasting approximately 65,000 vehicles per day.
- Strong surrounding retail environment including major national brands and new developments.
Property Details for 1503 Florence Blvd
- Property type
- Retail properties, Auto shops
- Square Feet
- 1,438 SF
- Class
- B
- Year Built
- 2023
- Buildings
- 1
- Lot Size (sq. ft)
- 36,155 SF
- Units
- 1
Location Insight
- City
- Casa Grande
- County
- Pinal
- State
- Arizona
- Latitude
- 32.8791419
- Longitude
- -111.7225495
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - Prime location, 15-year NNN lease.
- Where is the retail property located?
- The property is located at 1503 Florence Blvd Casa Grande, AZ.
- What is the asking price?
- The asking price for this property is $2,594,000.
- What are key features of this property?
- This property features: $2,594,000 asking price for a 1,438 SF Class B retail auto shop in Casa Grande, AZ.; Absolute NNN lease with a creditworthy franchisee tenant (Take 5 Oil Change) for 15 years, with 10% rent bumps every 5 years.; 6.00% cap rate based on a $155,648 NOI.
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