For Sale
$1,695,000

1065 Riggs Rd Chandler, AZ 85249

High-yield retail property, 6,060 SF, strong lease.

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional retail investment property in Chandler, Arizona, presents a compelling opportunity. Located at 1065 E Riggs Rd, 85249, this 6,060 square foot building sits on a substantial 28,267 square foot lot. Constructed in 2003, the property boasts excellent condition and benefits from a high-traffic corner location. The current lease has five years remaining and is secured by a major private equity firm, providing significant financial stability and predictable income. The property offers a compelling 6.56% capitalization rate, making it an attractive addition to any investment portfolio. The asking price is $1,695,000. This is a rare chance to acquire a well-maintained, high-performing retail asset in a thriving Arizona market. The property's strong tenant and location ensure a secure and profitable investment. Serious inquiries are encouraged.

Highlights

  • Exceptional retail investment opportunity in Chandler, AZ.
  • 6,060 SF building on a 28,267 SF lot at 1065 E Riggs Rd, 85249.
  • Built in 2003, excellent condition, high-traffic corner location.
  • Five-year lease remaining with a major private equity firm.
  • 6.56% capitalization rate, asking price $1,695,000.

Property Details for 1065 Riggs Rd

Property type
Retail properties, Investment properties
Square Feet
6,060 SF
Year Built
2003

Location Insight

City
Chandler
County
Maricopa
State
Arizona
Latitude
33.21840912
Longitude
-111.82260122

FAQs

What type of property is this?
Retail property - High-yield retail property, 6,060 SF, strong lease.
Where is the retail property located?
The property is located at 1065 Riggs Rd Chandler, AZ.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: Exceptional retail investment opportunity in Chandler, AZ.; 6,060 SF building on a 28,267 SF lot at 1065 E Riggs Rd, 85249.; Built in 2003, excellent condition, high-traffic corner location.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1065 Riggs Rd
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