For Sale
$1,833,333

2635 Broadway RdMesa, AZ 85204

High-Yield NNN Auto Shop Investment

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a brand-new, 1,418-square-foot Take 5 Oil Change located at 2635 E Broadway Rd, Mesa, AZ 85204. Situated on a 0.29-acre lot, this property boasts a 20-year absolute triple-net (NNN) lease with a corporate guarantee from Driven Funding Holdco, LLC, a company operating 3,500+ units. The current annual net operating income (NOI) is $110,000, representing a 6.00% capitalization rate. The lease commenced upon closing and includes four, five-year renewal options with annual rent increases of 1.50% starting in year two. Built in 2024, this property offers a secure, long-term investment with a strong tenant and attractive financial performance. The asking price is $1,833,333, translating to $1,292.90 per square foot. This is a 100% occupied, single-tenant property offering significant potential for passive income and long-term appreciation. The property's prime location in Mesa, Arizona, ensures high visibility and accessibility for customers. This is a rare opportunity to acquire a high-quality, net-leased asset with a strong tenant and favorable lease terms. The investment highlights include a long-term lease, corporate guarantee, and attractive annual rent increases. This is an ideal addition to any diversified investment portfolio.

Highlights

  • Brand-new, 1,418-square-foot Take 5 Oil Change on a 0.29-acre lot in Mesa, AZ.
  • 20-year absolute triple-net (NNN) lease with a corporate guarantee from Driven Funding Holdco, LLC (3,500+ units).
  • $110,000 annual net operating income (NOI) and a 6.00% capitalization rate.
  • Four, five-year renewal options with 1.5% annual rent increases starting year two.

Property Details for 2635 Broadway Rd

Property type
Retail properties, Auto shops
Square Feet
1,418 SF
Year Built
2024
Lot Size (sq. ft)
12,632 SF

Location Insight

City
Mesa
County
Maricopa
State
Arizona
Latitude
33.4078042
Longitude
-111.774578
2635 Broadway Rd, Mesa, Arizona

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2635 Broadway Rd
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