2635 Broadway Rd Mesa, AZ 85204
High-Yield NNN Auto Shop Investment
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 135
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
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-Yield NNN Auto Shop Investment
- Where is the retail property located?
- The property is located at 2635 Broadway Rd Mesa, AZ.
- What is the asking price?
- The asking price for this property is $1,833,333.
- What are key features of this property?
- This property features: 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.
- 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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