For Sale
$4,446,600

1085 Cooper RdChandler, AZ 85286

High-yield NNN auto shop investment.

Overview

Added:
Dec 11, 2024
Days on market:
119
This exceptional investment opportunity presents a newly constructed, 8,409 square foot auto shop in Chandler, Arizona, boasting a 19.1-year remaining lease term on an absolute NNN lease with a corporate guarantee. The property, located at 1085 S Cooper Rd, features a 6.00% cap rate and a current NOI of $266,796. The tenant, Kerry's Car Care, enjoys an A+ BBB rating and is part of Drive Automotive Services, a rapidly expanding group with 43 locations and plans for significant future growth. The lease includes 10% rent bumps every five years and four five-year renewal options, ensuring long-term financial stability. Situated on a 1.56-acre lot, the property benefits from a prime location less than a mile from the Chandler Auto Park and Chandler Municipal Airport, in an area with high average annual incomes ($143,759 within a 3-mile radius) and a dense population (over 325,000 residents within a 5-mile radius). The property's high visibility is further enhanced by its frontage on Cooper Rd and Pecos Rd (approximately 26,480 vehicles per day) and proximity to Loop 202 Freeway (approximately 147,723 vehicles per day). The asking price is $4,446,600, representing a price per square foot of $528.79. Built in 2023, this property offers a secure and lucrative investment with significant upside potential. The lease commenced October 4, 2023, and expires December 31, 2043. The property's APN is 303-30-006Y.

Highlights

  • 19-year primary lease remaining.
  • Absolute NNN lease; no landlord responsibilities.
  • Corporate guaranteed lease.
  • New construction.
  • A+ Better Business Bureau rating; tenant operates 8 Arizona locations, nearly 30 years in business.
  • Parent company, Drive Automotive Services, reported $69.93M net revenue in 2023 and operates 43 locations with plans for 75 more within 3 years.

Property Details for 1085 Cooper Rd

Property type
Retail properties, Retail space
Square Feet
8,409 SF
Year Built
2023
Lot Size (sq. ft)
67,954 SF

Location Insight

City
Chandler
County
Maricopa
State
Arizona
Latitude
33.290318
Longitude
-111.806318
1085 Cooper Rd, Chandler, Arizona

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 1085 Cooper Rd Chandler, AZ.
What is the asking price?
The asking price for this property is $4,446,600.
What are key features of this property?
This property features: 19-year primary lease remaining.; Absolute NNN lease; no landlord responsibilities.; Corporate guaranteed lease.
How can I contact the broker?
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1085 Cooper Rd
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