For Sale
$2,571,428

2649 Indian School RdPhoenix, AZ 85017

NNN Lease, 18 Years Remaining, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a 2,895 square foot Sinclair gas station in Phoenix, Arizona, at 2649 W Indian School Rd (APN: 110-01-015D). The property sits on a 0.78-acre lot and boasts a strong Absolute NNN lease with approximately 18.1 years remaining, expiring December 31, 2042, and includes two five-year options. Rent increases by 10% every five years, providing inflation protection. The property features a current Net Operating Income (NOI) of $144,000 and a 5.60% cap rate. Built in 2000, this high-performing location benefits from its proximity to the I-17 Freeway (approximately 220,585 vehicles per day) and a busy intersection with over 99,000 combined vehicles per day. The densely populated trade area (approximately 497,805 residents within a 5-mile radius) and proximity to Grand Canyon University (approximately 25,000 students) ensure consistent high traffic volume. The tenant, operating under the Sinclair brand, demonstrates a strong financial history, generating over $87 million in annual revenue and operating 17 locations. This investment offers significant long-term growth potential and attractive returns with minimal landlord responsibilities. The asking price is $2,571,428. The property qualifies for accelerated depreciation.

Highlights

  • Absolute NNN lease; no landlord responsibilities.
  • Long-term lease with approximately 18 years remaining.
  • Qualifies for accelerated depreciation; rental increases every 5 years.
  • Strong franchisee operator with over 16 years in business, $29.25M+ net worth personal guaranty, and $87M+ gross annual revenue across 17 locations; high unit sales.
  • Excellent location adjacent to I-17 Freeway (approx. 220,585 VPD) and a high-traffic intersection (99,000+ VPD).
  • Close proximity to Grand Canyon University (approx. 1.5 miles, 25,000 students).

Property Details for 2649 Indian School Rd

Property type
Retail properties, Gas stations
Square Feet
2,895 SF
Year Built
2000
Lot Size (sq. ft)
33,977 SF

Location Insight

City
Phoenix
County
Maricopa
State
Arizona
Latitude
33.4945431
Longitude
-112.1166414
2649 Indian School Rd, Phoenix, Arizona

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2649 Indian School Rd
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