For Sale
$1,725,000
21443 Ellsworth Rd Queen Creek, AZ 85142
High-yield NNN ground lease, strong tenant.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 137
Highlights
- $1,725,000 asking price for this 6,458 SF retail auto shop.
- Absolute NNN ground lease with a corporate guarantee from Bridgestone.
- 15-year remaining lease term (20-year lease, commenced 11/1/2019, expiring 11/1/2039), with 3, 5-year options.
- 10% rent bumps every 5 years; current NOI is $77,000, resulting in a 4.46% cap rate.
- Located on Ellsworth Rd in Queen Creek, AZ, with high visibility and traffic counts.
Property Details for 21443 Ellsworth Rd
- Property type
- Retail properties, Auto shops
- Square Feet
- 6,458 SF
- Year Built
- 2019
- Lot Size (sq. ft)
- 44,431 SF
Location Insight
- City
- Queen Creek
- County
- Maricopa
- State
- Arizona
- Latitude
- 33.2528855
- Longitude
- -111.634043
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-yield NNN ground lease, strong tenant.
- Where is the retail property located?
- The property is located at 21443 Ellsworth Rd Queen Creek, AZ.
- What is the asking price?
- The asking price for this property is $1,725,000.
- What are key features of this property?
- This property features: $1,725,000 asking price for this 6,458 SF retail auto shop.; Absolute NNN ground lease with a corporate guarantee from Bridgestone.; 15-year remaining lease term (20-year lease, commenced 11/1/2019, expiring 11/1/2039), with 3, 5-year options.
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