1503 Florence BlvdCasa Grande, AZ 85122

Property Details for 1503 Florence Blvd

Year built

2023

Lot size

0.83 AC

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a fee-simple interest (land and building) in a brand-new, 1,438 square foot Take 5 Oil Change, located at the signalized intersection of Florence Blvd and Peart Rd in Casa Grande, Arizona. The property sits on a 0.83-acre lot with 6 parking spaces and benefits from a 15-year absolute NNN lease with a franchisee tenant, featuring 10% rent bumps every 5 years, minimizing landlord responsibilities. The lease includes six 5-year renewal options, ensuring long-term income stability. Boasting a 6.00% cap rate and a strong NOI of $155,648, this property offers significant return potential. The location is highly desirable, situated near Interstate 10 (53,500 VPD), and surrounded by major retail developments including Tri-Valley Plaza (107,000 SF) and the Promenade at Casa Grande (850,000 SF). The property is zoned B-2: General Business and enjoys a strong demographic profile, with over 59,800 residents and 19,400 employees within a 5-mile radius, and an average household income of $90,829. Built in 2023, this asset represents a secure, low-maintenance investment with substantial upside potential due to the tenant's strong performance and the property's prime location within a rapidly growing area. The APN is 505-28-020E. This is a truly exceptional opportunity for passive investors seeking a stable, high-yield investment in a thriving market.

Location Insight

City

Casa Grande

County

Pinal

State

Arizona

Latitude

32.8791

Longitude

-111.723

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