1414 Bell RdPhoenix, AZ 85023

Property Details for 1414 Bell Rd

Year built

1988

Construction

CONCRETE

Lot size

0.60 AC

Property size (Sq ft)

1,936 SF

Zone code

C-2

Property type

Retail properties

Property subtype

Auto shops

APN

208-19-032K

APU

20819032K

Description

This exceptional investment opportunity presents a 3,140 square foot Jiffy Lube auto shop located at 1414 W Bell Rd, Phoenix, AZ 85023. The property sits on a 0.6-acre lot and boasts a strong 6.75% cap rate, generating a net operating income (NOI) of $85,374. The current ground lease with Jiffy Lube, a nationally recognized brand, has approximately 3.7 years remaining, expiring July 31, 2028, with two 5-year renewal options. The lease is a triple-net (NNN) lease with a corporate guarantee and includes a 3% annual rent increase. This prime location benefits from excellent visibility and accessibility on West Bell Road, a major east-west arterial road with over 38,000 vehicles daily. Furthermore, its proximity to the I-17 Freeway (152,000+ vehicles daily) enhances its strategic position within the Phoenix MSA. The surrounding area demonstrates strong demographics, with over 331,609 residents within a 5-mile radius and an average household income exceeding $82,000. The property was built in 1988. This is a rare opportunity to acquire a stable, high-performing investment with significant upside potential. The asking price is $1,264,810, translating to $402.81 per square foot.

• CAP approach

  CAP return

  Valuation

  6%

  $537,984

  6.5%

  $496,601

  7%

  $461,130

• Comparable approach

  Method

  Valuation

  Relative Method

  $752,055

  Geo Method

  $752,055

• Alternative Use

  Use

  Valuation

  Residential

  $418,902

  Hospitality

  $383,712

  Educational

  $319,244

  Medical

  $330,223

  Retail

  $496,601

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.6407

Longitude

-112.091

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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