2635 Broadway RdMesa, AZ 85204

Property Details for 2635 Broadway Rd

Year built

2005

Lot size

0.29 AC

Zone code

LC

Property type

Other commercial real estate

APN

140-41-941

APU

14041941

Description

This exceptional investment opportunity presents a brand-new, 1,418-square-foot Take 5 Oil Change located at 2635 E Broadway Rd, Mesa, AZ 85204. Situated on a 0.29-acre lot, this property boasts a 20-year absolute triple-net (NNN) lease with a corporate guarantee from Driven Funding Holdco, LLC, a company operating 3,500+ units. The current annual net operating income (NOI) is $110,000, representing a 6.00% capitalization rate. The lease commenced upon closing and includes four, five-year renewal options with annual rent increases of 1.50% starting in year two. Built in 2024, this property offers a secure, long-term investment with a strong tenant and attractive financial performance. The asking price is $1,833,333, translating to $1,292.90 per square foot. This is a 100% occupied, single-tenant property offering significant potential for passive income and long-term appreciation. The property's prime location in Mesa, Arizona, ensures high visibility and accessibility for customers. This is a rare opportunity to acquire a high-quality, net-leased asset with a strong tenant and favorable lease terms. The investment highlights include a long-term lease, corporate guarantee, and attractive annual rent increases. This is an ideal addition to any diversified investment portfolio.

• Alternative Use

  Use

  Valuation

  Residential

  $4,635,132

  Hospitality

  $4,245,756

  Educational

  $3,532,420

  Medical

  $3,653,905

  Retail

  $5,494,874

Location Insight

City

Mesa

County

Maricopa

State

Arizona

Latitude

33.4078

Longitude

-111.774

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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