21443 Ellsworth RdQueen Creek, AZ 85142

Property Details for 21443 Ellsworth Rd

Year built

2019

Lot size

1.02 AC

Property size (Sq ft)

6,100 SF

Zone code

C-2

Property type

Retail properties

Property subtype

Auto shops

APN

304-67-964

APU

30467964

Description

This exceptional investment opportunity presents a 6,458 square foot Bridgestone auto shop situated on a 1.02-acre lot in Queen Creek, Arizona. The property boasts a 20-year absolute triple-net (NNN) ground lease with approximately 15 years remaining, providing significant long-term stability. The lease features a corporate guarantee from Bridgestone Retail Operations, LLC, mitigating tenant risk. Situated at 21443 S Ellsworth Rd, 85142, the property benefits from high visibility to over 80,000 vehicles daily. The lease includes a 10% rent increase every five years, ensuring consistent growth in rental income. The property's strong financial performance is reflected in its 4.46% cap rate and a current NOI of $77,000. Built in 2019, the property is currently 100% occupied. The lease includes three and five-year renewal options, further enhancing the investment's long-term value. The property's location offers convenient access to Arizona State University's Polytechnic Campus, serving a population of over 514,206 residents within a 10-mile radius. This presents a compelling investment opportunity with substantial upside potential.

Location Insight

City

Queen Creek

County

Maricopa

State

Arizona

Latitude

33.2528

Longitude

-111.634

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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