760 Guadalupe RdGilbert, AZ 85233

Property Details for 760 Guadalupe Rd

Year built

2020

Lot size

0.42 AC

Property size (Sq ft)

2,108 SF

Property type

Retail space

APN

310-10-088A

APU

31010088A

Description

This exceptional investment opportunity presents a 2,533 square foot auto shop in Gilbert, Arizona, currently operating under a Net Lease agreement with Joe's Auto. The property boasts a 4.79% cap rate and a substantial net operating income (NOI) of $46,706. The lease, commenced December 1, 2020, has a remaining term of 6.4 years, extending to March 31, 2031, with built-in rent increases. The asking price is $975,000, translating to $384.92 per square foot. Situated on a 0.52-acre lot at the hard corner of W Guadalupe Road and N Cooper Road, this location benefits from high visibility and traffic counts exceeding 48,000 vehicles per day. The property enjoys 100% occupancy and is strategically positioned near major retailers, including Walmart, Kohl's, and numerous restaurants. This single-tenant, absolute NNN lease offers investors a passive income stream with minimal landlord responsibilities, making it an attractive addition to any portfolio. The tenant, Joe's Auto, is a well-established local business with multiple locations in the Phoenix area. The property's location in a densely populated, affluent suburb of Phoenix, with a high household income, further enhances its investment appeal. This is a rare opportunity to acquire a long-term, stable net lease investment for under $1 million.

• CAP approach

  CAP return

  Valuation

  6%

  $922,256

  6.5%

  $851,313

  7%

  $790,505

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,121,052

  Geo Method

  $1,121,052

• Alternative Use

  Use

  Valuation

  Residential

  $718,114

  Hospitality

  $657,789

  Educational

  $547,273

  Medical

  $566,094

  Retail

  $851,313

Location Insight

City

Gilbert

County

Maricopa

State

Arizona

Latitude

33.3648

Longitude

-111.806

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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