13051 Thunderbird RdEl Mirage, AZ 85335

Property Details for 13051 Thunderbird Rd

Year built

2015

Lot size

1.28 AC

Zone code

UC

Property type

Commercial real estate

APN

501-37-956

APU

50137956

Description

This exceptional investment opportunity presents a brand-new, 2,675 square foot Jiffy Lube located in El Mirage, Arizona, at 13051 W Thunderbird Rd, 85335. Built in 2024, this single-story building sits on a 0.82-acre lot and features a 20-year absolute NNN lease with a franchisee tenant, commencing September 1, 2024, and expiring September 30, 2044. The lease includes four, five-year renewal options with a 10% rent increase every five years. The property boasts a strong 5.50% cap rate and a substantial net operating income (NOI) of $218,942. The asking price is $3,980,764, translating to $1,488.14 per square foot. This prime location benefits from high traffic volume exceeding 45,000 vehicles daily at the intersection of Dysart and Thunderbird Roads, and enjoys excellent visibility and proximity to major retailers such as Walmart, Sprouts, and Fry's Marketplace. The Jiffy Lube operates under the new Multi-Care concept, offering expanded automotive services. This is a passive investment opportunity with a best-in-class tenant, the largest Jiffy Lube franchisee in Arizona, operating over 50 locations primarily within the Phoenix MSA. The property is situated in a rapidly growing area of Maricopa County, with significant residential development underway. This presents a compelling investment opportunity with long-term stability and significant upside potential.

• Alternative Use

  Use

  Valuation

  Residential

  $15,307,005

  Hospitality

  $14,021,134

  Educational

  $11,665,419

  Medical

  $12,066,611

  Retail

  $18,146,208

Location Insight

City

El Mirage

County

Maricopa

State

Arizona

Latitude

33.6085

Longitude

-112.34

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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