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3940 S Ironwood Drive, Apache Junction, AZ

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3940 S Ironwood Drive

Apache Junction, AZ 85120-7152 - Apache Junction Ret Submarket

Property Type:Retail Sub Type:Service Station Status:Existing Year Built:1999
Building Size:4,700 SF Land Area:1.9 AC (82,764 SF)
For Sale Price:$4,500,000 Price/SF:$957.45
Cap Rate:6.50 %

This property consists of service station, car wash and convenience store.

Sale Notes:
Full Service state of the art Chevron Gas Station, with Convenience Market and Car Wash. Sale leaseback with 25 year NNN lease, 10% bumps every 5 years.
High volume, profitable location, with 12 fueling stations, as well as C Store and Car Wash. Tenant is TeeJay Fuels, LLC, whose principals own and operate a total of 4 full service service stations in metro Phoenix, as well as hotels in Florida.
SWC of Baseline and Ironwood, just off the US 60 Freeway. Site is well positioned for easy access to and from the Freeway, as well as to the surrounding area. Other major tenants in this trade area include: SuperWalmart, Best Buy, Staples, Kohl's, Babies R Us, In and Out, Chipotle, Chili's, etc

Diamond Properties, Inc
Chip Diamond
(602) 265-0011

Debby Cato
(602) 265-0011

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