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931 S Val Vista Drive - Jiffy Lube & Car Wash, Gilbert, AZ

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931 S Val Vista Drive - Jiffy Lube & Car Wash

Gilbert, AZ 85296 - Gilbert Ret Submarket

(814.3 KB)

Property Type:Retail Sub Type:Auto Repair Status:Existing Year Built:2000
Building Size:6,737 SF Land Area:.82 AC (35,654 SF)
For Sale Price:$1,650,000 Price/SF:$244.92
Cap Rate:6.30 %

Sale Notes:
NNN leased Jiffy Lube at high activity corner of Val Vista and Warner. Other major retailers nearby include Target, Home Depot, Fry's, McDonald's, Taco Bell, etc. Property includes additional space for lease or future development. Former car wash area includes 6 bays (5 self serve and 1 full serve). NOI from Jiffy Lube alone is $104,360 NNN, plus 3% annual increases. (Previous car wash tenant was paying in excess of $100,000 per Yr.)

Located S/SEC Val Vista and Warner.

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

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