1355 Elliot rd - Auto Repair FOR SALE


Tempe, AZ 85284- South Tempe
$2,621,000 USD
480-531-0369
1355 Elliot rd, Tempe, AZ for Sale
$2,621,000 USD
Auto Repair - FOR SALE
1/4
null | 5.15% Cap Rate

1355 Elliot rd
Tempe, AZ 85284
South Tempe


HIGHLIGHTS

  • Take 5 Oil Change | Rare Corporate Ground Lease | Zero Landlord Responsibilities
  • 15-Year Primary Term | 2025 Construction
  • Strong Rent Growth - 10% Increases Every 5 Years
  • Costco Outparcel with 2.3 Million Visits per Year (Placer.AI)

OVERVIEW

- Direct frontage on Elliot Rd (52K VPD) and less than 1 Mile from I-10 Freeway - Primary retail corridor surrounded by national retailers including Walmart, Ikea, Lifetime Fitness, PetSmart, At Home and a host of others - Located in a dense residential area there are over 272K residents within 5-miles of the site - Dense employment hub home to some of Arizona's largest employers Coca-Cola, Honeywell, American Airlines and Circle K

FOR SALE DETAILS

PRICE

$2,621,000 USD

PRICE/SF

$1,521 USD /SF

CAP RATE

5.15%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Take 5 Oil Change | Tempe, AZ

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,216 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Alec MillerSimonCREMore Info
480-531-0369

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Alec MillerSimonCREMore Info
480-531-0369

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.