1645 N 51st Ave - Auto Repair FOR SALE


Phoenix, AZ 85035
$1,899,000 USD
480-792-9500
1645 N 51st Ave, Phoenix, AZ for Sale
$1,899,000 USD
Auto Repair - FOR SALE
1/8
null | 6.36% Cap Rate

1645 N 51st Ave
Phoenix, AZ 85035


HIGHLIGHTS

  • Absolute NNN
  • Jiffy Lube, LLC – Direct Tenant
  • Premium Velocity Auto – Operator/Subtenant (360+ Locations/20 States)
  • Current Rent – $120,750/yea
  • Rent Increase – $126,787 beginning 12/18/2028
  • Initial Term – Through 12/31/2030 (Renewal Options – Two 5-Year Options)

OVERVIEW

ABSOLUTE NNN - JIFFY LUBE, a single-tenant net-leased property strategically located at 1645 North 51st Avenue in Phoenix, Arizona. This absolute NNN investment offers a rare opportunity to acquire a zero-management asset with long-term, contractually escalating income. This is a long-standing tenant operating at the location since 2008. Tenant covers all building and property maintenance, including roof, structure, taxes, parking, etc.

FOR SALE DETAILS

PRICE

$1,899,000 USD

PRICE/SF

$981 USD /SF

CAP RATE

6.36%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,553 SF

ZONING

C-2

APN/PARCEL ID

103-20-003W

ASK ABOUT THIS PROPERTY

Jim ZemezonakBoulder Realty AdvisorsMore Info
480-792-9500

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

Jim ZemezonakBoulder Realty AdvisorsMore Info
480-792-9500

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