44400 W Honeycutt Ave - Freestanding FOR SALE
Maricopa, AZ 85138 |
$8,829,600 USD
602-957-9800
44400 W Honeycutt Ave
Maricopa, AZ 85138
HIGHLIGHTS
- New 20-year absolute NNN ground lease means ZERO landlord responsibilities
- Anchor to a new planned power center in the heart of Maricopa
- Corporate guarantee from true investment grade tenant Lowe's (NYSE: LOW) with annual revenue of $83.24 billion
- Attractive 7.5% increases every 5 years through the primary term and eight, five-year option periods, providing predictable revenue growth
- Lowe's has a Percentage Rent clause, allowing for potential additional future rental income
FOR SALE DETAILS
PRICE
$8,829,600 USD
PRICE/SF
$80 USD /SF
CAP RATE
4.87%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
STNL LOWE'S | ABSOLUTE NNN GROUND LEASE
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Garden Center
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2025
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
10.71 AC
LAND SF
466,528 SF
ZONING
-
APN/PARCEL ID
510-25-0600
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602-957-9800
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602-957-9800
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