$3,381,000 USD
510-289-1166
HIGHLIGHTS
- Long-Term Corporate NNN Lease to O’Reilly with ~9.5 Years Remaining
- Tenant Has Operated at the Site Since 2010 and Has Exercised Options 1 & 2, Showing its Commitment to the Site
- Additional Income from Easement Agreement with Adjacent Chick-fil-A Parcel - Chick-fil-A Represents ~40% of the Income
- Strategic High-Traffic Infill Location in Car- Dependent North Phoenix Suburb - 69,261 Combined ADT
- 17 Miles from Downtown Phoenix in Established Northwest Phoenix Submarket
OVERVIEW
O'Reilly Auto Parts property with additional income from an easement agreement with the adjacent Chick-fil-A parcel, located in Glendale within the Phoenix MSA. The property features a long-term corporate NNN lease to O’Reilly at a well-established location operating since 2010 that has exercised multiple renewal options, complemented by additional income from a Chick-fil-A drive-thru easement.
In Association with Scott Reid & ParaSell, Inc. | A Licensed Arizona Broker #CO709902000
Inquiries by residents and properties owners of the State are to be made to Scott Reid.
FOR SALE DETAILS
PRICE
$3,381,000 USD
PRICE/SF
$483 USD /SF
CAP RATE
4.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
O'Reilly Auto Parts & Chick-fil-A
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Auto Repair
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1999
SPRINKLERS
-
PARKING SPACES
53
LAND DETAILS
LAND ACRES
0.79 AC
LAND SF
34,412 SF
ZONING
C-2, Glendale
APN/PARCEL ID
200-73-005G,200-73-005X
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510-289-1166
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510-289-1166
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