$1,485,000 USD
605-941-3721
670 W Ray Rd
Gilbert, AZ 85233
Downtown Gilbert
HIGHLIGHTS
- Brand New 15-Year Lease & Renovation – Features a 2025 lease execution with just under 14 years remaining
- Below Market Rent – Rental rate is below the market average for an automotive asset, providing long term security and maximizing tenant profitability
- Absolute Triple Net (NNN) Lease Structure – A passive, “hands off” investment with zero landlord responsibilities
- Low Price Point – Offered at a significantly lower entry price than typical Valvoline assets in the Phoenix MSA
- Fee Simple Ownership – Includes ownership of the building and land, allowing for full depreciation and advantages not found in ground lease structure
- Built in Rent Increases – 10% Rent Increases Every 5 Years to provide a definitive hedge against inflation and compounding rent growth
FOR SALE DETAILS
PRICE
$1,485,000 USD
PRICE/SF
$591 USD /SF
CAP RATE
4.85%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1999
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.44 AC
LAND SF
19,166 SF
ZONING
CC, Gilbert
APN/PARCEL ID
302-82-955
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605-941-3721
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605-941-3721
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