6806 E Brown Rd - Service Station FOR SALE


Mesa, AZ 85207- Red Mountain
$6,290,000 USD
480-221-4221
6806 E Brown Rd, Mesa, AZ for Sale
$6,290,000 USD
Service Station - FOR SALE
1/9
null | 6.35% Cap Rate

6806 E Brown Rd
Mesa, AZ 85207
Red Mountain


HIGHLIGHTS

  • ~18 Years Remaining | Annual Rental Increases | Well-Known & Established Tenant | Experienced Operator
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities | Bonus Depreciation
  • Signalized, Hard-Corner Intersection (42,700 VPD) | Excellent Visibility & Access | Significant Street Frontage
  • Dense, Regional Retail Corridor Nearby | Red Mountain High School (3,460 Students)
  • Direct Consumer Base | Phoenix MSA | Strong Demographics in 5-Mile Trade Area

OVERVIEW

SRS Real Estate Partners-West, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, 76 Gas Station property located in Mesa, Arizona (Phoenix MSA). The tenant, LV Petroleum, LLC, has approximately 18 years of lease term remaining with 4 (20-year) options to extend, demonstrating their commitment to the site. The lease features annual 3% rental increases throughout the initial term, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making this an ideal, management-free investment opportunity for a passive investor. 76 Gas Station is a well-known and established gas station chain with over 1,700 locations across the country. LV Petroleum, LLC is an experienced developer and operator of convenience stores and gas stations in Nevada and Arizona. Fee simple ownership of a convenience store qualifies for bonus depreciation (see page 20 for details).

FOR SALE DETAILS

PRICE

$6,290,000 USD

PRICE/SF

$1,923 USD /SF

CAP RATE

6.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

76 Gas Station | 18yr Abs NNN w/ Annual Incr

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.82 AC

LAND SF

35,538 SF

ZONING

LC

APN/PARCEL ID

218-04-087A

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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