9895 S Priest Dr - Freestanding FOR SALE
Tempe, AZ 85284 |
$4,280,000 USD
602-342-9931
9895 S Priest Dr
Tempe, AZ 85284
HIGHLIGHTS
- Two tenant, fee simple property sitting on 1.3 acres of well-located real estate along the I-10 & Ray Road corridor
- High-credit, corporate guaranteed tenancy, with Black Rock Coffee Bar (NASDAQ: BRCB) who has over 175 locations nationally and 55+ locations in AZ
- Tested locations - this Black Rock Coffee is the company's 13th most trafficked locations in the nation
- Compounding income growth, with all tenants having 10% rent increases every five years in primary term and option periods
- Dynamic retail intersection with the regional shopping mall Chandler Pavillions just to the southwest and adjacent to the Shoppes at Casa Paloma
FOR SALE DETAILS
PRICE
$4,280,000 USD
PRICE/SF
$783 USD /SF
CAP RATE
5.2%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
TEMPE CROSSING
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Fast Food, Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2021
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.26 AC
LAND SF
54,886 SF
ZONING
PCC-2, City of Tempe
APN/PARCEL ID
308-16-046
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602-342-9931
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602-342-9931
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