SWC Lindsay Road & Germann Rd - Car Washes FOR SALE


Gilbert, AZ 85297- South Gilbert
$2,286,000 USD
602-687-6780
SWC Lindsay Road & Germann Rd, Gilbert, AZ for Sale
$2,286,000 USD
Car Washes - FOR SALE
1/4
null | 5.25% Cap Rate

SWC Lindsay Road & Germann Rd
Gilbert, AZ 85297
South Gilbert


HIGHLIGHTS

  • Brand New 20-Year Absolute Triple-Net (NNN) Ground Lease - 2025 Construction
  • 10% Rental Increases Every 5 Years with Multiple Renewal Options
  • High-Traffic Location at the Corner of Lindsay and Germann Roads - 54,350+ Combined Cars per Day
  • 314,534 Residents within a 5-Mile Radius - Growing Trade Area in the Phoenix MSA
  • Households and Population Projected to Increase Roughly 13% within 1 Mile by 2029
  • Immediate Access to the Loop 202 Freeway via a Recently Completed Diamond Interchange, Providing Direct Connection to Phoenix's East Valley

OVERVIEW

Founded in Arizona in 1997, Cobblestone is a premier car care destination with roughly 112 locations throughout Arizona and Colorado. Cobblestone's goal is to deliver a fast, high quality to its customers, while at the same time delivering excellent customer service. As part of the Phoenix MSA, Gilbert, Arizona has evolved into one of the fastest growing communities and the largest town in the United States. Encompassing 72.6 square miles, just southeast of Phoenix, Gilbert has transformed from an agricultural community to a thriving and economically-diverse suburban community.

FOR SALE DETAILS

PRICE

$2,286,000 USD

PRICE/SF

$635 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

-

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cobblestone Auto Spa - Abs NNN Ground Lease

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

ADD'L SUBTYPES

Car Wash

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.16 AC

LAND SF

50,638 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Christopher LindMarcus & MillichapMore Info
602-687-6780

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Christopher LindMarcus & MillichapMore Info
602-687-6780

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