TOWNSHIP PLAZA MULTI-TENANT SHOP PAD 1851 E Baseline Rd 5,552 SF 100% Leased Retail Building Gilbert, AZ 85233 $2,600,000 ($468.30/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Multi-tenant shops pad that is 100% leased to internet resistant, service-based tenants
- Annual rent increases provide enhanced future cash-on-cash returns
- Just over 1 mile from both Heritage District in downtown Gilbert and from the US-60 freeway
- Two traffic-drawing shadow anchors in Fry's Marketplace and Paul's Ace Hardware
- Excellent visibility at a high traffic, dynamic retail intersection
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,552 SF
Building Class
B
Year Built
2004
Price
$2,600,000
Price Per SF
$468.30
Cap Rate
6%
NOI
$155,921
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
0.51 AC
Zoning
C-2, Gilbert
Parking
45 Spaces (8.14 Spaces per 1,000 SF Leased)
Frontage
116’ on E Baseline Rd
AMENITIES
- Bus Line
Walk Score®
Very Walkable (74)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 310-05-236A | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $119,763 |
