Take 5 Oil | 15-Year Ground Lease | 24988 S Ellsworth Rd
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Take 5 Oil | 15-Year Ground Lease 24988 S Ellsworth Rd
1,405 SF Retail Building Queen Creek, AZ 85142 $1,600,000 ($1,139/SF) 5% Cap Rate
Investment Highlights
- Below market rent, creating secured cash flow and long-term upside
- 15-year absolute NNN corporate guarantee ground lease; landlord has ZERO responsibilities
- New construction; freestanding building with drive-thru bays
- Average household income is over $165,000 within a 1-mile radius
- Strong 10% rent increases every 5 years through the primary term and three five-year option periods
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
1,405 SF
Year Built
2023
Price
$1,600,000
Price Per SF
$1,139
Cap Rate
5%
NOI
$80,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.90 AC
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 314-02-913 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $109,682 |
PROPERTY TAXES
Parcel Number
314-02-913
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$109,682
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Take 5 Oil | 15-Year Ground Lease | 24988 S Ellsworth Rd
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