Goodwill and EOS Fitness Two Tenant Net Lease 4949 W Ray Rd 62,071 SF 100% Leased Retail Building Chandler, AZ 85226 $14,506,762 ($233.71/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% leased to two strong credit tenants
- Diverse internet proof rent roll with strong discount retailer and gym operator
- Affluent trade area with average household incomes over $166,000 in a 1-mile radius
- EOS operates 125 locations in 6 states with 51 locations planned to open in the next 3 years
- Goodwill of Northern and Central Arizona has more than 104 stores and donation centers throughout Arizona
- Strong retail intersection with other national tenants such as Fry’s Grocery, Starbucks, Taco Bell, Jack in the Box and more
EXECUTIVE SUMMARY
• 100% leased to two strong credit tenants
• EOS operates 125 locations in 6 states with 51 locations planned to open in the next 3 years
• Diverse internet proof rent roll with strong discount retailer and gym operator
• Goodwill of Northern and Central Arizona has more than 104 stores and donation centers throughout Arizona
• Potential upside in the Goodwill space due to below market rent in place
LOCATION HIGHLIGHTS
• Affluent trade area with average household incomes over $166,000 in a 1-mile radius
• High traffic counts (Rural Road & Ray Road: ±58,073 VPD)
• Strong retail intersection with other national tenants such as Fry’s Grocery, Starbucks, Taco Bell, Jack in the Box and more
• ±2.5 miles from 3 major freeways I-10, Loop 202 and Loop 101
Check out our property video in the link below!
https://vimeo.com/1009803767?share=copy
PROPERTY FACTS
AMENITIES
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Monument Signage
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Arts, Entertainment, and Recreation
- -
- -
- Triple Net
- Oct 2035
EoS Fitness is dedicated to creating loyal, lifelong fans and exercise practitioners by offering the ultimate trifecta of Energy, Optimum Value, and Serious Fitness. The team, drawn together from diverse backgrounds and life experiences, is committed to helping members overcome the biggest hurdle—just showing up. Once inside, members experience a vibrant atmosphere, top-notch amenities, and unbeatable value that leaves them with a renewed commitment to their fitness journey. Founded by CEO Rich Drengberg, a true "gym rat" who started behind the front desk in the '80s, EoS Fitness strives to revolutionize the gym experience and inspire lifelong fitness.
-
- Retailer
- -
- -
- Triple Net
- Jul 2028
Goodwill was founded in Boston by Reverend Edgar J. Helms, a Methodist minister and early social innovator. Helms created the Goodwill philosophy of “not charity, but a chance” when he collected used household goods and clothing in wealthier areas of the city, then trained and hired people who were poor to mend and repair the used goods. The goods were then sold or given to the people who repaired them. Over a century later, Goodwill remains a household name and leading nonprofit provider of educational and workforce-related services. Goodwill Industries International (GII) is based in Rockville, MD, outside of Washington, D.C. The Goodwill enterprise is a network of many community-based, autonomous organizations in the United States and Canada with a presence in a dozen other countries. To meet the needs of their local communities, each local Goodwill organization designs its own programs and services to help people find work near where they live.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Arts, Entertainment, and Recreation | - | - | Triple Net | Oct 2035 | |
|
|
Retailer | - | - | Triple Net | Jul 2028 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 301-67-966 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $967,932 |
