Pep Boys | 810 E Greenway Pky
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Pep Boys 810 E Greenway Pky
4,520 SF Retail Building Phoenix, AZ 85022 $2,200,000 ($487/SF) 5.21% Cap Rate
Investment Highlights
- Triple Net Lease (NNN)
- Early Renewed Lease for another 5 years
- Corporate Guaranty
- Long Standing Tenant
- Great Passive Opportunity
Executive Summary
Long standing tenant (Pep Boys) and just early renewed their Option Term for another 5 years. Strong corporate guaranty from the parent Company. Two more 5 year Option Terms with 10% increases each term. Excellent location along a busy arterial in a strong demographic area.
Ideal passive investment for an out-of-state investor or a 1031 exchange buyer!
Ideal passive investment for an out-of-state investor or a 1031 exchange buyer!
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
4,520 SF
Building Class
B
Year Built
1995
Price
$2,200,000
Price Per SF
$487
Cap Rate
5.21%
NOI
$114,708
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Land Acres
0.71 AC
Zoning
C-R - Commercial
Amenities
- Air Conditioning
Walk Score ®
Very Walkable (79)
Bike Score ®
Very Bikeable (75)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 214-16-238 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $106,205 |
PROPERTY TAXES
Parcel Number
214-16-238
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$106,205
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Steve Schnitzer - Steven J Schnitzer Ltd
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Steven J Schnitzer Ltd
Pep Boys | 810 E Greenway Pky
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