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Lion's Den Absolute NNN Lease Year 12 of 20 16265 E Peak Ln

2,400 SF Retail Building Picacho, AZ 85141 $1,320,000 ($550/SF) 5.03% Cap Rate

INVESTMENT HIGHLIGHTS

  • Located on Exit 219 and I-10 adjacent to Picacho Peak State Park

EXECUTIVE SUMMARY

NNN Lease in year 12 of 20 year lease; 3% annual increases; Current Mo. Rent at $5,536.93 and Annualized at $66,443.16; Next 3% increase on 11.01.2023 with increased Mo. Rent Adjustment of $5,703.02.

FINANCIAL SUMMARY (ACTUAL - 2023)

ANNUAL ANNUAL PER SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $66,443 $27.68

FINANCIAL SUMMARY (ACTUAL - 2023)

Gross Rental Income
Annual -
Annual Per SF -
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual -
Annual Per SF -
Net Operating Income
Annual $66,443
Annual Per SF $27.68

PROPERTY FACTS

Sale Type
Investment
Sale Conditions
1031 Exchange
Property Type
Retail
Property Subtype
Truck Stop
Building Size
2,400 SF
Building Class
C
Year Built/Renovated
1987/2012
Price
$1,320,000
Price Per SF
$550
Cap Rate
5.03%
NOI
$66,443
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.50 AC
Opportunity Zone
Yes
Zoning
CB-2, Pinal County - Commercial CB-2 GENERAL BUSINESS ZONE Any use permitted in PCDSC 2.85.010(B) through (J) (TR transitional zone) and in PCDSC 2.90.010 (CB-1)
Parking
20 Spaces (8.33 Spaces per 1,000 SF Leased)

AMENITIES

  • Corner Lot
  • Freeway Visibility
  • Security System
  • Signage
  • Accent Lighting
  • Storage Space
  • Monument Signage
  • Air Conditioning

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Lion's Den
  • Retailer
  • 2,400 SF
  • $27.68
  • Triple Net
  • Oct 2031
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Lion's Den Retailer 2,400 SF $27.68 Triple Net Oct 2031

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
410-05-005B
Land Assessment
$21,471 (2025)
Improvements Assessment
$111,738 (2025)
Total Assessment
$133,209 (2025)
  • Listing ID: 29180297

  • Date on Market: 8/3/2023

  • Last Updated:

  • Address: 16265 E Peak Ln, Picacho, AZ 85141

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