21137 E Rittenhouse Rd - Freestanding FOR SALE


Queen Creek, AZ 85142
$2,355,000 USD
203-419-5385
21137 E Rittenhouse Rd, Queen Creek, AZ for Sale
$2,355,000 USD
Freestanding - FOR SALE
1/5
null | 5.42% Cap Rate

21137 E Rittenhouse Rd
Queen Creek, AZ 85142


HIGHLIGHTS

  • 100% occupied, two-tenant, net leased investment opportunity at the Cornerstone at Queen Creek retail center.

OVERVIEW

The Subject Offering is a Two Tenant NNN leased investment in the rapid growth city of Queen Creek Arizona. Bahama Bucks is an original Tenant at the building since 2018. Bahama Bucks is a national brand shaved ice company with 130 US locations with signature soft “Sno” available in hundreds of fl avor combos. This location is franchisee operated. Yoga Haus is operated by a local entrepreneur offering catered services such as Yoga, Sauna, and Cold Plunge treatments to the community. Tenants are on attractive lease term lengths and each lease including annual increases--Bahama Bucks 10-year lease with 5-year renewal option-2% Annual Increases--Yoga Haus 5-year lease with a 5-year renewal option-2% Annual Increases. This passive investment boasts construction that’s only approx. 7 years old, features that secure long-term stability such as under market rents and drive-thru end cap.

FOR SALE DETAILS

PRICE

$2,355,000 USD

PRICE/SF

$673 USD /SF

CAP RATE

5.42%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,588 SF

ZONING

CG

APN/PARCEL ID

304-66-828

ASK ABOUT THIS PROPERTY

Kyle DavisCommercial Properties, Inc.More Info
203-419-5385

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Kyle DavisCommercial Properties, Inc.More Info
203-419-5385

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.