2694 Market st - Auto Repair FOR SALE


Gilbert, AZ 85295
$1,566,000 USD
404-441-3849
2694 Market st, Gilbert, AZ for Sale
$1,566,000 USD
Auto Repair - FOR SALE
1/3
null | 5% Cap Rate

2694 Market st
Gilbert, AZ 85295


HIGHLIGHTS

  • Established in 1984, Take 5 Oil Change is one of the largest quick lube chains in the United States
  • Corporate Guaranty
  • NNN Ground Lease
  • Population of 122,900, over 40,600 households, and an average household income of $158,303 within a 3-mile radius
  • 8.3 MSF of retail, 3.3 MSF of office, 1.8 MSF of industrial, and 8,812 multifamily units within a 3-mile radius
  • Directly across from SanTan Village Marketplace – a 675,000-square-foot power center anchored by Walmart Supercenter and Sam’s Club

OVERVIEW

CBRE is pleased to exclusively offer for sale a ±13.5-year Take 5 Oil Change NNN ground lease situated on 0.64 acres in Gilbert, AZ—a component of the Phoenix-Mesa-Chandler, AZ MSA (Population 5.1M). Take 5’s 1,315-square-foot building was recently constructed in 2023, and its ground lease features a 10% rent increase every 5 years throughout the initial term (in 2028 & 2033) and in each of the three 5-year renewal options.

FOR SALE DETAILS

PRICE

$1,566,000 USD

PRICE/SF

$1,191 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Take 5 Oil Change: Gilbert, AZ

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.64 AC

LAND SF

27,878 SF

ZONING

-

APN/PARCEL ID

313-21-979

ASK ABOUT THIS PROPERTY

Christopher BosworthCBRE, Inc.More Info
404-441-3849

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

Christopher BosworthCBRE, Inc.More Info
404-441-3849

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