191 N Rennick Dr
Apache Junction, AZ
Price:
$3,200,000
Cap Rate:
7.50%
NOI:
$240,000
Building Size:
Approx. 18,900 Sq. Ft.
Lot Size:
Approx. 0.44 Acres
Type:
Single-Tenant / Retail
Sub Category:
Automotive Service
Year Built:
2024
Investment Overview
- 2024 Renovation. 18,900+/- SF Buildings on 1.44+/- Acre Site
- 10-Year NN Lease with (3) 5-Year Option to Renew and a $21,000 Rent Increase Every Month in Years 6-10
- Excellent Demographics in Growing Area of Phoenix MSA -126,790 Residents w/in 5 Mi. w/ an Avg. HH Income of ~$100,000
- Less than a Mile from Central Arizona College (Superstition Mountain Campus)
- Apache Junction, AZ is Experiencing Major Growth & Development Driven by its Proximity to the Phoenix MSA
- Phoenix is the 5th Largest City in the Country, w/ One of the Fastest-Growing Job Markets & Economies
- Apache Junction | In Phoenix MSA & Projected to add 30k Residents Over Next Decade | Phoenix Population: 1.72M+