Classic Collision Apache Junction, AZ

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+

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