5854 East Longbow Parkway
Mesa, AZ
Price:
$4,750,000
Cap Rate:
4.00%
NOI:
$190,000
Building Size:
Approx. 4,412 Sq. Ft.
Lot Size:
Approx. 1.89 Acres
Type:
Single-Tenant / Retail
Sub Category:
Casual Dining
Year Built:
2022
Investment Overview
- 2022 Construction. 4,412+/- SF Building on 1.89+/- Acre Site
- Brand New Sale Lease-Back w/ Stine Investments, LLC
- 20 Yr Abs. NNN Lease w/ 8% Rental Increases Every 5 Yrs, Including Options
- Excellent Location Along Longbow Parkway Adjacent to Red Mountain Fwy (71K VPD)
- Near Target, The Home Depot, PetSmart, Walmart Supercenter, Staples, Kohl’s, Mattress Firm
- Strong Income Demos w/ an est. $109,867 within a 3-Mile Radius
- Mesa | Second Largest City in Phoenix-Mesa MSA | Population: 517,981+