4728 East Ray Road
Phoenix, AZ
Price:
$2467000
Cap Rate:
4.50%
NOI:
$111,000
Building Size:
Approx. 2973 Sq. Ft.
Lot Size:
Approx. 0.74 Acres
Type:
Single-Tenant / Retail
Sub Category:
QSR
Year Built:
2016
Investment Overview
- 2016 Construction. 2,972+/- SF Building on .74+/- Acre Site
- 20-Yr Corp Ground Lease w/ 10% Rent Bumps Every 5-Yrs
- Located along E. Ray Rd. (40,000 VPD), just W of I-10 (155,000 VPD)
- Target Outparcel | Near Best Buy, CVS, Chick-fil-a, Wendy’s, Pizza Hut
- Area Attractions: Chase Field| Phoenix Zoo| Camelback Mountain
- Phoenix is ranked as the 3rd fastest growing city in the U.S – Forbes Magazine
- 11-Miles S of Arizona State University (83,301 Enroll.) | 36-Miles SE of Luke Air Force Base
- 5-Mile Radius: 2015 Estimated Population: 190,168 l 3-Mile Average HH Income: $92,022
- Phoenix – Mesa – Glendale (MSA): 12th Largest MSA in the U.S | Population: 4,574,351