3317 S Higley Rd
Gilbert, AZ
Price:
$2400000
Cap Rate:
5.00%
NOI:
$120,000
Building Size:
Approx. 2934 Sq. Ft.
Lot Size:
Approx. 0.99 Acres
Type:
Single-Tenant / Retail
Sub Category:
QSR
Year Built:
2016
Investment Overview
- New Construction | 2,934 SF building on .99+ acres
- 20-Yr Absolute NNN Lease, w/ 8% Rent Bumps Every 5-Yrs
- Located along S Higley Rd (21,000 VPD) & E Pecos Rd (22,000 VPD)
- Pad site to future shopping center & near Valero, CVS, Chase, Fry’s
- Attractions: SanTan Village Life Style Center | Gilbert’s Riparian Preserve
- Gilbert is located 30-Miles SE of Phoenix | 3.5-Miles SW of ASU-Polytech (9,752 Enroll)
- 2-Mile Radius: 2016 Esti Population: 43,413| 1-Mile Average Household Income: $101,293
- Phoenix – Mesa – Glendale (MSA): 12th Largest MSA in the US | Population: 4,489,109