1075 North 67th Avenue
Phoenix, AZ
Price:
$2400000
Cap Rate:
5.00%
NOI:
$120,000
Building Size:
Approx. 2812 Sq. Ft.
Lot Size:
Approx. 1.17 Acres
Type:
Single-Tenant / Retail
Sub Category:
QSR
Year Built:
2015
Investment Overview
- New Construction | 2,812 SF building on 1.17+ acres
- 20-Yr Absolute NNN Lease, w/ 8% Rent Bumps Every 5-Yrs
- Located along N 67th Ave (21,000 Cars / Day), just S of Papago Fwy (223,000 Cars / Day)
- Near Lowe’s, Walmart, Starbucks, Chipotle, Walgreens, Wells Fargo, 7-Eleven, & McDonalds
- Adjacent to Flying J (3rd largest travel center chain) & Living Spaces Furniture (450,000 SF)
- Near Multiple Distribution Centers: CVS, O’Reilly, Sealy Mattress, Target, AutoZone ,Quick-Trip
- 3-Miles SE of Desert Sky Mall (800,000+ SF) | 18-Miles W of Arizona State University
- 3-Mile 2015 Estimated Population 143,762 | 3-Mile Average Household Income: $40,228
- Phoenix – Mesa – Glendale (MSA): 12th Largest MSA in the US | Population: 4,489,109