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Take 5 Oil Change | Tempe, AZ 1355 Elliot rd 1,723 SF Retail Building Tempe, AZ 85284 $3,658,706 CAD ($2,123.45 CAD/SF) 5.15% Cap Rate
INVESTMENT HIGHLIGHTS
- Take 5 Oil Change | Rare Corporate Ground Lease | Zero Landlord Responsibilities
- Strong Rent Growth - 10% Increases Every 5 Years
- 15-Year Primary Term | 2025 Construction
- Costco Outparcel with 2.3 Million Visits per Year (Placer.AI)
EXECUTIVE SUMMARY
- Direct frontage on Elliot Rd (52K VPD) and less than 1 Mile from I-10 Freeway
- Primary retail corridor surrounded by national retailers including Walmart, Ikea, Lifetime Fitness, PetSmart, At Home and a host of others
- Located in a dense residential area there are over 272K residents within 5-miles of the site
- Dense employment hub home to some of Arizona's largest employers Coca-Cola, Honeywell, American Airlines and Circle K
- Primary retail corridor surrounded by national retailers including Walmart, Ikea, Lifetime Fitness, PetSmart, At Home and a host of others
- Located in a dense residential area there are over 272K residents within 5-miles of the site
- Dense employment hub home to some of Arizona's largest employers Coca-Cola, Honeywell, American Airlines and Circle K
PROPERTY FACTS Under Contract
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Auto Repair
Building Size
1,723 SF
Building Class
B
Year Built
2025
Price
$3,658,706 CAD
Price Per SF
$2,123.45 CAD
Cap Rate
5.15%
NOI
$188,449 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.51 AC
AMENITIES
- Air Conditioning
NEARBY MAJOR RETAILERS
1 of 5
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Take 5 Oil Change | Tempe, AZ | 1355 Elliot rd
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