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Lion's Den Absolute NNN Lease Year 12 of 20 16265 E Peak Ln 2,400 SF Retail Building Picacho, AZ 85141 $1,795,609 CAD ($748.17 CAD/SF) 5.03% Cap Rate
Investment Highlights
- Located on Exit 219 and I-10 adjacent to Picacho Peak State Park
Executive Summary
NNN Lease in year 12 of 20 year lease; 3% annual increases; Current Mo. Rent at $5,536.93 and Annualized at $66,443.16; Next 3% increase on 11.01.2023 with increased Mo. Rent Adjustment of $5,703.02.
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$90,383
|
$37.66
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $90,383 |
| Annual Per SF | $37.66 |
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
2,400 SF
Building Class
C
Year Built/Renovated
1987/2012
Price
$1,795,609 CAD
Price Per SF
$748.17 CAD
Cap Rate
5.03%
NOI
$90,383 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.50 AC
Opportunity Zone
Yes
Zoning
CB-2, Pinal County - Commercial CB-2 GENERAL BUSINESS ZONE
Any use permitted in PCDSC 2.85.010(B) through (J) (TR transitional zone) and in PCDSC 2.90.010 (CB-1)
Parking
20 Spaces (8.33 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Freeway Visibility
- Security System
- Signage
- Accent Lighting
- Storage Space
- Monument Signage
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Lion's Den
- Retailer
- 2,400 SF
- $37.65 CAD
- Triple Net
- Oct 2031
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Lion's Den | Retailer | 2,400 SF | $37.65 CAD | Triple Net | Oct 2031 |
Property Taxes
| Parcel Number | 410-05-005B | Improvements Assessment | $151,439 CAD (2025) |
| Land Assessment | $29,100 CAD (2025) | Total Assessment | $180,538 CAD (2025) |
Property Taxes
Parcel Number
410-05-005B
Land Assessment
$29,100 CAD (2025)
Improvements Assessment
$151,439 CAD (2025)
Total Assessment
$180,538 CAD (2025)
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Rom-Hoc, LLC
Lion's Den Absolute NNN Lease Year 12 of 20 | 16265 E Peak Ln
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