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2310 S Higley Rd - Cobblestone Auto Spa 5,897 SF Specialty Building Offered at $8,720,000 CAD at a 6.25% Cap Rate in Gilbert, AZ 85295
INVESTMENT HIGHLIGHTS
- Bonus Depreciation Opportunity
- Attractive Rent Escalations
- Long-Term 20-Year Absolute NNN Lease
- High-Performing Sector with Regional Dominance
EXECUTIVE SUMMARY
Surmount and Marcus and Millichap are pleased to present the exclusive listing for a Cobblestone Auto Spa located at 2310 S Higley Rd, Gilbert, AZ 85295. The site consists of roughly 5,897 rentable square feet of building space on an estimated 1.8-acre parcel of land. This Cobblestone Auto Spa is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $390,625 and has scheduled increases of 1.50% annually.
PROPERTY FACTS
| Price | $8,720,000 CAD | Building Class | C |
| Price Per SF | $1,478.72 CAD | Lot Size | 1.80 AC |
| Sale Type | Investment | Building Size | 5,897 SF |
| Cap Rate | 6.25% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2024 |
| Property Subtype | Car Wash |
| Price | $8,720,000 CAD |
| Price Per SF | $1,478.72 CAD |
| Sale Type | Investment |
| Cap Rate | 6.25% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 1.80 AC |
| Building Size | 5,897 SF |
| No. Stories | 1 |
| Year Built | 2024 |
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2310 S Higley Rd - Cobblestone Auto Spa
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