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O'Reilly Auto Parts & Chick-fil-A 6010 W Thunderbird Rd 7,000 SF Retail Building Glendale, AZ 85306 $4,631,970 CAD ($661.71 CAD/SF) 4.75% Cap Rate
Investment Highlights
- Long-Term Corporate NNN Lease to O’Reilly with ~9.5 Years Remaining
- Additional Income from Easement Agreement with Adjacent Chick-fil-A Parcel - Chick-fil-A Represents ~40% of the Income
- 17 Miles from Downtown Phoenix in Established Northwest Phoenix Submarket
- Tenant Has Operated at the Site Since 2010 and Has Exercised Options 1 & 2, Showing its Commitment to the Site
- Strategic High-Traffic Infill Location in Car- Dependent North Phoenix Suburb - 69,261 Combined ADT
Executive Summary
O'Reilly Auto Parts property with additional income from an easement agreement with the adjacent Chick-fil-A parcel, located in Glendale within the Phoenix MSA. The property features a long-term corporate NNN lease to O’Reilly at a well-established location operating since 2010 that has exercised multiple renewal options, complemented by additional income from a Chick-fil-A drive-thru easement.
In Association with Scott Reid & ParaSell, Inc. | A Licensed Arizona Broker #CO709902000
Inquiries by residents and properties owners of the State are to be made to Scott Reid.
In Association with Scott Reid & ParaSell, Inc. | A Licensed Arizona Broker #CO709902000
Inquiries by residents and properties owners of the State are to be made to Scott Reid.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
7,000 SF
Building Class
B
Year Built/Renovated
1999/2010
Price
$4,631,970 CAD
Price Per SF
$661.71 CAD
Cap Rate
4.75%
NOI
$220,037 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.79 AC
Zoning
C-2, Glendale
Parking
53 Spaces (7.57 Spaces per 1,000 SF Leased)
Amenities
- Monument Signage
Moderately walkable
60/100
Moderately drivable
60/100
Limited public transit
30/100
Exceptionally bikeable
90/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $13,992 CAD | Total Assessment | $238,429 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$13,992 CAD
Improvements Assessment
$0 CAD
Total Assessment
$238,429 CAD
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O'Reilly Auto Parts & Chick-fil-A | 6010 W Thunderbird Rd
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