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670 W Ray Rd 2,512 SF Retail Building Gilbert, AZ 85233 $2,020,357 CAD ($804.28 CAD/SF) 4.85% Cap Rate
Investment Highlights
- Brand New 15-Year Lease & Renovation – Features a 2025 lease execution with just under 14 years remaining
- Absolute Triple Net (NNN) Lease Structure – A passive, “hands off” investment with zero landlord responsibilities
- Fee Simple Ownership – Includes ownership of the building and land, allowing for full depreciation and advantages not found in ground lease structure
- Below Market Rent – Rental rate is below the market average for an automotive asset, providing long term security and maximizing tenant profitability
- Low Price Point – Offered at a significantly lower entry price than typical Valvoline assets in the Phoenix MSA
- Built in Rent Increases – 10% Rent Increases Every 5 Years to provide a definitive hedge against inflation and compounding rent growth
Executive Summary
Name
David Harrington
Company
Matthews Real Estate Investment Services, Inc
Firm & License
License # CO701910000, BR715518000 (AZ)
Address
4110 N Scottsdale Rd Suite 100, Scottsdale, AZ 85251
Phone
(866) 889-0550
David Harrington
Company
Matthews Real Estate Investment Services, Inc
Firm & License
License # CO701910000, BR715518000 (AZ)
Address
4110 N Scottsdale Rd Suite 100, Scottsdale, AZ 85251
Phone
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,512 SF
Building Class
B
Year Built
1999
Price
$2,020,357 CAD
Price Per SF
$804.28 CAD
Cap Rate
4.85%
NOI
$97,957 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.44 AC
Zoning
CC, Gilbert - Community Commercial
Frontage
118’ on W Ray Rd
Amenities
- Signage
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 302-82-955 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $102,012 CAD |
Property Taxes
Parcel Number
302-82-955
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$102,012 CAD
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670 W Ray Rd
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