Log In/Sign Up
Your email has been sent.
Meineke Car Care 6757 E Southern Ave 2,507 SF Retail Building Mesa, AZ 85206 $2,250,608 CAD ($897.73 CAD/SF) 6.25% Cap Rate
Investment Highlights
- Absolute NNN lease with zero landlord responsibilities for truly passive income.
- Biannual CPI-based rent increases capped at 2% throughout the lease term.
- ±2,507 SF building on a ±0.57-acre outparcel to Superstition Springs Mall.
- Multi-layered guarantee structure with five distinct sources of lease guarantee.
- Prime Southern Avenue frontage with ±62,000 VPD and major retail co-tenancy.
- Dense, affluent Mesa trade area with 119,000+ residents within 5 miles.
Executive Summary
David Harrington
Matthews Real Estate Investment Services, Inc
License # CO701910000, BR715518000 (AZ)
4110 N Scottsdale Rd Suite 100, Scottsdale, AZ 85251
(866) 889-0550
Matthews Real Estate Investment Services, Inc
License # CO701910000, BR715518000 (AZ)
4110 N Scottsdale Rd Suite 100, Scottsdale, AZ 85251
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
2,507 SF
Building Class
B
Year Built
1999
Price
$2,250,608 CAD
Price Per SF
$897.73 CAD
Cap Rate
6.25%
NOI
$140,704 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.57 AC
Zoning
C-2, Mesa
Parking
15 Spaces (5.98 Spaces per 1,000 SF Leased)
Frontage
115’ on Southern
Amenities
- Monument Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Services
- -
- -
- -
Since opening its first location in Houston, Texas, in 1972, Meineke has built a network of locally owned car care centers operated by experienced automotive professionals. The company offers a range of services and programs, including employment opportunities and financing options, designed to support both customers and franchise partners.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Services | - | - | - |
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 141-54-035F | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $137,529 CAD |
Property Taxes
Parcel Number
141-54-035F
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$137,529 CAD
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Meineke Car Care | 6757 E Southern Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.