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Ironwood & Pima Center | Newly Built South of SEC of Ironwood and Pima Rd 9,002 SF 100% Leased Retail Building San Tan Valley, AZ 85140 $11,908,451 CAD ($1,322.87 CAD/SF) 5.75% Cap Rate

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Investment Highlights

  • Brand New Construction & Leases | 100% Occupied | Freestanding Pad with Drive-Through Access | NNN Leases | Scheduled Rental Increases
  • Strong Demographics In 5-Mile Trade Area
  • Master-Planned Communities | Nearby Flourishing Commercials

Executive Summary

• The property is newly built and looking at complete construction in 2024, featuring state-of-the-art, brand new construction with modern amenities and design
• 100% occupied, generating steady cash flow for a new owner
• Dutch Bros is on its own pad with drive-through access
• All tenants operate under NNN Leases, limiting expense leakage for future investors. Ideal low-management for a passive investor
• All leases have scheduled rent increases throughout the initial term and the option period, 57% of rental revenue features RARE ANNUAL INCREASES, steadily growing NOI and hedging against inflation
Subway (Limited corporate guaranty, franchisee Guaranty
Dominos (Corporate guaranty)
Yogi’s (Franchisee Guaranty)
Dutch (Corporate Guaranty)
Filibertos (Franchisee Guaranty)
Pink Nails (Franchise Guaranty)

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
9,002 SF
Building Class
B
Year Built
2025
Price
$11,908,451 CAD
Price Per SF
$1,322.87 CAD
Cap Rate
5.75%
NOI
$684,763 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.08
Lot Size
2.63 AC
Zoning
C-3 - General Commercial
Parking
104 Spaces (11.55 Spaces per 1,000 SF Leased)
Frontage
483’ on North Ironwood Road

Amenities

  • Restaurant
  • Signage
  • Drive Thru

Nearby Major Retailers

Freddy's Frozen Custard & Steakburgers
Filiberto's Mexican Food
Anytime Fitness
La Fitness
Starbucks
Safeway
Salad and Go

Property Taxes

Property Taxes

Parcel Number
104-24-003W
Land Assessment
$551,005 CAD
Improvements Assessment
$0 CAD
Total Assessment
$551,005 CAD
  • Listing ID: 32323143

  • Date on Market: 2024-07-02

  • Last Updated:

  • Address: South of SEC of Ironwood and Pima Rd, San Tan Valley, AZ 85140

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