$2,307,692
Commercial Property for Sale in Sierra Vista Arizona 85635
Sierra Vista, Arizona
Soft OfferCommercial Property for Sale in El Mirage Arizona 85335
13051 W Thunderbird Rd, El Mirage, Arizona 85335
$3,980,764
$1,488 / sq ft 5.5% cap rate Listed Oct 9, 2024
2,675 sqft
Building
2,675 sqft
Lot
2024
Built
1
Stories
1
Units
Class B
Class
About this property
Commercial Property for Sale in El Mirage Arizona 85335 is a retail for sale in El Mirage, Arizona, listed at $3,980,764. Key details: year built 2024, building size 2,675 sqft, lot size 2,675 sqft, stories 1. Listed by Tim Westfall of Echo West Capital Advisors on LoopingCloud and last updated October 9, 2024.
This property offers a rare 20-year lease with Jiffy Lube, featuring 10% rental increases every 5 years and four 5-year renewal options. It is a hands-off, NNN lease with zero landlord responsibilities, providing an ideal passive investment.
The brand-new 2024 build is a Multi-Care prototype, expanding Jiffy Lube’s services to include tires, brakes, transmissions, and more. Operated by Arizona’s largest Jiffy Lube franchisee, it is located in a densely populated, high-growth area with over 250,000 residents within 5 miles and heavy traffic from over 45,000 vehicles per day at a prime retail intersection. It is also adjacent to a Wal-Mart Supercenter and other major retailers, ensuring strong customer visibility.
Key highlights
- Brand/Tenant Jiffy Lube
- Lease Term 20 years
- Lease Type Absolute NNN
Lending Opportunities
| Company | Lender type | Contact | Phone | |
|---|---|---|---|---|
| TheLoanProsTeam | Mortgage Broker | Roxanne Chung | (754) 707-5877 | |
| Money Solutions, LLC | Mortgage Broker | Jennifer A. Judice | (813) 431-5000 |
Property details
Key facts
- Year Built
- 2024
- Building Size
- 2,675 sqft
- Lot Size
- 2,675 sqft
- Stories
- 1
- Total Units
- 1
- Building Class
- Class B
- Occupancy
- 100%
- Property Status
- Normal Sale
- Building Status
- Existing
Pricing details
- Net Operating Income
- $218,942
- Financing
- Third Party Financing
- Investment Property
- Active investment property
Investment snapshot
5.5%
Cap rate
$218,942
Net operating income
$1,488
Price per sq ft
Acquisition options
| Option | Asking price | Cap rate | Commission | Monthly income | Ownership |
|---|---|---|---|---|---|
| Purchase Only | $3,980,764 | 550% | - | - | - |
| Purchase Only | $3,980,764 | 550% | - | - | - |
Features and amenities
Prominent Tenants
- Brand/Tenant Jiffy Lube
- Lease Term 20 years
- Lease Type Absolute NNN
Highlights
- Quality 2024 build-to-suit construction to accommodate Jiffy Lube’s new Multi-Care concept which offers an expanded suite of automotive repair services including, but not limited to, tires, brakes, transmissions, and oil/lube.
- The subject property benefits from the 250,000+ people living with the immediate 5 miles along with 765,000+ people within 10 miles. Surprise/El Mirage is one of the fastest growing cities in Maricopa County with over 7,500 new residential units either pl
Location
Address as shown by the lister.
Get directionsAbout this area - El Mirage
- Population
- 7,676
- Housing units
- 3,179
- Land area
- 12.0 sq mi
- County
- Maricopa
Neighborhood
Places shown on the map come from Google Maps and are near the property. Check details with each place before you rely on them.
Documents, links and contacts
Property documents
1 file to downloadLinks
1 linkFrequently asked questions
What is the asking price of Commercial Property for Sale in El Mirage Arizona 85335?
Commercial Property for Sale in El Mirage Arizona 85335 is listed at $3,980,764. That works out to about $1,488 per square foot. The stated cap rate is 5.5%.
Where is Commercial Property for Sale in El Mirage Arizona 85335 located?
The property is in 13051 W Thunderbird Rd, El Mirage, Arizona 85335, Maricopa County.
What type of property is this?
This is a retail for sale in the commercial category.
How big is the property?
The building is 2,675 sqft. The lot is 2,675 sqft.
Is financing available?
The lister indicates: Third Party Financing.
Who do I contact about this listing?
Tim Westfall of Echo West Capital Advisors listed this property. Use the Request Info button to send a message or call (602) 628-6298.
When was this listing published?
It was published on October 9, 2024 and last updated on October 9, 2024.
Listing information
- Listing ID
- CL-Arizona-12374
- Published
- Oct 9, 2024
- Last updated
- Oct 9, 2024
- Views
- 298
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