9110 W Thomas Rd Phoenix, AZ 85037

This property features a 4,650 square foot building on a 1.26 acre site, scheduled for construction in 2025. The property qualifies for 100% bonus depreciation. It is subject to a new 15-year absolute NNN corporate lease with 7.5% rent increases every 5 years in both the primary term and the three 5-year option periods. The property is adjacent to the Algadon Development, a master-planned, mixed-use commercial project encompassing over 1.3 million square feet on over 94 acres. Situated at the intersection of Thomas Road, with over 28,800 vehicles per day, and N 91st Avenue, with over 18,996 vehicles per day, the location is just off Loop 101, with over 143,500 vehicles per day, and just north of I-10, with over 188,300 vehicles per day. It is located across from Banner Estrella Medical Center, which has 317 beds, and Phoenix Children’s Ophthalmology, ranked among the “Best Children’s Hospitals”. The tenant, 7-Eleven, is the largest chain store operator in the world with over 85,000 locations worldwide and holds an S&P rating of A. The property is located in Phoenix, the nation’s most populated capital and the 11th largest metro area, with a population of over 1.72 million.