3317 S Val Vista Dr Gilbert, AZ 85297

This property features a brand new 20-year absolute triple-net (NNN) ground lease, constructed in 2025. The lease includes 12.5% rental increases every 5 years, along with multiple renewal options. The location offers high visibility along South Val Vista Drive, with accessibility to approximately 49,000 cars per day at the corner of Val Vista Drive and South Market Street. The surrounding area is a dense Gilbert trade area within the Phoenix MSA, with 302,800 residents within a 5-mile radius. The trade area is experiencing rapid growth, with projected household and population increases of 8-10% in the immediate area by 2029. The property is situated in Gilbert's primary commercial corridor, offering immediate proximity to SanTan Village Mall, SanTan Motorplex, Dignity Health Mercy Gilbert Medical Center, and the Veterans Affairs Health Clinic. The affluent trade area boasts an average household income exceeding $152,000 within a 3-mile radius. The location is just north of the Loop 202, a major connector for the Phoenix MSA. The property size is 837 square feet.