3317 S Val Vista Dr Gilbert, AZ 85297
New 20-year NNN ground lease in a growing area.
Property size:
837 SFLot size:
1.48 AcresProperty Features for 3317 S Val Vista Dr
General Information
- Size
- 837 SF
- Lot size
- 1.48 Acres
Source:
Moodyscre
Listing Agent: Chris Lind
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
New NNN Ground Lease Opportunity
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.
Location Intelligence
Current Use by Public Records
Storefront properties
Location Insight
- Map
- Local Demand
- City
- Gilbert
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.7550384
- Latitude
- 33.2915797
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FAQs
What type of property is this?
Storefront property - New 20-year NNN ground lease in a growing area.
Where is this storefront property located?
The property is located at 3317 S Val Vista Dr Gilbert, AZ.
What is the asking price?
The asking price for this property is $1,462,000.
What are key features of this property?
This property features: - Brand new 20-year absolute triple-net (NNN) ground lease, construction completed in 2025.; - Highly visible location on South Val Vista Drive, accessible by ±49,000 cars per day.; - 12.5% rental increases every 5 years with multiple renewal options.