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23683 S Power Rd Queen Creek, AZ 85142

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For Sale
$3,550,000

New 15-year NNN ground lease with corporate guaranty.

Property size:
950 SF
Lot size:
4.68 Acres

Property Features for 23683 S Power Rd

General Information

Size
950 SF
Lot size
4.68 Acres

Source: Marcus & Millichap | Phoenix Agent Mark Ruble

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

NNN Ground Lease Opportunity

This property features a new 15-year absolute NNN ground lease with a corporate guaranty. The lease includes 10% rental increases every 5 years, along with multiple renewal options. The location benefits from high traffic volume, with over 35,800 cars per day at the corner of Chandler Heights Boulevard and Power Road. The property is situated near major tenants, including Bashas', McDonald's, and Burger King. The property size is 950 square feet.
Location Intelligence

Current Use by Public Records

Storefront properties

Suggested Use

Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Queen Creek
County
Maricopa
State
Arizona
Longitude
-111.6852362
Latitude
33.2349698

FAQs

What type of property is this?
Storefront property - New 15-year NNN ground lease with corporate guaranty.
Where is this storefront property located?
The property is located at 23683 S Power Rd Queen Creek, AZ.
What is the asking price?
The asking price for this property is $3,550,000.
What are key features of this property?
This property features: - New 15-Yr Absolute NNN Ground Lease with Corporate Guaranty; - 10% Rental Increases Every 5 Years with Multiple Renewal Options; - **35,800+ Cars/Day at the Corner of Chandler Heights Blvd & Power Rd**
More about this property
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