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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

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    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**
    (602) 770-2935
    Request Owner's contact information
    23683 S Power Rd Queen Creek, AZ 85142
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    Queen Creek, AZ 85142
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    23683 S Power Rd Queen Creek, AZ 85142
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