Single-Tenant Auto Collision
250 North Pasadena Street Gilbert, AZ 85233
New
250 North Pasadena Street, Gilbert, AZ, 85233
$2,370,000
For Sale
$2,370,000
9,551-square-foot retail/industrial facility built in 2000 on an absolute NNN lease with one tenant.
Property Size9,551 SF
Lot Size0.60 Acres
Price / SF$248.14
Days on Market5
Property Features for 250 North Pasadena Street
General Information
- Standard status
- Active
- Size
- 9,551 SF
- Lot size
- 0.60 Acres
- Property subtype
- Retail
Listing agency
Newmark
(480) 241-5146
Listed by
Jesse Goldsmith · License #SA586241000
(480) 241-5146
Source
Nmrk
Added: Jul 17 Updated: Jul 18 at 2:18AM Checked: Jul 20 at 3:34AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Newmark
Investment Insights
Based on property information with market context.
Newmark Capital Markets presents the opportunity to acquire Kaizen Collision Center, a 9,551-square-foot retail/industrial property built in 2000 and occupied by a single tenant under an absolute NNN lease. The asset is situated on 0.6 acres and is described as well maintained, offering 13+ years remaining on the lease.
Located in an industrial park on the northwest corner of McQueen Rd & Elliot Rd, the property is approximately two miles south of the US-60 Freeway and has visibility to over 60,000 vehicles per day. The center also benefits from placement directly off Arizona Ave.
This is a fee simple investment with an absolute NNN structure and a long remaining lease term.
Located in an industrial park on the northwest corner of McQueen Rd & Elliot Rd, the property is approximately two miles south of the US-60 Freeway and has visibility to over 60,000 vehicles per day. The center also benefits from placement directly off Arizona Ave.
This is a fee simple investment with an absolute NNN structure and a long remaining lease term.
Key Highlights
- 9,551‑square‑foot retail/industrial facility built in 2000
- Single‑tenant absolute NNN lease structure
- 13+ years remaining on the lease
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $162.7k | $17.04 |
| − Vacancy | −$12.2k | −$1.28 |
| EGI | $150.5k | $15.76 |
| − OpEx | −$45.2k | −$4.73 |
| NOI | $105.4k | $11.03 |
9,551 SF · lease $17.04/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.51M
$1.32M – $1.76M
NOI $105,380 @ 7.0% cap · market cap 4.45%
Second Best
Industrial
$987.2K
$863.8K – $1.15M
NOI $69,105 @ 7.0% cap · market cap 2.92%
Theoretical Best
Office A
$2.51M
$2.19M – $2.93M
NOI $175,534 @ 7.0% cap · market cap 7.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Al's Towing LLC ...
Auto Repair Shop
Kaizen Collision Center ...
Auto Repair Shop
Similar For Sale Nearby
Similar Off Market Nearby
- Chandler Custom Cycles — 2775 N Arizona Ave Ste 8, Chandler, AZ 85225
- Windows & Wheels Auto Detailing — 219 S William Dillard Dr STE 119, Gilbert, AZ 85233
- TMK Automotive — 170 S William Dillard Dr #5-113, Gilbert, AZ 85233
- Affordable Xcellence Window & Door — 219 S William Dillard Dr Bldg. 1, #105, Gilbert, AZ 85233
- KickAZ Cycles — 2775 N Arizona Ave Ste 8, Chandler, AZ 85225
FAQs
What type of property is this?
Auto shop - 9,551-square-foot retail/industrial facility built in 2000 on an absolute NNN lease with one tenant.
Where is this auto shop located?
The property is located at 250 North Pasadena Street Gilbert, AZ.
What is the asking price?
The asking price for this property is $2,370,000.
What are key features of this property?
This property features: 9,551‑square‑foot retail/industrial facility built in 2000; Single‑tenant absolute NNN lease structure; 13+ years remaining on the lease
