Single-Tenant Auto Collision
For Sale
$2,370,000
250 North Pasadena Street, Gilbert, AZ 85233
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 Market96
Property Features for 250 North Pasadena Street
General Information
Standard status
Active
Size
9,551 SF
Lot size
0.60 Acres
Property subtype
Retail
Site & Location
Traffic Count
60,000 vehicles/day
Highway Access
Yes
Building Details
Year Built
2000
Tenancy
Single
Listing Agency:
Newmark | Phoenix
Listed By:
Jesse Goldsmith · License #SA586241000
(480) 241-5146
Source:
Nmrk
Added: Jul 17
Changed: Oct 16
Last Checked: Oct 19 at 5:48AM
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 | Phoenix
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$105,380
Cap Rate
4.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,107,600
$2.1M
Cap Rate 7%
$1,505,429
$1.5M
Cap Rate 9%
$1,170,889
$1.2M
Market Conditions
NOI Build-Up for 9,551 SF
Gross rent
$162.7K $17.04/SF
− Vacancy
−$12.2K −$1.28/SF
EGI
$150.5K $15.76/SF
− OpEx
−$45.2K −$4.73/SF
NOI
$105.4K $11.03/SF
Area
Gilbert, AZ
Vacancy
7.50%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,107,600
Cap Rate 7%
$1,505,429
Cap Rate 9%
$1,170,889
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 authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
60,000 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,120
Businesses Nearby
21k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
ARCO
Shops & Services
10,375 visits/mo
0.4 miles
Chevron
Shops & Services
9,465 visits/mo
0.5 miles
Public Storage
Shops & Services
1,010 visits/mo
0.2 miles
Demographics for 85233, AZ
39,006
Population
15,080
Households
2.6
Avg Household Size
37
Median Age
43%
College-Educated
95%
High-School Grad
9.6 sq mi
ZIP Area
4,063
Density / Sq Mi
$105,154
Median Household Income
$55,132
Median Earnings
$1,895
Median Rent
$468,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
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- TMK Automotive — 170 S William Dillard Dr #5-113, Gilbert, AZ 85233
- KickAZ Cycles — 2775 N Arizona Ave Ste 8, Chandler, AZ 85225
- Chandler Custom Cycles — 2775 N Arizona Ave Ste 8, Chandler, AZ 85225
Frequently Asked Questions
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
