330 N 24Th St Phoenix, AZ 85008

This commercial property in Phoenix presents an opportunity for acquisition. The property is currently leased to Enterprise Truck Rental, which executed a 10-year lease commencing January 12, 2020, with two 5-year renewal options. The lease includes 3% annual rental increases throughout the initial term and option periods. Enterprise has invested over $700,000 of its own capital into construction and site improvements. The property is located at the signalized, hard-corner intersection of Van Buren Street and 24th Street, with visibility to more than 40,000 vehicles per day. This infill location is less than one mile from the full diamond interchange at 24th Street and Loop 202, providing convenient access to Interstate 10, Interstate 17, and Arizona State Route 51. The Phoenix Sky Harbor International Airport, which serves more than 50 million annual visitors, is located just under one mile to the south. Originally constructed in 1994, the property underwent an extensive remodel in 2020, with Enterprise making significant capital improvements to meet current operational efficiency and corporate property standards. The property is suitable for truck stops, automotive properties, retail properties and spaces, and general commercial real estate.