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    Valvoline NNN Ground Lease Investment Title is generated by Realmo AI

    3663 South Power Road, Mesa, AZ 85212

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    For Sale
    $2,680,000

    New 15-year absolute NNN lease with scheduled rent increases.

    Type:Retail
    Property size:
    3,500 SF
    Price / SF:
    $765/SF
    Added:
    Apr 13, 2026
    Days on Market:
    55
    Last Refresh:
    Apr 13 at 9:43 pm

    Property Features for 3663 South Power Road

    General Information

    Standard status
    Active
    Size
    3,500 SF
    Property subtype
    Retail

    We can help!

    Listing Contact
    John Schweikert
    John Schweikert

    Listing agent John Schweikert License #SA536326000

    Listing office Phoenix Commercial Advisors

    Listing date Apr 13, 2026

    Source Phoenixcommercialadvisors

    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 Phoenix Commercial Advisors

    HighLights

    • Absolute NNN Corporate Ground Lease: A completely passive investment for the landlord.
    • Long‑term 15‑year lease with Valvoline Inc. (NYSE: VVV), a true investment‑grade tenant.
    • Strong scheduled rent increases of 10% every 5 years.
    • Located at a signalized intersection with high traffic volume (nearly 48,000 vehicles per day).
    • New, freestanding 3,500 SF building with drive‑thru bays and high‑quality construction.
    • Outparcel to a new shopping center anchored by ALDI and EOS Fitness.

    Overview

    This property features a new, freestanding 3,500-square-foot building with drive-thru bays and high-quality construction. It operates under a long-term, 15-year absolute NNN corporate ground lease, meaning the landlord has no responsibilities. The property is an outparcel to the new Avalon Ranch shopping center, anchored by ALDI and EOS Fitness, which provides consistent high-frequency traffic. The tenant is Valvoline Inc. (NYSE: VVV), with approximately 1,900 locations in the United States and a global presence in over 140 countries, offering services at over 80,000 international locations. The lease includes scheduled rent increases of 10% every 5 years throughout the primary term and option periods. The property benefits from a signalized intersection at Power Road and Elliot Road, with nearly 48,000 vehicles per day, offering excellent visibility and access off Power Road, a high-traffic arterial connecting The US 60 and Loop 202 highways. It is surrounded by dense residential neighborhoods, with nearly 290,000 people within a 5-mile radius, and a strong daytime employment base, with over 114,000 workers within 5 miles. The property is suitable for automotive and retail purposes.
    Location Intelligence

    Current Use by Public Records

    Automotive properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Pharmacy

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

    Similar Places Nearby

    • Penske Truck Rental — 5750 S Power Rd, Gilbert, AZ 85295
    • Dollar Car Rental - Mesa Gateway Ap — 6033 S Sossaman Rd, Mesa, AZ 85212
    • Gateway OHV Rentals — 5711 S Power Rd Suite B, Mesa, AZ 85212
    • U-Haul Neighborhood Dealer — 5230 S Power Rd, Gilbert, AZ 85295
    • Hertz Car Rental - Mesa Service Center (private Flights Only) — 5533 S Sossaman Rd, Mesa, AZ 85212

    Location Insight

    • Map
    • Local Demand
    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.6871094
    Latitude
    33.3486649

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    FAQs

    What type of property is this?
    Automotive property - New 15-year absolute NNN lease with scheduled rent increases.
    Where is this automotive property located?
    The property is located at 3663 South Power Road Mesa, AZ.
    What is the asking price?
    The asking price for this property is $2,680,000.
    What are key features of this property?
    This property features: Absolute NNN Corporate Ground Lease: A completely passive investment for the landlord.; Long‑term 15‑year lease with Valvoline Inc. (NYSE: VVV), a true investment‑grade tenant.; Strong scheduled rent increases of 10% every 5 years.
    (602) 288-3472
    We can help!
    Listing Contact
    John Schweikert
    John Schweikert
    Real Estate License ID: SA536326000
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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