Auto Repair NNN Investment
760 W Guadalupe Rd Gilbert, AZ 85233
760 W Guadalupe Rd, Gilbert, AZ, 85233
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For Sale
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NNN leased Joe’s Auto in Phoenix, passive income opportunity.
Property Size2,533 SF
Lot Size0.42 Acres
Price / SF$384.92
Days on Market758
Property Features for 760 W Guadalupe Rd
General Information
- Standard status
- Active
- Size
- 2,533 SF
- Lot size
- 0.42 Acres
- Property subtype
- Retail
Listing agency
Colliers - Phoenix, Arizona
(949) 724-5561
Listed by
Paul Holland · License #SA022775000
Source
Crexi
Added: Jun 24, 2024 Updated: Jul 6 at 8:36AM Checked: Jul 17 at 9:16AM
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 Colliers - Phoenix, Arizona
Investment Insights
Based on property information with market context.
This investment opportunity features a single tenant, absolute NNN leased Joe’s Auto, located in Phoenix, AZ. Joe’s Auto, a leading auto repair company with 9 locations across the Phoenix area, has been operating for over 30 years. The absolute triple net lease has over 6.5 years remaining in the primary term, with two 5-year option periods and zero landlord responsibilities. Annual rent increases in the primary term and FMV rent increases in the option periods provide a hedge against inflation. The property includes a 2,533 SF building on a 0.42-acre parcel, strategically located on the hard corner signalized intersection of W Guadalupe Road and N Cooper Road, which sees over 48,000 VPD. The location benefits from excellent ingress and egress. Nearby retailers include Walmart Supercenter, Smart & Final Extra!, Kohl’s, ULTA, HomeGoods, Michaels, Walgreens, Chase, Bank of America, In-N-Out Burger, Chick-fil-A, Chipotle, Whataburger and Raising Cane’s.
Key Highlights
- Absolute NNN lease with over 6.5 years remaining, offering passive income.
- Located on a high‑traffic hard corner signalized intersection (48,000 VPD) with excellent access.
- Established tenant, Joe's Auto, a leading auto repair company with 9 locations.
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 | $43.2k | $17.04 |
| − Vacancy | −$3.2k | −$1.28 |
| EGI | $39.9k | $15.76 |
| − OpEx | −$12.0k | −$4.73 |
| NOI | $27.9k | $11.03 |
2,533 SF · lease $17.04/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$399.3K
$349.4K – $465.8K
NOI $27,948 @ 7.0% cap · market cap 2.87%
Second Best
Industrial
$261.8K
$229.1K – $305.5K
NOI $18,327 @ 7.0% cap · market cap 1.88%
Theoretical Best
Office A
$665.0K
$581.9K – $775.9K
NOI $46,553 @ 7.0% cap · market cap 4.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Joe's Auto - Gilbert
Auto Repair Shop
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FAQs
What type of property is this?
Auto shop - NNN leased Joe’s Auto in Phoenix, passive income opportunity.
Where is this auto shop located?
The property is located at 760 W Guadalupe Rd Gilbert, AZ.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Absolute NNN lease with over 6.5 years remaining, offering passive income.; Located on a **high‑traffic hard corner signalized intersection (48,000 VPD)** with excellent access.; Established tenant, **Joe's Auto**, a leading auto repair company with 9 locations.
