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    760 Guadalupe Rd Gilbert, AZ 85233

    Sponsored
    For Sale
    $975,000

    High-yield NNN lease, strong tenant.

    Property size:
    2,533 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 2,533 square foot auto shop in Gilbert, Arizona, currently operating under a Net Lease agreement with Joe's Auto. The property boasts a 4.79% cap rate and a substantial net operating income (NOI) of $46,706. The lease, commenced December 1, 2020, has a remaining term of 6.4 years, extending to March 31, 2031, with built-in rent increases. The asking price is $975,000, translating to $384.92 per square foot. Situated on a 0.52-acre lot at the hard corner of W Guadalupe Road and N Cooper Road, this location benefits from high visibility and traffic counts exceeding 48,000 vehicles per day. The property enjoys 100% occupancy and is strategically positioned near major retailers, including Walmart, Kohl's, and numerous restaurants. This single-tenant, absolute NNN lease offers investors a passive income stream with minimal landlord responsibilities, making it an attractive addition to any portfolio. The tenant, Joe's Auto, is a well-established local business with multiple locations in the Phoenix area. The property's location in a densely populated, affluent suburb of Phoenix, with a high household income, further enhances its investment appeal. This is a rare opportunity to acquire a long-term, stable net lease investment for under $1 million.

    Property Features for 760 Guadalupe Rd

    General Information

    Property type
    Automotive properties
    Square Feet
    2,533 SF
    Lot Size
    22,651 SF

    HighLights

    • Absolute NNN lease with Joe's Auto; 7 years remaining; 2021 construction.
    • Strong Phoenix MSA brand with 9+ locations; strong tenant balance sheet and personal guarantee.
    • High‑traffic location in densely populated residential area; situated near a signalized intersection with 48,000+ cars per day; adjacent to ARCO AM/PM.
    • Located in Phoenix MSA, a top 50 place to live; experiencing tremendous population growth; 5th largest city in the US.
    • Rare sub-$1M, long‑term, single‑tenant net lease (STNL) deal; includes annual rent increases; below‑market rent.
    • Located in an affluent Phoenix suburb; high household income ($124,873); one of the fastest‑growing regions in the US.
    Property Profile Location Intelligence

    Current Use by Public Records

    Joe's Auto - Gilbert Auto Repair Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Gilbert
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.8060635
    Latitude
    33.3649912

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    FAQs

    What type of property is this?
    Automotive property - High-yield NNN lease, strong tenant.
    Where is this automotive property located?
    The property is located at 760 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 Joe's Auto; 7 years remaining; 2021 construction.; Strong Phoenix MSA brand with 9+ locations; strong tenant balance sheet and personal guarantee.; High-traffic location in densely populated residential area; situated near a signalized intersection with 48,000+ cars per day; adjacent to ARCO AM/PM.
    Request Owner's contact information
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    Gilbert, AZ 85233
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    760 Guadalupe Rd Gilbert, AZ 85233
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