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    655 Thunderbird Rd Phoenix, AZ 85022

    Sponsored
    For Sale
    $3,858,464

    High-yield, NNN-leased bank property.

    Property size:
    5,150 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a 5,150 square foot Wells Fargo Bank branch located at 655 E Thunderbird Rd, Phoenix, AZ 85022. The property sits on a 0.62-acre lot and boasts a strong financial performance, with a current asking price of $3,858,464 and a 6.25% cap rate, generating a net operating income (NOI) of $241,154. The property features a dual drive-thru and drive-thru ATM, enhancing convenience and accessibility for customers. The absolute NNN lease, with a corporate guaranty from Wells Fargo Bank, minimizes landlord responsibilities. The lease commenced on June 4, 2007, with a 20-year term, leaving approximately 2.5 years remaining until expiration on May 31, 2027. Built in 1983, this single-tenant property benefits from a highly visible location at a high-traffic intersection, boasting over 68,000 vehicles per day on 7th Street & Thunderbird Road. The surrounding area is densely populated, with over 381,000 residents within a 5-mile radius and average household incomes exceeding $158,000 within a 1-mile radius. Numerous national retailers, including Safeway, Walgreens, McDonald's, Starbucks, and Dunkin', are located nearby. The property also includes a monument sign generating additional income. The property's APN is 159-02-675. Wells Fargo, an investment-grade tenant with an A+ rating from Standard & Poor's, has occupied this location for over 17 years. This is a rare opportunity to acquire a stable, high-performing asset with a blue-chip tenant in a prime location.

    Property Features for 655 Thunderbird Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    5,150 SF
    Lot Size
    27,007 SF

    Building Details

    Year Built
    1983

    HighLights

    • Investment‑grade tenant, Wells Fargo, with an A+ Standard & Poor's rating, occupies the space.
    • High‑income trade area, boasting average household incomes exceeding $158,000 within a one‑mile radius.
    • Densely populated trade area with over 381,000 residents within a five‑mile radius.
    • High‑traffic location at the intersection of 7th Street and Thunderbird Road, with combined daily traffic exceeding 68,000 vehicles.
    • Strong co‑tenancy including national brands such as Safeway, Walgreens, McDonald's, Starbucks, and Dunkin'.
    Property Profile Location Intelligence

    Current Use by Public Records

    Wells Fargo Bank Bank Wells Fargo ATM Atm

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.06688152667
    Latitude
    33.607110518817

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    FAQs

    What type of property is this?
    Individual retail property - High-yield, NNN-leased bank property.
    Where is this individual retail property located?
    The property is located at 655 Thunderbird Rd Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $3,858,464.
    What are key features of this property?
    This property features: Investment-grade tenant, Wells Fargo, with an A+ Standard & Poor's rating, occupies the space.; High-income trade area, boasting average household incomes exceeding $158,000 within a one-mile radius.; Densely populated trade area with over 381,000 residents within a five-mile radius.
    Request Owner's contact information
    655 Thunderbird Rd Phoenix, AZ 85022
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    Phoenix, AZ 85022
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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
    655 Thunderbird Rd Phoenix, AZ 85022
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