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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

1503 Florence Blvd Casa Grande, AZ 85122

1,438 SF 0.83 ac lot Built 2023
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents a brand-new, state-of-the-art, 1,438 square foot auto shop in Casa Grande, Arizona. Located at 1503 E Florence Blvd, this single-tenant property boasts a prime, signalized hard-corner location with nearly 65,000 vehicles passing daily. The property features a 15-year absolute triple-net (NNN) lease with a highly reputable franchisee, ensuring zero landlord responsibilities. Rent increases by 10% every five years, providing significant long-term growth potential. The current NOI is $155,648, yielding a 6.00% cap rate at the asking price of $2,594,000. Built in 2023, this Class B property sits on a 0.83-acre lot with six parking spaces. The tenant, a top-performing Take 5 Oil Change location (second best nationally), benefits from its proximity to major retailers including Home Depot, Lowe's, Walmart, and numerous restaurants and businesses. The property is also conveniently located near a major hospital and a large, newly developed shopping center. The lease includes six, 5-year options, further securing long-term income. This is a rare opportunity to acquire a high-performing asset in a rapidly growing market with significant upside potential. The property's strong tenant, favorable lease terms, and prime location make it an ideal investment for discerning buyers.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2023
Total area 1,438 SF
Lot 0.83 ac (36,155 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Take 5 Oil Change Auto Repair Shop
  • Circle K Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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