Property Details for 1503 Florence Blvd

Year built

2023

Lot size

0.83 lot acres

Property size

1,438 SF

Property type

Retail properties & Spaces

Property subtype

Auto shops

Description

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.

Location Insight

City

Casa Grande

County

Pinal

State

Arizona

Longitude

-111.723

Latitude

32.8791