1928 Buckeye Rd Phoenix, AZ 85009
- Retail properties
- 14,477 SF
- 1.00 lot acres
Current Use by Public Records
- O'Reilly Auto Parts / Truck Accessories Store / Auto Parts Store
Property Details for 1928 Buckeye Rd
- Lot size
- 1.00 lot acres
- Property size
- 14,477 SF
- Property type
- Retail properties
- Property subtype
- Auto shops
Description
This exceptional investment opportunity presents a fee-simple ownership of a 14,477 square foot retail building in Phoenix, Arizona, situated on a one-acre lot (APN: 109-63-173B). The property boasts 100% occupancy with two nationally recognized tenants, O'Reilly Auto Parts and Rent-A-Center, operating under a Net Net + (NN+) lease structure. Both tenants are credit-rated, providing a stable and predictable income stream. The building, completely renovated in 2018, features a single story and is zoned C-3. The property enjoys a prime location at 1928 W Buckeye Rd, Phoenix, AZ 85009, benefiting from high traffic counts (nearly 37,000 vehicles daily) at a signalized intersection with Buckeye Road and 19th Avenue, and excellent freeway access via I-17 (115,000 vehicles daily). The strong demographics of the area, with over 339,000 residents and a daytime population exceeding 130,000 within a 5-mile radius, and an average household income of approximately $86,000, further enhance the property's value. The asking price is $3,500,000, representing a price per square foot of $241.76 and a 5.52% cap rate, with a current Net Operating Income (NOI) of $193,178. Rent bumps are included in the lease agreements. The property's proximity to other national retailers and automotive services strengthens its position within the market. This is a rare opportunity to acquire a well-located, high-performing retail investment property with significant upside potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.101
- Latitude
- 33.4372
