1503 Florence Blvd Casa Grande, AZ 85122
- Retail properties
- 0.83 lot acres
Current Use by Public Records
- Take 5 Oil Change / Oil Change Service
- Circle K / Convenience Store
Property Details for 1503 Florence Blvd
- Year built
- 2023
- Lot size
- 0.83 lot acres
- Property type
- Retail properties
- Property subtype
- Auto shops
Description
This exceptional investment opportunity presents a fee-simple interest (land and building) in a brand-new, 1,438 square foot Take 5 Oil Change, located at the signalized intersection of Florence Blvd and Peart Rd in Casa Grande, Arizona. The property sits on a 0.83-acre lot with 6 parking spaces and benefits from a 15-year absolute NNN lease with a franchisee tenant, featuring 10% rent bumps every 5 years, minimizing landlord responsibilities. The lease includes six 5-year renewal options, ensuring long-term income stability. Boasting a 6.00% cap rate and a strong NOI of $155,648, this property offers significant return potential. The location is highly desirable, situated near Interstate 10 (53,500 VPD), and surrounded by major retail developments including Tri-Valley Plaza (107,000 SF) and the Promenade at Casa Grande (850,000 SF). The property is zoned B-2: General Business and enjoys a strong demographic profile, with over 59,800 residents and 19,400 employees within a 5-mile radius, and an average household income of $90,829. Built in 2023, this asset represents a secure, low-maintenance investment with substantial upside potential due to the tenant's strong performance and the property's prime location within a rapidly growing area. The APN is 505-28-020E. This is a truly exceptional opportunity for passive investors seeking a stable, high-yield investment in a thriving market.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Casa Grande
- County
- Pinal
- State
- Arizona
- Longitude
- -111.723
- Latitude
- 32.8791
