Property Details for 1503 Florence Blvd

Year built

2023

Lot size

0.83 lot acres

Property type

Retail properties & Spaces

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.

Location Insight

City

Casa Grande

County

Pinal

State

Arizona

Longitude

-111.723

Latitude

32.8791