1065 Riggs Rd Chandler, AZ 85249-3670
Property summary
This exceptional retail investment property in Chandler, Arizona, presents a compelling opportunity. Located at 1065 E Riggs Rd, 85249, this 6,060 square foot building sits on a substantial 28,267 square foot lot. Constructed in 2003, the property boasts excellent condition and benefits from a high-traffic corner location. The current lease has five years remaining and is secured by a major private equity firm, providing significant financial stability and predictable income. The property offers a compelling 6.56% capitalization rate, making it an attractive addition to any investment portfolio. The asking price is $1,695,000. This is a rare chance to acquire a well-maintained, high-performing retail asset in a thriving Arizona market. The property's strong tenant and location ensure a secure and profitable investment. Serious inquiries are encouraged.
Property profile
VerifiedCap rate & NOI
Current use
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Gym & Fitness Center
Value estimations
Owner & transaction history
Zoning & alternative use
rezoning classification to be sought by, or to be applicable to, private interests for off-airport parcels or uses. Off-airport uses shall be considered under other zoning designations, such as Planned Area Development (…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
PAD · Chandler, AZrezoning classification to be sought by, or to be applicable to, private interests for off-airport parcels or uses. Off-airport uses shall be considered under other zoning designations, such as Planned Area Development (…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for PAD in Chandler, AZ.
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Find the owner behind the property.
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