1065 Riggs Rd Chandler, AZ 85249-3670
- Retail space
- 6,060 SF
- 0.65 lot acres
Current Use by Public Records
- Anytime Fitness / Gym / Fitness Center
Property Details for 1065 Riggs Rd
- Year built
- 2003
- Construction
- CONCRETE
- Lot size
- 0.65 lot acres
- Property size
- 6,060 SF
- Zone code
- PAD
- Property type
- Retail space
- APN
- 303-79-839
- APU
- 30379839
Description
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.
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
- Chandler
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.823
- Latitude
- 33.2183
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
