1065 Riggs Rd Chandler, AZ 85249-3670
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.
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Anytime Fitness Gym & Fitness Center
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 (PAD), as appropriate to particular needs and circumstances. (Ord. No. 3063, § 3, 11-18-99) 35-3101. - Uses permitted. The following uses sha…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property 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 (PAD), as appropriate to particular needs and circumstances. (Ord. No. 3063, § 3, 11-18-99) 35-3101. - Uses permitted. The following uses shall be permitted within the AP-1 zoning district as principal uses: (1) Airport stru
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.