1085 Cooper Rd Chandler, AZ 85286
- Auto shops
- 17,388 SF
Current Use by Public Records
- Kerry's Car Care / Auto Radiator Repair Service / Auto Tune Up Service
Property Details for 1085 Cooper Rd
- Year built
- 2023
- Property size
- 17,388 SF
- Property type
- Auto shops
- APN
- 303-30-006Y
- APU
- 30330006Y
Description
This exceptional investment opportunity presents a newly constructed, 8,409 square foot auto shop in Chandler, Arizona, boasting a 19.1-year remaining lease term on an absolute NNN lease with a corporate guarantee. The property, located at 1085 S Cooper Rd, features a 6.00% cap rate and a current NOI of $266,796. The tenant, Kerry's Car Care, enjoys an A+ BBB rating and is part of Drive Automotive Services, a rapidly expanding group with 43 locations and plans for significant future growth. The lease includes 10% rent bumps every five years and four five-year renewal options, ensuring long-term financial stability. Situated on a 1.56-acre lot, the property benefits from a prime location less than a mile from the Chandler Auto Park and Chandler Municipal Airport, in an area with high average annual incomes ($143,759 within a 3-mile radius) and a dense population (over 325,000 residents within a 5-mile radius). The property's high visibility is further enhanced by its frontage on Cooper Rd and Pecos Rd (approximately 26,480 vehicles per day) and proximity to Loop 202 Freeway (approximately 147,723 vehicles per day). The asking price is $4,446,600, representing a price per square foot of $528.79. Built in 2023, this property offers a secure and lucrative investment with significant upside potential. The lease commenced October 4, 2023, and expires December 31, 2043. The property's APN is 303-30-006Y.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Chandler
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.806
- Latitude
- 33.2903
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA