1414 Bell Rd Phoenix, AZ 85023-3427

Property Details for 1414 Bell Rd

Year built

1988

Construction

CONCRETE

Lot size

0.60 lot acres

Property size

1,936 SF

Zone code

C-2

Property type

Auto shops

APN

208-19-032K

APU

20819032K

Description

This exceptional investment opportunity presents a 3,140 square foot Jiffy Lube auto shop located at 1414 W Bell Rd, Phoenix, AZ 85023. The property sits on a 0.6-acre lot and boasts a strong 6.75% cap rate, generating a net operating income (NOI) of $85,374. The current ground lease with Jiffy Lube, a nationally recognized brand, has approximately 3.7 years remaining, expiring July 31, 2028, with two 5-year renewal options. The lease is a triple-net (NNN) lease with a corporate guarantee and includes a 3% annual rent increase. This prime location benefits from excellent visibility and accessibility on West Bell Road, a major east-west arterial road with over 38,000 vehicles daily. Furthermore, its proximity to the I-17 Freeway (152,000+ vehicles daily) enhances its strategic position within the Phoenix MSA. The surrounding area demonstrates strong demographics, with over 331,609 residents within a 5-mile radius and an average household income exceeding $82,000. The property was built in 1988. This is a rare opportunity to acquire a stable, high-performing investment with significant upside potential. The asking price is $1,264,810, translating to $402.81 per square foot.