24988 Ellsworth Rd, Queen Creek, AZ 85142-7474

This exceptional investment opportunity presents a 1,405 square foot, free-standing Take 5 Oil Change located in Queen Creek, Arizona. Built in 2023, this property boasts a 14-year remaining lease term with two 5-year options and one 4-year + 11-month option, all with a 10% rent increase every five years. The absolute NNN lease provides a landlord with zero responsibilities, secured by a corporate guarantee from Driven Brands (NASDAQ: DRVN), a company with over $2.32 billion in annual revenue. The property sits on a 0.9-acre lot and enjoys exceptional visibility, with over 65,000 vehicles passing daily. Its prime location is adjacent to numerous high-traffic businesses, including Fry's Marketplace, Fat Cats, and EOS Fitness, and is surrounded by a dense residential area with nearly 150,000 residents within a 5-mile radius, and significant future residential development planned. The average household income within a 1-mile radius exceeds $165,000. The property generates a Net Operating Income (NOI) of $80,000, representing a 5.00% cap rate and a current asking price of $1,600,000. This is a below-market ground lease, offering significant long-term upside potential in one of Arizona's fastest-growing areas. The property's APN is 314-02-913. The address is 24988 S Ellsworth Rd, Queen Creek, AZ 85142.