2649 W Indian School Rd Phoenix, AZ 85016

Property Details for 2649 W Indian School Rd

Year built

1974

Construction

STEEL FRAME

Lot size

0.57 lot acres

Zone code

C-G

Property type

Commercial real estate

APN

110-01-012

APU

11001012

Description

This exceptional investment opportunity presents a 2,895 square foot Sinclair gas station in Phoenix, Arizona, at 2649 W Indian School Rd (APN: 110-01-015D). The property sits on a 0.78-acre lot and boasts a strong Absolute NNN lease with approximately 18.1 years remaining, expiring December 31, 2042, and includes two five-year options. Rent increases by 10% every five years, providing inflation protection. The property features a current Net Operating Income (NOI) of $144,000 and a 5.60% cap rate. Built in 2000, this high-performing location benefits from its proximity to the I-17 Freeway (approximately 220,585 vehicles per day) and a busy intersection with over 99,000 combined vehicles per day. The densely populated trade area (approximately 497,805 residents within a 5-mile radius) and proximity to Grand Canyon University (approximately 25,000 students) ensure consistent high traffic volume. The tenant, operating under the Sinclair brand, demonstrates a strong financial history, generating over $87 million in annual revenue and operating 17 locations. This investment offers significant long-term growth potential and attractive returns with minimal landlord responsibilities. The asking price is $2,571,428. The property qualifies for accelerated depreciation.