44510 Edison Rd Maricopa, AZ 85138-6400
- Gas stations
- 4,862 SF
- 0.69 lot acres
Current Use by Public Records
- Loco Tony’s / Mexican Restaurant
- Brakes Plus / Auto Repair Shop / Auto Parts Store
Property Details for 44510 Edison Rd
- Year built
- 2019
- Construction
- CONCRETE
- Lot size
- 0.69 lot acres
- Property size
- 4,862 SF
- Property type
- Gas stations
- APN
- 512-04-9150
- APU
- 512049150
Description
This exceptional investment opportunity presents a thriving car wash in Maricopa, Arizona. Built in 2019, the 5,350 square foot facility sits on a 30,056 square foot lot and boasts a strong 5.48% cap rate, generating a net operating income (NOI) of $148,055.56. The property features a 15-year remaining lease term (part of a 20-year absolute NNN lease) with a reputable tenant, Brakes Plus, and includes four 5-year options with 10% rent increases. The lease also provides for 10% rent increases every 5 years. Located on W. Edison Rd, the car wash benefits from excellent visibility and high traffic counts on nearby major roadways (W. Edison Rd, John Wayne Pkwy, and N. Maricopa Rd). Ample parking is available with 21 assigned spaces plus additional open parking. This single-tenant property is situated in a rapidly growing area, with Maricopa experiencing significant population growth. The strong tenant, favorable lease terms, and prime location make this a compelling investment opportunity with significant potential for long-term returns. The property's exceptional financial performance and strategic location in a high-growth market position it for continued success. This is a rare chance to acquire a well-established, high-performing car wash in a booming Arizona market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,510,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,710,000
- 6.5%
- $2,745,000
- 7%
- $2,655,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,405,000
- Geo Method
- $2,565,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,085,000
- Retail
- $2,770,000
- Mixed-Use
- $2,615,000
- Hospitality
- $2,400,000
- Educational
- $3,080,000
- Residential Income
- $2,975,000
- Energy
- $2,600,000
- Income-Based Land
- $2,985,000
- Food Service
- $2,590,000
Location Insight
- Map
- Local Demand
- City
- Maricopa
- County
- Pinal
- State
- Arizona
- Longitude
- -112.046
- Latitude
- 33.0655
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
