Property Details for 4949 Ray Rd

Year built

1994

Lot size

0.09 lot acres

Zone code

PAD

Property type

Commercial real estate

APN

301-67-964B

APU

30167964B

Description

This exceptional investment opportunity presents a 62,071 square foot retail property in Chandler, Arizona, boasting a 7.00% cap rate and a $14,506,762 asking price. The property, located at 4949 W Ray Rd, 85226, sits on a 5.7-acre lot and is 100% occupied by two strong national tenants: Goodwill and EOS Fitness. This multi-tenant net lease investment offers a secure and stable income stream, generating a net operating income (NOI) of $1,015,473. The property benefits from built-in rent bumps and features a diverse tenant mix, combining a discount retailer (Goodwill) and a fitness center (EOS Fitness), creating resilience against economic shifts. Goodwill of Northern and Central Arizona operates over 104 stores and donation centers across the state, while EOS Fitness has a significant presence with 125 locations in six states and plans for 51 more in the next three years. The location is strategically positioned in a high-traffic area with approximately 58,073 vehicles per day passing on nearby Rural Road and Ray Road. This prime location is further enhanced by its proximity to major freeways (I-10, Loop 202, and Loop 101) and other national retailers such as Fry's Grocery, Starbucks, Taco Bell, and Jack in the Box. The affluent surrounding area boasts average household incomes exceeding $166,000 within a one-mile radius. The property's parcel number is 301-67-966. This is a rare opportunity to acquire a high-performing, well-located retail investment with significant long-term growth potential.

Location Insight

City

Chandler

County

Maricopa

State

Arizona

Longitude

-111.926

Latitude

33.3196

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments