760 Guadalupe Rd Gilbert, AZ 85233
- Retail space
- 2,108 SF
- 0.42 lot acres
Current Use by Public Records
- Joe's Auto - Gilbert / Engine Rebuilding Service / Oil Change Service
Property Details for 760 Guadalupe Rd
- Year built
- 2020
- Lot size
- 0.42 lot acres
- Property size
- 2,108 SF
- Property type
- Retail space
- APN
- 310-10-088A
- APU
- 31010088A
Description
This exceptional investment opportunity presents a 2,533 square foot auto shop in Gilbert, Arizona, currently operating under a Net Lease agreement with Joe's Auto. The property boasts a 4.79% cap rate and a substantial net operating income (NOI) of $46,706. The lease, commenced December 1, 2020, has a remaining term of 6.4 years, extending to March 31, 2031, with built-in rent increases. The asking price is $975,000, translating to $384.92 per square foot. Situated on a 0.52-acre lot at the hard corner of W Guadalupe Road and N Cooper Road, this location benefits from high visibility and traffic counts exceeding 48,000 vehicles per day. The property enjoys 100% occupancy and is strategically positioned near major retailers, including Walmart, Kohl's, and numerous restaurants. This single-tenant, absolute NNN lease offers investors a passive income stream with minimal landlord responsibilities, making it an attractive addition to any portfolio. The tenant, Joe's Auto, is a well-established local business with multiple locations in the Phoenix area. The property's location in a densely populated, affluent suburb of Phoenix, with a high household income, further enhances its investment appeal. This is a rare opportunity to acquire a long-term, stable net lease investment for under $1 million.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $825,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $845,000
- 6.5%
- $965,000
- 7%
- $915,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $955,000
- Geo Method
- $900,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $915,000
- Retail
- $950,000
- Mixed-Use
- $740,000
- Hospitality
- $780,000
- Educational
- $930,000
- Residential Income
- $900,000
- Energy
- $1,020,000
- Income-Based Land
- $1,000,000
- Food Service
- $915,000
Location Insight
- Map
- Local Demand
- City
- Gilbert
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.806
- Latitude
- 33.3648
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA