3113 E BELL RD Phoenix AZ 85032-1922

The subject property at 3113 E Bell Rd, Phoenix, AZ 85032, is a strategically located industrial outdoor storage {IOS) asset totaling 6,113 square feet on 1.81 acres. The property is 100% leased to White Cap, L.P., a national credit tenant, generating $151,488 annually on an absolute NNN basis. The lease runs through September 30, 2028, with one five-year option period at fair market value {FMV). The current base rent is substantially below market.

• The current rents of $6,771 per acre per month are substantially below market. Value-Add 10S with National Credit Tenant White Cap

• 10S Opportunity or Development Potential: The property offers flexibility for continued industrial outdoor storage use or future redevelopment.

• C-3 Zoning: Highly versatile zoning supports a broad range of industrial and commercial uses.

• Prime Frontage on Bell Rd: Located on a prominent arterial road, offering high visibility and significant traffic exposure.

• Excellent Connectivity: Proximity to SR-51 provides convenient access to Phoenix's key transportation corridors.

• Proximity to Major Demand Drivers: Near the new TSMC Plant, positioning the site for long-term growth in one of Phoenix's booming industrial submarkets.

INVESTMENT HIGHLIGHTS

• Current NOI: $151,488 annually

• Annual Increases: 3%

• Existing Lease Expiration: Fully Leased through September 2028

• Tenant Renewal Options: One (1) Five (5) Year Option At FMV

• Tenant: Marvel Building & Masonry Supply (a White Cap company).

• Tenant Guarantor: White Cap, L.P.

• Tenant Credit Rating: Investment Grade: BBB (low), Stable Trend (DBRS Morningstar)

PROPERTY HIGHLIGHTS

• ±6,113 SF Industrial Warehouse

• ±1.81 AC Site

• C-3 Zoning

• Ideal Industrial Outdoor Storage Site with Retail Development Potential

• Proximity to SR-51 and Major Valley Highways

• Prime Frontage on Bell Rd (49,000+ VPD)