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21597820
21597819

881 N Arizona Ave, Gilbert, AZ 85233

AN
AZ SA561466000
LevRose Commercial Real Estate
Listed by LevRose Commercial Real Estate
$3,950,000
483 days on market
Updated 22 days ago

GILBERT AUTO DEALERSHIP

Details
APN 302-09-541
Property Type Retail, Special Purpose
Sub Type Auto Shop
Square Footage 5,940
Cap Rate 5.48%
NOI $216,300
Occupancy 100%
Lease Type NN
Year Renovated 2024
Lot Size (SqFt) 79,232
Zoning GC, Town of Gilbert
Investment Type Net Lease
Ground Lease No

AUTO DEALERSHIP | OVER 5.5% CAP | 5,940 SF

Marketing description

**FOR SALE** Welcome to **881 NORTH ARIZONA AVENUE**, a prime investment opportunity in Gilbert, AZ. Priced at $3,950,000 with a 5.5% CAP rate, soon to escalate, this property features a ±5,940 SF building on a ±79,232 SF lot. Boasting a 5-year lease through 9/30/29, the property includes a large automotive sales lot, a beautiful sales office, and a 4-bay service center. Situated in a great Gilbert location with GC zoning, this property offers an attractive investment package. The demographics are promising, with a growing population, households, and businesses in the area. The average income and median income levels are favorable, making it an appealing opportunity for investors. Don't miss the chance to own this fantastic property with a secure lease in place and excellent potential for growth. Contact us today to learn more about this exciting investment at 881 North Arizona Avenue, Gilbert, AZ 85233.

Investment highlights

5 Year Lease Thru 9/30/29

2 Renewal Options

Experienced Operator

Large Automotive Sales Lot

Beautiful Sales Office

4 Bay Service Center

Great Gilbert Location!

Listing Contacts

AN
AZ SA561466000
LevRose Commercial Real Estate
Listed by LevRose Commercial Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$216,300.00
$18,025.00/mo

Valuation Metrics

0
DSCR
5.48%
Cap Rate
5.48%
ROI

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