Listed by LevRose Commercial Real Estate
$5,700,000
1424 W Baseline Rd
Details
APN 123-25-049
Property Type Retail
Sub Type Auto Shop
Square Footage 13,813
Cap Rate 5.53%
Tenancy Multi
Brand/Tenant Sherwin-Williams, O'Reilly Auto Parts
Lease Type NN
Price per SqFt $413
Year Built 2003
Lot Size (SqFt) 63,423
Zoning RCC, Tempe
Retail | 5.53% CAP | 13,813 SqFt
Investment highlights
Two fresh ten (10) year NN leases with O’Reilly Auto Parts (S&P: BBB) and Sherwin-Williams (S&P: BBB)
Adjacent to Arizona Mills (Simon owned mall), The Home Depot, the Arizona Grand Resort & Spa, etc.
Dense demos: approximately 19,969 people in a one mile radius and 116,139 in a three mile radius
$82k annual average household income in a 3 mile radius
60,000+ vehicles per day at this intersection (approximately 42k on Baseline and 18k on Priest)
One block from the I-10 (157k+ vehicles per day)
Listing Contacts
Listed by LevRose Commercial Real Estate
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