Tempe Infill IOS Investment Opportunity | 6.25% Cap Rate
Tempe Infill IOS Investment | 1.32 AC Contractor Yard | 6.21% Cap Rate | Redevelopment Upside
Marketing description
This ±1.32-acre infill IOS investment offers in-place cash flow with significant redevelopment upside in one of Metro Phoenix's most supply-constrained and land-scarce submarkets. Situated in the heart of Tempe — adjacent to Arizona State University and surrounded by ongoing multifamily and mixed-use development — the site represents a rare opportunity to acquire a fully leased asset with near-term optionality when the lease expires in December 2028.
The property is fully leased to Collision Xperts under a single-tenant NNN lease at a current rate of $14,997.15 per month with 3.5% annual increases. The asset generates $179,965 in Year 1 NOI and is offered at a 6.21% cap rate, providing investors with stable, growing income while they evaluate the site's long-term highest and best use.
Improvements include a ±1,056 SF office, ±900 SF canopy structure, and a fully asphalt-paved and reinforced concrete yard. The site is fully fenced and secured with immediate access to Loop 101 and 202, connecting to the entire Valley freeway network.
Investment highlights
Investment Highlights
- Fully Leased to Collision Xperts through December 2028
- $179,965 Year 1 NOI | 6.21% Cap Rate
- Tenant Currently Paying $14,997.15/mo NNN with 3.5% Annual Increases
- Redevelopment Potential at Lease Expiration — Prime Infill Tempe Location
Property Highlights
- ±1.32 AC Contractor Yard — Infill Tempe
- ±1,056 SF Office + ±900 SF Canopy Structure
- Asphalt Paved Site with Reinforced Concrete
- Fully Fenced and Secured
- Less than 1 Mile to Loop 101 and 202
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