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34245566
34245561

6822 S Kings Ranch Rd, Gold Canyon, AZ 85118 For Sale

TM
AZ SA717741000
Marcus & Millichap - Phoenix
OR
SA704894000
Marcus & Millichap - Phoenix
Listed by Marcus & Millichap - Phoenix
$2,400,000
11 days on market
Updated 4 days ago

Southwest Fitness Plaza

Details
APN 104-12-001
Property Type Retail
Sub Type Shopping Center
Square Footage 7,680
Units 2
Cap Rate 7.01%
NOI $168,236
Occupancy 100%
Tenancy Multi
Rent Bumps Yes
Price per SqFt $313
Year Built 2007
Buildings 1
Acreage 0.890
Zoning CB-1
Parking Spaces 28 spaces
Parking per 1,000 SqFt 3.65
Investment Type Sale/Leaseback

Retail | 7.01% CAP | 7,680 SqFt

Marketing description

This offering presents the opportunity to acquire a 100% leased, two-tenant retail property in the growing community of Gold Canyon, Arizona. Built in 2007, the property is anchored by a well-established fitness operator occupying approximately 80% of the building and complemented by a long-standing cafe tenant. The anchor tenant, which has successfully operated at this location for more than 14 years, is offering the property as part of a sale-leaseback transaction and will execute a new 10-year lease at closing, demonstrating its long-term commitment to the location. The cafe tenant is currently operating under a 5-year lease and is in the process of extending its lease term to 10 years. Located at 6822 S. Kings Ranch Road, the property benefits from a prominent position along Gold Canyon's primary commercial corridor, serving a growing and affluent residential community with limited retail competition. The combination of established tenancy, long-term lease commitments, and a strategic location makes this an attractive opportunity for investors seeking stable, durable cash flow.

Investment highlights

  • 9-Year Weighted Average Lease Term
  • Built-In Annual Rent Increases | Cafe: 5% | Gym: 3%
  • 10-Year Sale-Leaseback | 14-Year Operating History at This Location
  • Limited Local Competition

Listing Contacts

TM
AZ SA717741000
Marcus & Millichap - Phoenix
OR
SA704894000
Marcus & Millichap - Phoenix
Listed by Marcus & Millichap - Phoenix

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$168,236.00
$14,019.67/mo

Valuation Metrics

0
DSCR
7.01%
Cap Rate
7.01%
ROI

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Additional Information

Name
Tyson Mace
License
SA717741000
Brokerage Phone
6026876652
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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