ASU Adjacent Single Tenant Industrial NNN Opportunity
Industrial | 6.00% CAP | 15,750 SqFt
Marketing description
116 S. Industrial Drive is a single-story industrial asset located in Tempe's Tri-City Industrial Area, comprised of approximately 15,750 square feet on a 32,725-square-foot site. The property is fully leased to TS Industries LLC d/b/a Gold Tech Industries through June 30, 2031, under an absolute net lease structure with the tenant responsible for taxes, utilities, insurance, and maintenance, including roof, HVAC, and structural components.
Ownership has recently completed several capital items, including a new roof with a 10-year warranty, exterior paint/stucco, insulation and scrim, LED lighting, glass block window replacement, and new over-head doors.
The property is located within a supply-constrained industrial corridor near Loop 202, Loop 101, Phoenix Sky Harbor International Airport, Arizona State University, and major mixed-use growth nodes, including Novus Innovation Corridor and the $1.8 billion South Pier development. Collectively, the long-term tenancy, net lease structure, recent building improvements, and exposure to one of metro Phoenix's most active infill employment and development corridors position the offering as a stabilized cash-flow investment with location-driven appreciation potential.
Investment highlights
- Stabilized single-tenant cash flow through mid-2031
- True absolute net lease structure
- Recent capital improvements
- Infill Tempe industrial location with regional connectivity
- Exposure to one of metro Phoenix's strongest employment and education nodes
- Positioned near major mixed-use and infrastructure investment
- Functional building configuration for specialized industrial use
- Scarce small-bay infill industrial product in a supply-constrained corridor
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