Kerry's Car Care
8,409 SF | 100% Leased | Retail Building | Chandler, AZ 85286 | $4,447,000 ($529/SF) | 6% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $4,447,000
- Property Type
-
Retail
- Square Feet
- 8,409 SF
- Price / Square Foot
- $529
Listing Contacts
Chase Dorsett
Verified Profile
Steve Julius
Verified Profile
Jesse Goldsmith
Verified Profile
- Property Info
Property Overview
Newmark Capital Markets, as exclusive advisor, is pleased to present the opportunity to acquire Kerry’s Car Care at 1085 S Cooper Road (the Property), a 8,409-square-foot auto repair shop in Chandler, AZ. This unique investment consists of a single tenant on an absolute NNN lease. This new construction site sits on approximately 1.56 acres, just south of the south east corner of Cooper Road and Pecos Road with excellent visibility to more than 26,000 vehicles per day. In addition, the asset is located less than one mile north of the Loop 202 Freeway seeing traffic counts of over 147,000 vehicles per day. Located 1.5 miles north of the Chandler Airpark Employment Corridor, Kerry’s Car Care offers an investor the rare opportunity to acquire a stable asset with 19+ years remaining on the primary lease term in a rapidly growing part of Chandler.
Property Details
- Class
- B
- Year Built
- 2023
- Stories
- 1
- Property Subtype
- Vehicle Related
- Lot Size (sq. ft)
- 67,954 SF
Highlights
- BRAND NEW, HIGH QUALITY CONSTRUCTION
- ABSOLUTE NNN LEASE STRUCTURE WITH ZERO LANDLORD RESPONSIBILITIES
- 19+ YEARS REMAINING ON INITIAL LEASE TERM
- HIGH HOUSEHOLD INCOMES AVERAGE $135,242 WITHIN A 3-MILE RADIUS
- STRONG RESIDENTIAL AREA WITH A POPULATION INCREASE OF 6.5% SINCE 2020
- THE CHANDLER AIRPARK EMPLOYMENT CORRIDOR HAS OVER 4,000 EMPLOYEES AND IS ADDING 1,850 JOBS YEAR OVER YEAR
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