Brakes Plus | New 10yr Corp NNN w/ Incrses
6,500 SF | Retail Building | Flagstaff, AZ 86004 | $2,905,000 ($447/SF) | 6.15% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,905,000
- Property Type
-
Retail
- Square Feet
- 6,500 SF
- Price / Square Foot
- $447
Listing Contacts
John Toben
Verified Profile
Patrick Luther
Verified Profile
Matthew Mousavi
Verified Profile
Brian Polachek
Verified Profile
Ed Beeh
Verified Profile
- Property Info
Property Overview
SRS Real Estate Partners-West, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, corporate guaranteed Brakes Plus investment property located in Flagstaff, Arizona. The tenant, Brakes Plus LLC, recently signed a brand new 10-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 7.5% increases at the beginning of each option period, growing NOI and hedging against inflation. The lease is guaranteed by the corporate entity and is NNN with limited landlord responsibilities, making this an ideal, low-management investment opportunity for a passive investor. Founded in 1990, Brakes Plus offers exceptional products and service to customers in over 100 locations across 6 states.
Property Details
- Class
- C
- Year Built/Renovated
- 2007/2024
- Stories
- 1
- Property Subtype
- Freestanding, Vehicle Related
- Lot Size (sq. ft)
- 42,689 SF
Highlights
- Brand New 10-Year Lease | Options to Extend with Increased Rent | Corporate Guaranty | Established Brand
- NNN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
- Signalized, Hard-Corner Intersection | Excellent Visibility & Access | Significant Street Frontage
- Outparcel to Flagstaff Mall | Dense Retail Corridor | Across from Safeway Anchored Center
- Direct Consumer Base | Strong Demographics in 5-Mile Trade Area
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