24988 S Ellsworth Rd | Queen Creek, AZ 85142
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- LoopNet Team
24988 S Ellsworth Rd
Queen Creek, AZ 85142
Take 5 Oil | 15-Year Ground Lease · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Below market rent, creating secured cash flow and long-term upside
- 15-year absolute NNN corporate guarantee ground lease; landlord has ZERO responsibilities
- New construction; freestanding building with drive-thru bays
- Average household income is over $165,000 within a 1-mile radius
- Strong 10% rent increases every 5 years through the primary term and three five-year option periods
PROPERTY FACTS
Property Type
Retail
Property Subtype
Vehicle Repair Garage
Property Size
1,405 sq ft
Costar Property Class
C
Year Built
2023
Tenancy
Single
Number of Floors
1
Plot ratio
0.04
Total Plot Size
0.90 ac
AMENITIES
- Drive Thru
PROPERTY TAXES
| Parcel Number | 314-02-913 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £81,267 |
PROPERTY TAXES
Parcel Number
314-02-913
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£81,267
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