Retail    

Kerry's Car Care

 Phoenix, Arizona

Asking Price

$2,363,636

Cap Rate

5.50%

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Absolute NNN

18.5+ Yrs Remain

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Thriving

Retail Corridor

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Dense Population

189,379 (3-Mile)

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Square Feet

3,055 SF

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Stable Industry

Growing Trends

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Top MSA

4.6M Population

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INVESTMENT HIGHLIGHTS

  • Thriving Retail Corridor | The Property is located just off Camelback Road, sandwiched between I-17 and Highway 51. In that corridor along Camelback Road are tenants such as Shake Shack, Target, Chick-Fil-A, CVS, QuikTrip, CAVA, McDonald’s, and many more.
  • Located in Phoenix, AZ | Phoenix is the 5th largest city in the United States with a population of 1.66 million and was the fastest-growing city in the country for 5 consecutive years leading up to 2021.
  • Stable Industry During Economic Downturn | As fears of a recession grow, vehicle owners will choose to hold on to their current vehicles and service them rather than moving on to a newer vehicle. This trend grows with the shortage in vehicles and the inflated pricing.

 

  • 18.5+ Years Remaining on Absolute NNN Lease with Annual Increases | The Absolute NNN Lease does not expire until March 31, 2041 and features 1.5% annual increases. Thus, providing a long-term passive stream of income with a hedge against inflation.
  • Strong Demographics | The Property boasts strong demographics with the 3-mile population of 189,379 earning an average household income of $89,354.
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Exclusively Listed By

Bradley Feller

Managing Director & Partner
  Contact Broker Here   
AZ Lic. #BR685825000

Stan Johnson Co.

303 East Wacker Drive, Suite 1111
Chicago, IL 60601


stanjohnsonco.com