8255 E. Raintree Dr, Suite 100 - Scottsdale, AZ 85260
info@retail1031.com
call us: 480-429-4580
Meineke | Peoria, AZsale

Meineke | Peoria, AZ

$795,000

Investment Highlights

  • Home Depot Outparcel

  • 91st Avenue Visibility & Signage

  • Loop 101 Access Nearby

  • Absolute NNN Lease

  • Meineke Founded in 1972

  • 290,000+ Population Within 5 Miles

  • 2005 Construction

  • Attractive Phoenix MSA CAP Rate

Investment Summary

CAP Rate: 12.02%
Lessee: Driven Brands Inc.
Building Size: ±2,550 Square Feet
Land Area: ±0.99 Acres
Lease Expiration: August 21, 2020
Lease Options: 3 x 5 Year Options
NOI: $102,150
Lease Type: Absolute NNN Lease
Increases: 2% Annually

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