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Auto Parts

Brakes Plus Ground Lease

SEC Ellsworth Loop Rd & Ocotillo Rd, Queen Creek, AZ 85142

Listing Price: $3,894,000

Cap Rate
4.25%
Tenant Name
Brakes Plus
Years Remaining On Lease
20.2
Gross SF
5,100
Guarantor
Corporate Guarantee
Rentable SF
5,100
Price/Gross SF
$763.53
Lease Type
NNN Ground Lease
Rent Per Square Feet
$32.45

Investment Overview

Founded in 1990, Brakes Plus offers brake and auto repair services, tire rotation, oil changes, transmission services, and more. Whether it's scheduled maintenance or oil changes, shocks and struts or brake repair/maintenance, Brakes Plus provides customers a service they can trust at a price they can afford. Brakes Plus now has 103 locations and growing across six states: Arizona, Colorado, Iowa, Nebraska, Texas, and Wyoming. Queen Creek is a boom town, with exceptional climate, natural recreational riches and a relaxed, rural lifestyle. Population has doubled since 2010. According to the most recent census, Queen Creek is the number one fastest growing city in the state of Arizona. The city boasts a vibrant economy with the third highest median income in Arizona’s Maricopa County. Queen Creek’s approximately 68,500 residents enjoy the benefits of small-town living close to a metropolitan area: low crime rates, easy commuting to and from metro Phoenix, excellent air quality and a variety of recreational activities.

Investment Highlights

  • Brand New 20-Year Absolute Triple-Net (NNN) Corporate Ground Lease
  • 10 Percent Rental Increases Every Five Years
  • New High-Quality 2022 Construction
  • 134,114 Residents within a Five-Mile Radius - Phoenix MSA
  • Rapidly Growing Queen Creek Trade Area - Households and Population Projected to Increase 24 Percent + within a Three-Mile Radius by 2026
  • Situated in Queen Creek's Dominant Retail Corridor - Walmart, Target, PetSmart, Sprouts Farmers Market, Chick-fil-A, and More
  • Excellent Frontage Along Ellsworth Loop Road (75,700+ Cars per Day) with Over 93,000 Cars per Day at the Intersection of Ellsworth Loop Road and Ocotillo Road
  • Five Miles (10 Minute Drive) from Arizona State University's Polytechnic Campus

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s) AZ: BR675146000

    Arizona

Financing By

Listing Price: $3,894,000

Cap Rate
4.25%
Tenant Name
Brakes Plus
Years Remaining On Lease
20.2
Gross SF
5,100
Guarantor
Corporate Guarantee
Rentable SF
5,100
Price/Gross SF
$763.53
Lease Type
NNN Ground Lease
Rent Per Square Feet
$32.45

Investment Highlights

  • Brand New 20-Year Absolute Triple-Net (NNN) Corporate Ground Lease
  • 10 Percent Rental Increases Every Five Years
  • New High-Quality 2022 Construction
  • 134,114 Residents within a Five-Mile Radius - Phoenix MSA
  • Rapidly Growing Queen Creek Trade Area - Households and Population Projected to Increase 24 Percent + within a Three-Mile Radius by 2026
  • Situated in Queen Creek's Dominant Retail Corridor - Walmart, Target, PetSmart, Sprouts Farmers Market, Chick-fil-A, and More
  • Excellent Frontage Along Ellsworth Loop Road (75,700+ Cars per Day) with Over 93,000 Cars per Day at the Intersection of Ellsworth Loop Road and Ocotillo Road
  • Five Miles (10 Minute Drive) from Arizona State University's Polytechnic Campus

Investment Overview

Founded in 1990, Brakes Plus offers brake and auto repair services, tire rotation, oil changes, transmission services, and more. Whether it's scheduled maintenance or oil changes, shocks and struts or brake repair/maintenance, Brakes Plus provides customers a service they can trust at a price they can afford. Brakes Plus now has 103 locations and growing across six states: Arizona, Colorado, Iowa, Nebraska, Texas, and Wyoming. Queen Creek is a boom town, with exceptional climate, natural recreational riches and a relaxed, rural lifestyle. Population has doubled since 2010. According to the most recent census, Queen Creek is the number one fastest growing city in the state of Arizona. The city boasts a vibrant economy with the third highest median income in Arizona’s Maricopa County. Queen Creek’s approximately 68,500 residents enjoy the benefits of small-town living close to a metropolitan area: low crime rates, easy commuting to and from metro Phoenix, excellent air quality and a variety of recreational activities.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s): AZ: BR675146000

    Arizona

Financing By

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