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Miscellaneous

Cycle Gear - 150 Unit Guarantor

13220 N Cave Creek Rd, Phoenix, AZ 85022

Listing Price: $2,459,000

Cap Rate
5.50%
Tenant Name
Cycle Gear
Years Remaining On Lease
14.2
Gross SF
8,025
Guarantor
Corporate Guarantee
Rentable SF
8,025
Price/Gross SF
$306.42
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$16.85

Investment Overview

Cycle Gear is the largest and fastest-growing retailer of motorcycle parts, gear, and apparel in America. The first store opened in Northern California in 1974 and has since grown to over 140 stores in 37 U.S. states. Brands offered at Cycle Gear include Bilt, Rev’It, Sedici, Street & Steel, Fox, O’Neal, and more. Cycle Gear is part of the Comoto Family of Brands, which also includes RevZilla and J&P Cycles. Comoto is America’s largest and fastest growing omni-channel platform in the powersports aftermarket-products industry. With 150 stores nationwide, Comoto has over 90 years of combined industry experience. The Phoenix metro consists of Maricopa and Pinal counties, and includes more than 30 incorporated and more than 30 unincorporated towns and cities. As of 2020, Metro Phoenix had 4.8 million residents, making it the nation's 11th largest metropolitan area. The largest city is Phoenix, which encompasses about 520 square-miles and boasts a population of more than 1.6 million.

Investment Highlights

  • New Absolute Triple-Net (NNN) Lease with 14+ Years Remaining
  • 10 Percent Rental Increases Every Five Years
  • 334,254 Residents within a Five-Mile Radius - Dense North Phoenix Trade Area
  • Excellent Access and Visibility Along North Cave Creek Road (32,000+ Cars per Day)
  • Lease Guaranteed by Comoto Holdings, Inc. - America's Largest Powersports Aftermarket Retailer
  • Two Miles Off Piestewa Freeway (SR 51), a Major Connector Providing Direct Access to the I-10 and Loop 101 Freeways
  • Average Household Income Exceeds $102,000 within the Immediate Area
  • Several National Retailers Located within One Mile - The Home Depot, Harley-Davidson, AutoZone Auto Parts, Taco Bell, Denny's, and More

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s) AZ: BR675146000

    Arizona

Financing By

Miscellaneous

Cycle Gear - 150 Unit Guarantor

Listing Price: $2,459,000

Cap Rate
5.50%
Tenant Name
Cycle Gear
Years Remaining On Lease
14.2
Gross SF
8,025
Guarantor
Corporate Guarantee
Rentable SF
8,025
Price/Gross SF
$306.42
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$16.85

Investment Highlights

  • New Absolute Triple-Net (NNN) Lease with 14+ Years Remaining
  • 10 Percent Rental Increases Every Five Years
  • 334,254 Residents within a Five-Mile Radius - Dense North Phoenix Trade Area
  • Excellent Access and Visibility Along North Cave Creek Road (32,000+ Cars per Day)
  • Lease Guaranteed by Comoto Holdings, Inc. - America's Largest Powersports Aftermarket Retailer
  • Two Miles Off Piestewa Freeway (SR 51), a Major Connector Providing Direct Access to the I-10 and Loop 101 Freeways
  • Average Household Income Exceeds $102,000 within the Immediate Area
  • Several National Retailers Located within One Mile - The Home Depot, Harley-Davidson, AutoZone Auto Parts, Taco Bell, Denny's, and More

Investment Overview

Cycle Gear is the largest and fastest-growing retailer of motorcycle parts, gear, and apparel in America. The first store opened in Northern California in 1974 and has since grown to over 140 stores in 37 U.S. states. Brands offered at Cycle Gear include Bilt, Rev’It, Sedici, Street & Steel, Fox, O’Neal, and more. Cycle Gear is part of the Comoto Family of Brands, which also includes RevZilla and J&P Cycles. Comoto is America’s largest and fastest growing omni-channel platform in the powersports aftermarket-products industry. With 150 stores nationwide, Comoto has over 90 years of combined industry experience. The Phoenix metro consists of Maricopa and Pinal counties, and includes more than 30 incorporated and more than 30 unincorporated towns and cities. As of 2020, Metro Phoenix had 4.8 million residents, making it the nation's 11th largest metropolitan area. The largest city is Phoenix, which encompasses about 520 square-miles and boasts a population of more than 1.6 million.

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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