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Auto Parts

AAMCO - 15 Yr Absolute NNN

NWC S Arizona Ave & W Germann Rd, Chandler, AZ 85286

Listing Price: $3,500,000

Cap Rate
5.00%
Tenant Name
Wayne C. Martella
Years Remaining On Lease
14.8
Gross SF
4,411
Guarantor
Personal Guarantee
Rentable SF
4,411
Price/Gross SF
$793.47
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$39.67

Investment Overview

From transmissions to tune-ups and for everything in between, people who know go to AAMCO. The AAMCO brand has over 600 automotive centers throughout the United States and Canada and has served more than 35 million drivers since 1962. The Tenant, Wayne Martella, has been in business for 40 years. He is a six unit Franchisee of AAMCO. Located in Metropolitan Phoenix, Chandler embodies an active lifestyle with easy access to outdoor recreation with endless family-fun, award-winning events, world-class golf facilities, and a vibrant downtown. Visitors and residents enjoy the diverse community with its vibrant restaurants of every cuisine, premier shopping, arts and culture and a wide range of things to do all year-round.

Investment Highlights

  • Brand New 15-Year Absolute Triple-Net (NNN) Lease with Multi-Unit Franchisee
  • 10 Percent Rental Increases Every Five Years
  • 290,800 Residents within a Five-Mile Radius in a Rapidly Growing Trade Area - Households and Population Projected to Increase 10 Percent+ in Immediate Area by 2027
  • New High-Quality 2022 Construction
  • Excellent Visibility Along Arizona Avenue with 32,500 Cars/Day at the Intersection of Arizona Avenue and Germann Road
  • Adjacent to a New Super Star Car Wash Under Construction and 556 New Luxury Apartment Units
  • Average Household Income Exceeds $142,000 within a One-Mile Radius
  • Situated Less Than One Mile Off the Loop 202 Freeway, a Major Phoenix Area Connector

Exclusively Listed By

Broker of Record

  • James K. Crawley

    Associate Regional Manager

    (602) 687-6700

    License(s) AZ: SA659077000

    Arizona

Financing By

Auto Parts

AAMCO - 15 Yr Absolute NNN

Listing Price: $3,500,000

Cap Rate
5.00%
Tenant Name
Wayne C. Martella
Years Remaining On Lease
14.8
Gross SF
4,411
Guarantor
Personal Guarantee
Rentable SF
4,411
Price/Gross SF
$793.47
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$39.67

Investment Highlights

  • Brand New 15-Year Absolute Triple-Net (NNN) Lease with Multi-Unit Franchisee
  • 10 Percent Rental Increases Every Five Years
  • 290,800 Residents within a Five-Mile Radius in a Rapidly Growing Trade Area - Households and Population Projected to Increase 10 Percent+ in Immediate Area by 2027
  • New High-Quality 2022 Construction
  • Excellent Visibility Along Arizona Avenue with 32,500 Cars/Day at the Intersection of Arizona Avenue and Germann Road
  • Adjacent to a New Super Star Car Wash Under Construction and 556 New Luxury Apartment Units
  • Average Household Income Exceeds $142,000 within a One-Mile Radius
  • Situated Less Than One Mile Off the Loop 202 Freeway, a Major Phoenix Area Connector

Investment Overview

From transmissions to tune-ups and for everything in between, people who know go to AAMCO. The AAMCO brand has over 600 automotive centers throughout the United States and Canada and has served more than 35 million drivers since 1962. The Tenant, Wayne Martella, has been in business for 40 years. He is a six unit Franchisee of AAMCO. Located in Metropolitan Phoenix, Chandler embodies an active lifestyle with easy access to outdoor recreation with endless family-fun, award-winning events, world-class golf facilities, and a vibrant downtown. Visitors and residents enjoy the diverse community with its vibrant restaurants of every cuisine, premier shopping, arts and culture and a wide range of things to do all year-round.

Exclusively Listed By

Broker of Record

  • James K. Crawley

    Associate Regional Manager

    (602) 687-6700

    License(s): AZ: SA659077000

    Arizona

Financing By

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