Car Wash
Cobblestone Auto Spa Sale-Leaseback
2310 S Higley Rd, Gilbert, AZ 85295
Listing Price: $6,250,000
Cap Rate
6.25%
Tenant Name
Cobblestone Car Wash
Guarantor
Corporate Guarantee
Rentable SF
5,897
Lease Type
Absolute Net
Rent Per Square Feet
$66.24
Investment Overview
2310 S Highly Rd, Gilbert, AZ
Cobblestone Auto Spa Sale-Leaseback
Investment Highlights
- Attractive Rent Escalations: The lease includes 1.50% annual rental increases, providing built-in income growth and inflation protection throughout the full lease term and option periods.
- Proximity to Key Institutions and Retail Hubs: Nearby traffic drivers include Williams Field High School (2,195 students), and several large shopping centers such as SanTan Village Marketplace.
- Long-Term 20-Year Absolute NNN Lease: The offering features a brand-new 20-year absolute NNN lease, providing true passive ownership.
- Bonus Depreciation Opportunity: The property qualifies for 100% bonus depreciation, offering investors significant tax advantages in the early years of ownership. These incentives enhance after-tax cash flow and improve overall investment returns, making this asset especially attractive for buyers seeking efficient tax treatment on real estate holdings. SURMOUNT and Marcus and Millichap are not a tax advisors. Please consult your own tax professional.
- High-Performing Sector with Regional Dominance: Cobblestone's proven success and aggressive growth throughout Arizona and surrounding states further strengthen the long-term viability of this essential service retail asset, strategically located in a densely populated Gilbert trade area. Gilbert is one of the most densely populated communities in Arizona, with over 4,000 residents per square mile packed into a 73 mile suburban area.
- Dense Population in Phoenix Suburb: The subject property benefits from its location about 22 miles east of Phoenix, which is the largest city in Arizona. There are over 17,914 individuals residing within a one-mile radius, over 117,513 individuals residing within a three-mile radius, and over 257,585 individuals residing within a five-mile radius of the subject property.
Exclusively Listed By
Broker of Record
-
Ryan Sarbinoff
First Vice President/Regional Manager
Listing Price: $6,250,000
Cap Rate
6.25%
Tenant Name
Cobblestone Car Wash
Guarantor
Corporate Guarantee
Rentable SF
5,897
Lease Type
Absolute Net
Rent Per Square Feet
$66.24
Investment Highlights
- Attractive Rent Escalations: The lease includes 1.50% annual rental increases, providing built-in income growth and inflation protection throughout the full lease term and option periods.
- Proximity to Key Institutions and Retail Hubs: Nearby traffic drivers include Williams Field High School (2,195 students), and several large shopping centers such as SanTan Village Marketplace.
- Long-Term 20-Year Absolute NNN Lease: The offering features a brand-new 20-year absolute NNN lease, providing true passive ownership.
- Bonus Depreciation Opportunity: The property qualifies for 100% bonus depreciation, offering investors significant tax advantages in the early years of ownership. These incentives enhance after-tax cash flow and improve overall investment returns, making this asset especially attractive for buyers seeking efficient tax treatment on real estate holdings. SURMOUNT and Marcus and Millichap are not a tax advisors. Please consult your own tax professional.
- High-Performing Sector with Regional Dominance: Cobblestone's proven success and aggressive growth throughout Arizona and surrounding states further strengthen the long-term viability of this essential service retail asset, strategically located in a densely populated Gilbert trade area. Gilbert is one of the most densely populated communities in Arizona, with over 4,000 residents per square mile packed into a 73 mile suburban area.
- Dense Population in Phoenix Suburb: The subject property benefits from its location about 22 miles east of Phoenix, which is the largest city in Arizona. There are over 17,914 individuals residing within a one-mile radius, over 117,513 individuals residing within a three-mile radius, and over 257,585 individuals residing within a five-mile radius of the subject property.
Investment Overview
2310 S Highly Rd, Gilbert, AZ
Exclusively Listed By
Broker of Record
-
Ryan Sarbinoff
First Vice President/Regional Manager
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