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Auto Service - Gas-Conv

Raceway Car Wash

7801 N 43rd Ave, Phoenix, AZ 85051

Listing Price: $4,946,000

Cap Rate
5.75%
Tenant Name
Raceway Car Wash
Years Remaining On Lease
17.0
Gross SF
1,570
Guarantor
Franchisee Guarantee
Rentable SF
1,570
Price/Gross SF
$3,150.32
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$181.14

Investment Overview

Tenant Operates 34+ Units. Store Performance is strong and increasing every year. Located in a Strong Retail Corridor with many strong National tenants. Strong Demographics (3-Mile Radius). More Than 190,000 Residents. Daytime Population of More Than 177,636. Younger Population (3-Mile Radius). 51.79% of Residents Under 35
Median Age: 33. Nearby Businesses & Schools: Frys Food Store, ARCO, Apollo High School, Palo Verde Middle School, Roadrunner Elementary School and More.

Investment Highlights

  • New 20-Year NNN Lease with 17 years remaining
  • Annual 1.50% Rental Increases with three 5-year options
  • Absolute NNN Lease with NO Landlord Responsibilities

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    Vice President / Regional Manager

    (602) 687-6700

    License(s) AZ: BR675146000

    Arizona

Auto Service - Gas-Conv

Raceway Car Wash

Listing Price: $4,946,000

Cap Rate
5.75%
Tenant Name
Raceway Car Wash
Years Remaining On Lease
17.0
Gross SF
1,570
Guarantor
Franchisee Guarantee
Rentable SF
1,570
Price/Gross SF
$3,150.32
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$181.14

Investment Highlights

  • New 20-Year NNN Lease with 17 years remaining
  • Annual 1.50% Rental Increases with three 5-year options
  • Absolute NNN Lease with NO Landlord Responsibilities

Investment Overview

Tenant Operates 34+ Units. Store Performance is strong and increasing every year. Located in a Strong Retail Corridor with many strong National tenants. Strong Demographics (3-Mile Radius). More Than 190,000 Residents. Daytime Population of More Than 177,636. Younger Population (3-Mile Radius). 51.79% of Residents Under 35
Median Age: 33. Nearby Businesses & Schools: Frys Food Store, ARCO, Apollo High School, Palo Verde Middle School, Roadrunner Elementary School and More.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    Vice President / Regional Manager

    (602) 687-6700

    License(s): AZ: BR675146000

    Arizona

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