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Auto Parts

AAA

3638 E Thomas Rd, Phoenix, AZ 85018

Listing Price: $3,539,000

Cap Rate
4.50%
Tenant Name
AAA of Northern California, Nevada, and Utah
Years Remaining On Lease
10.1
Gross SF
6,636
Guarantor
No Guarantee
Rentable SF
6,636
Price/Gross SF
$533.30
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$24.00

Investment Overview

Established in 1900, AAA offers a wide array of automotive, travel, insurance and financial services. In North America, AAA is a not-for-profit, fully tax-paying federation of 44 motor clubs with more than 1,100 offices, serving more than 53 million Members throughout the United States (35 clubs) and Canada (nine clubs). The Phoenix metro consists of Maricopa and Pinal counties, and includes more than 30 incorporated and more than 30 unincorporated towns and cities. Since 2000, the population in the metro increased by more than 38 percent. The largest city is Phoenix, which encompasses about 520 square miles, is the capital city and boasts a population of more than one and a half million.

Investment Highlights

  • New 10-Year Absolute Triple-Net (NNN) Lease
  • 10 Percent Rental Increases Every Five Years with Two, Five-Year Renewal Options
  • 293,308 Residents Within a Five-Mile Radius - Growing Phoenix MSA Trade Area
  • Brand New High-Quality 2021 Renovated Property
  • Visible to Over 40,800 Cars per Day Along East Thomas Road
  • Adjacent to The Home Depot and Walmart Supercenter Anchored Shopping Plaza
  • Close Proximity to High Traffic Intersection - Over 73,000 Cars per Day at Intersection of North 32nd Street and East Thomas Road
  • Less than One Mile to Arcadia Crossing Business Center with Over 30 National and Local Retailers

Exclusively Listed By

Listing Price: $3,539,000

Cap Rate
4.50%
Tenant Name
AAA of Northern California, Nevada, and Utah
Years Remaining On Lease
10.1
Gross SF
6,636
Guarantor
No Guarantee
Rentable SF
6,636
Price/Gross SF
$533.30
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$24.00

Investment Highlights

  • New 10-Year Absolute Triple-Net (NNN) Lease
  • 10 Percent Rental Increases Every Five Years with Two, Five-Year Renewal Options
  • 293,308 Residents Within a Five-Mile Radius - Growing Phoenix MSA Trade Area
  • Brand New High-Quality 2021 Renovated Property
  • Visible to Over 40,800 Cars per Day Along East Thomas Road
  • Adjacent to The Home Depot and Walmart Supercenter Anchored Shopping Plaza
  • Close Proximity to High Traffic Intersection - Over 73,000 Cars per Day at Intersection of North 32nd Street and East Thomas Road
  • Less than One Mile to Arcadia Crossing Business Center with Over 30 National and Local Retailers

Investment Overview

Established in 1900, AAA offers a wide array of automotive, travel, insurance and financial services. In North America, AAA is a not-for-profit, fully tax-paying federation of 44 motor clubs with more than 1,100 offices, serving more than 53 million Members throughout the United States (35 clubs) and Canada (nine clubs). The Phoenix metro consists of Maricopa and Pinal counties, and includes more than 30 incorporated and more than 30 unincorporated towns and cities. Since 2000, the population in the metro increased by more than 38 percent. The largest city is Phoenix, which encompasses about 520 square miles, is the capital city and boasts a population of more than one and a half million.

Exclusively Listed By

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