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Auto Parts

AAMCO

SEC Miller Road & Southern Avenue, Buckeye, AZ 85326

Listing Price: $3,215,000

Cap Rate
4.65%
Tenant Name
Wayne C. Martella
Years Remaining On Lease
15.3
Gross SF
4,411
Guarantor
Personal Guarantee
Rentable SF
4,411
Price/Gross SF
$728.86
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$33.89

Investment Overview

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. His first location was in Mesa, Arizona, which is where his flagship AAMCO store is currently located. He was the 1st franchisee in the Nation for AAMCO to gross $1 Million in sales in 1989. Wayne is the Chairman for AAMCO Arizona and also Chairman of NADA Operations Committee and Board member for NADA National Creative Committee. Buckeye is 30 miles west of Phoenix, located at the edge of the metro area and south of White Tank Mountain Regional Park. Founded in 1888, the city was originally named “Sidney.” In 1910, the name was changed to “Buckeye” and the city boomed as a result of the introduction of the railroad. Today, Buckeye is one of the fastest growing cities in the state and has become an important center in Arizona for industry, business, and commerce.

Investment Highlights

  • Brand New 15-Year Absolute Triple-Net (NNN) Lease with Multi-Unit Franchisee
  • 10 Percent Rental Increases Every Five Years
  • 47,719 Residents Within a Five-Mile Radius in a Rapidly Growing Trade Area - Households and Population Projected to Increase Over 16 Percent in Immediate Area by 2026
  • New High-Quality 2022 Construction
  • Excellent Visibility Along Miller Road with Nearly 41,000 Cars per Day at the Intersection of Miller Road and West Southern Avenue
  • Adjacent to National Retailers (AutoZone Auto Parts & Walgreens) and Surrounded by Planned Retail and Residential Development
  • Average Household Income Exceeds $82,000 Within a Five-Mile Radius
  • Situated in Immediate Proximity to I-10 (62,750 Cars per Day) via Miller Road and Phoenix Bypass Route 85 (20,000 Cars per Day) via West Southern Avenue

Exclusively Listed By

Listing Price: $3,215,000

Cap Rate
4.65%
Tenant Name
Wayne C. Martella
Years Remaining On Lease
15.3
Gross SF
4,411
Guarantor
Personal Guarantee
Rentable SF
4,411
Price/Gross SF
$728.86
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$33.89

Investment Highlights

  • Brand New 15-Year Absolute Triple-Net (NNN) Lease with Multi-Unit Franchisee
  • 10 Percent Rental Increases Every Five Years
  • 47,719 Residents Within a Five-Mile Radius in a Rapidly Growing Trade Area - Households and Population Projected to Increase Over 16 Percent in Immediate Area by 2026
  • New High-Quality 2022 Construction
  • Excellent Visibility Along Miller Road with Nearly 41,000 Cars per Day at the Intersection of Miller Road and West Southern Avenue
  • Adjacent to National Retailers (AutoZone Auto Parts & Walgreens) and Surrounded by Planned Retail and Residential Development
  • Average Household Income Exceeds $82,000 Within a Five-Mile Radius
  • Situated in Immediate Proximity to I-10 (62,750 Cars per Day) via Miller Road and Phoenix Bypass Route 85 (20,000 Cars per Day) via West Southern Avenue

Investment Overview

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. His first location was in Mesa, Arizona, which is where his flagship AAMCO store is currently located. He was the 1st franchisee in the Nation for AAMCO to gross $1 Million in sales in 1989. Wayne is the Chairman for AAMCO Arizona and also Chairman of NADA Operations Committee and Board member for NADA National Creative Committee. Buckeye is 30 miles west of Phoenix, located at the edge of the metro area and south of White Tank Mountain Regional Park. Founded in 1888, the city was originally named “Sidney.” In 1910, the name was changed to “Buckeye” and the city boomed as a result of the introduction of the railroad. Today, Buckeye is one of the fastest growing cities in the state and has become an important center in Arizona for industry, business, and commerce.

Exclusively Listed By

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