Long Term Absolute NNN Kerry's Car Care | 1085 S Cooper Rd
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Long Term Absolute NNN Kerry's Car Care 1085 S Cooper Rd
8,409 SF Retail Building Chandler, AZ 85286 £3,512,858 (£418/SF) 6% Net Initial Yield
Investment Highlights
- Long term primary lease term - ±19 years remaining
- Corporate Guaranty
- Strong average annual incomes of $143,759 in a 3 mile radius
- Absolute NNN lease – zero landlord responsibilities
- New Construction
- Densely populated trade area with over 325,000 residents in a 5 mile radius
Executive Summary
INVESTMENT HIGHLIGHTS
• Long term primary lease term - ±19 years remaining
• Absolute NNN lease – zero landlord responsibilities
• Corporate Guaranty
• New Construction
TENANT HIGHLIGHTS
• Better Business Bureau Rating: A+
• Kerry’s has been doing business for almost 30 years with 8 locations in Arizona
• Drive Automotive Services, the parent company had a net revenue of $69.93M in 2023
• Drive Automotive Services has 43 locations under 8 different brands with projections of opening another 75 locations in the next 3 years
LOCATION HIGHLIGHTS
• Strong average annual incomes of $143,759 in a 3 mile radius
• Densely populated trade area with over 325,000 residents in a 5 mile radius
• Less than 1 mile from the Chandler Auto Park, a major revenue generator for Kerry’s with dealerships such as Porsche, Audi, Volvo, Mercedes-Benz, Cadillac, and more
• ±1 mile from Chandler Municipal Airport, a $110M annual economic driver for Arizona
• Frontage at the intersection of Cooper Rd and Pecos Rd(±26,480 VPD)
• Less than 1 mile from Loop 202 Freeway (±147,723 VPD)
• Long term primary lease term - ±19 years remaining
• Absolute NNN lease – zero landlord responsibilities
• Corporate Guaranty
• New Construction
TENANT HIGHLIGHTS
• Better Business Bureau Rating: A+
• Kerry’s has been doing business for almost 30 years with 8 locations in Arizona
• Drive Automotive Services, the parent company had a net revenue of $69.93M in 2023
• Drive Automotive Services has 43 locations under 8 different brands with projections of opening another 75 locations in the next 3 years
LOCATION HIGHLIGHTS
• Strong average annual incomes of $143,759 in a 3 mile radius
• Densely populated trade area with over 325,000 residents in a 5 mile radius
• Less than 1 mile from the Chandler Auto Park, a major revenue generator for Kerry’s with dealerships such as Porsche, Audi, Volvo, Mercedes-Benz, Cadillac, and more
• ±1 mile from Chandler Municipal Airport, a $110M annual economic driver for Arizona
• Frontage at the intersection of Cooper Rd and Pecos Rd(±26,480 VPD)
• Less than 1 mile from Loop 202 Freeway (±147,723 VPD)
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
8,409 SF
Building Class
B
Year Built
2023
Price
£3,512,858
Price Per SF
£418
Net Initial Yield
6%
NOI
£210,772
Tenancy
Single
Number of Floors
1
Building FAR
0.12
Land Acres
1.56 AC
Zoning
Commercial - Commercial
Amenities
- Signalised Intersection
Nearby Major Retailers
-
Chris Hollenbeck -
Shane Carter -
Cushman & Wakefield
1 of 7
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Long Term Absolute NNN Kerry's Car Care | 1085 S Cooper Rd
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