2371 E Baseline Rd
Gilbert, AZ 85234
NEW Mobil Gas- Absolute NNN- 2% Annual Bumps · Retail Property For Sale

SUBMIT ALL OFFERS! BRAND NEW 15 YR. LEASE! We are pleased to offer a single tenant Absolute NNN Mobil Station that is strategically located at the SEC Baseline Road & Burk St. in Gilbert, AZ. Backed by an established gas station operator, the new lease is comprised of a 15 year primary term with 2% annual increases. There are 2 - 5 year options with 2% annual increases as well, providing an investor with excellent inflation protection along the life of the lease. Mobil, which merged with Exxon in 1999, is one of the most recognized gas brands in the world. ExxonMobil (NYSE: XOM) generates over $260B, with net income above $20B per year. It employs over 75,000 people and was ranked 6th globally in the Forbes Global 2000 List. HUGE POPULATION GROWTH! The station is situated within an established trade area that includes national retailers such as McDonald' s, Fry' s Food and Drug, Walgreens, Applebee' s, Trader Joes, Wells Fargo, Taco Bell, KFC, El Pollo Loco, Wendy' s, and Discount Tire. This is an excellent opportunity to purchase a well established gas station brand, backed by a strong operator, on an absolute NNN lease that offers attractive annual rental increases and zero management obligations.