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Blue Cross 4111 N 36th St

7,016 SF Retail Building Phoenix, AZ 85018 £1,726,980 (£246/SF) 5.40% Net Initial Yield

Investment Highlights

  • 11 months into 5 year current lease, 2% annual escalation, with 3 options of a 5 year renewal 5.4% cap rate
  • Attention 1031 investors. Inspected Nov 2023 - All repairs completed. True NNN lease, Watch your cap rate grow.

Executive Summary

Investment opportunity!!! Beautiful, well-maintained, state-of-the-art veterinary building for sale with a long-term corporate tenant, with true NNN lease! Well-established area in North Central Phoenix: growing urban, affluent, many new remodels and new businesses, good schools, and restaurants. Perfect for 1031.
Inspection done in Nov 2023, all repairs completed.
Contact Jim - 360-941-2341 or jim@omni-pg.com Lic.#SA688858000 (AZV327)
Please Do Not Disturb Tenant

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Veterinarian/Kennel
Building Size
7,016 SF
Building Class
B
Year Built
2001
Price
£1,726,980
Price Per SF
£246
Net Initial Yield
5.40%
NOI
£93,257
Tenancy
Single
Number of Floors
1
Building FAR
0.29
Land Acres
0.55 AC
Zoning
C-C
Parking
36 Spaces (5.13 Spaces per 1,000 SF Leased)
Frontage
126 ft on 36th St

Amenities

  • Pylon Sign
  • Signage
  • Tenant Controlled HVAC
  • Monument Signage
  • Air Conditioning
Walk Score ®
Very Walkable (77)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Club Pilates
Altitude Trampoline Park
Sunbelt Rentals
Coffee Bean & Tea Leaf
Premier Martial Arts
Pure Barre
Dutch Bros
Salad and Go
F45 Training, Inc.
Anytime Fitness

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
170-31-003B
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£151,316
  • Listing ID: 33252128

  • Date on Market: 20/09/2024

  • Last Updated:

  • Address: 4111 N 36th St, Phoenix, AZ 85018

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