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Blue Cross 4111 N 36th St 7,016 sq ft Retail Property Phoenix, AZ 85018 £1,645,106 (£234.48/sq ft) 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 at 360-941-2341 or jim@omni-pg.com for more information. Lic.#SA688858000 (AZV327)
Please Do Not Disturb Tenant
Inspection done in Nov 2023, all repairs completed.
Contact Jim at 360-941-2341 or jim@omni-pg.com for more information. Lic.#SA688858000 (AZV327)
Please Do Not Disturb Tenant
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Property Size
7,016 sq ft
Costar Property Class
B
Year Built
2001
Price
£1,645,106
Price per sq ft
£234.48
Yield
5.40%
NOI
£88,836
Tenancy
Single
Number of Floors
1
Plot ratio
0.29
Total Plot Size
0.55 ac
Use Class
C-C
Parking
36 Spaces (5.13 Spaces per 1,000 sq ft Leased)
Frontage
126 ft on 36th St
AMENITIES
- Pylon Sign
- Signage
- Tenant Controlled HVAC
- Monument Signage
- Air Conditioning
Walk Score®
Easily Walkable (80)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 170-31-003B | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £143,982 |
PROPERTY TAXES
Parcel Number
170-31-003B
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£143,982
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Blue Cross | 4111 N 36th St
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