Chase Bank Absolute NNN Corporate Lease 2812 North Pinal Avenue, Casa Grande, AZ Cap Rate 5% Casa Grande ( Arizona, US ) Built

$3,025,000 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 4,369 sq. ft.
  • Development Level: Built
  • Lot Size: 1.34 acres
  • Year Built: 2008

Description

Chase Bank Absolute NNN Corporate Lease 2812 North Pinal Avenue, Casa Grande, AZ Cap Rate 5%

Cap Rate: 5%
NOI: $151,250
Building Size: 4,369 sqft
Lot Area: 1.34 acres
Lease Type: Absolute Net
Year Built: 2008
Price Per Sqft: $692.38

DESCRIPTION
Marcus & Millichap is pleased to present for sale this Chase Bank located in Casa Grande, Arizona. The tenant, Chase has over 9.5 years remaining on an absolute NNN corporate lease with zero landlord responsibilities. The Lease features 10% rental increases every five years and two, five-year option periods. The property is exceptionally well located on the corner of McCartney Road and Pinal Avenue, a strong retail corridor that averages 27,000 vehicles per day. Chase has prominent visibility placed on a cornered intersection. The bank is Anchored by Fry’s Marketplace which also includes McDonald’s, Ace Hardware, Subway, Taco Bell and many others.

Casa Grande, the second largest community in Pinal County, was founded in 1879 and incorporated in 1915, is named for the famous Hohokam Indian ruins 20 miles to the northeast. Known as a “community first” hometown, Casa Grande is a forward-looking city yet one that has retained its small-town charm. Casa Grande, with a population of more than 45,000 full-time residents and about 20,000 part-time, winter residents, is located in the center of the megapolitan corridor. It is a 45-minute drive from Phoenix to the north and an hour from Tucson to the south, and at the intersection of two major interstates, I-10 and I-8. However, most residents feel that they can find whatever they need locally, without having to travel outside of the Casa Grande area.

Casa Grande is also known for its commercial and residential growth, retail and accommodation options, stable local economy, dedicated City and County governments, wide range of services including excellent schools, outstanding medical care, employment opportunities, affordable housing, and much more. You will find a wide variety of shopping and dining experiences, historic sites, attractions, golf, movies, museums, community theatre, as well as many unique festivals and events, all which make our area uniquely prepared to celebrate Casa Grande’s exceptional appeal.

HIGHLIGHTS
• Hard Corner Pad, Anchored by Fry’s Marketplace
• Landlord Has Zero Responsibility – Tenant is Responsible for All Maintenance, Repairs and Replacement
• Chase Bank is one of The Big Four Banks of the United States.
• Corporate NNN Lease – 10% Increases ever 5-Years and Two 5-Year Options to Renew

For more information:
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: +52 (81) 1599 75 36
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.

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Information is deemed to be correct but not guaranteed.