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Phoenix, AZ 85033

Bank of America Ground Lease

Property Address

7723 W Thomas Rd, Phoenix, AZ, USA

Offering Summary

  • Price: $2,043,700
  • Lot Size: 1.45 Acres
  • Cap Rate: 5.0%
  • Year Built: 1982
  • Building SF: 4,240
  • Status: Available
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  • 6 Years Remaining on Absolute Triple-Net (NNN) Ground Lease - $200M+ in Deposits
  • Rent Increases Occurring Every 5 Years - Only One Renewal Option Remaining
  • Highly-Populated Phoenix Trade Area - 409,907 Residents within a 5-Mile Radius
  • Subject Property is Ranked #1 Out of 98 Bank of America Locations in Arizona (Placer.ai)
  • Outparcel to Desert Sky Mall, a Regional Shopping Mall with ±130 Stores
  • Situated Near the Corner of Thomas Road and North 75th Avenue, Accessible by ±93,800 Cars per Day
  • Dense Retail Corridor Location, Surrounded by National Tenants: Target, LA Fitness, The Home Depot, and More
  • One Mile Off Interstate 10, a Significant Connector for the Greater Phoenix Area (±328,200 Cars per Day)

Broker Information

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