Chandler, AZ 85225

7-Eleven

Property Address

774 North Arizona Avenue, Chandler, AZ, USA

Offering Summary

  • Price: $636,000
  • Lot Size: .24 Acres
  • Cap Rate: 5.50%
  • Year Built: 1961
  • Building SF: 2,521
  • Status: Available
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  • 5.5 Years Remaining on Absolute Triple-Net (NNN) Corporate Lease - Strong Investment Grade Tenant
  • 10% Rental Increases
  • Tenant Exercised 5 Year Lease Extension as of December 2020
  • Low Rental Rate of $13.88/SF NNN
  • Long Term 7-Eleven Location for 59 Years (Since 1961), Showing Long-Term Commitment to the Site
  • Chandler is a Rapidly Growing Suburb of Phoenix and a High Demand Area for Fortune 500 & 1000 Companies (Intel, Orbital ATK, Amkor Technology, etc)
  • 338,106 Residents within a 5-Mile Radius - Phoenix MSA
  • Less Than 1 Mile Down the Road from Downtown Chandler and Chandler High School (3,220 Students)

Broker Information