Gilbert, AZ 85234

Chase Bank Ground Lease

Property Address

1565 North Greenfield Road, Gilbert, AZ, USA

Offering Summary

  • Price: $4,628,000
  • Lot Size: 2.07 Acres
  • Cap Rate: 5.15%
  • Year Built: 2009
  • Building SF: 5,307
  • Status: In Escrow
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  • Absolute Triple-Net (NNN) Corporate Ground Lease
  • 9+ Years Remaining on Lease Term with 12% Rental Increases Every 5 Years
  • Nearly 353,400 Residents in Growing Gilbert Trade Area - Phoenix MSA
  • Households Projected to Increase 11%+ in Immediate Area by 2023
  • Signalized Hard Corner Location - 80,900+ Cars/Day at the Greenfield Road and Baseline Road Intersection
  • Easily Accessible - 1/2 Mile Off the US-60 (210,200 Cars/Day), a Major Connector for the Phoenix Area
  • Average Household Income Exceeds $99K within a 1-Mile Radius
  • Located in Major Retail Corridor - Walmart, Hobby Lobby, LA Fitness, At Home, Sportsman’s Warehouse, and More
  • Serves the Val Vista Lakes Master Planned Community - a 900-Acre Community with 24 Residential Subdivisions, 4 Sports Parks, Bicycle Paths, and a Luxurious Clubhouse
  • Down the Road from Village Square at Dana Park, an Upscale Shopping Center Home to Anthropologie, Barnes & Noble, AJ’s Fine Foods, Loft, and More

Broker Information