Start a Search1245 W Chandler Blvd

1245 W Chandler Blvd

1245 West Chandler Boulevard, Chandler, AZ 85224

Last Updated: 07/27/2018
Property Type:Retail
Year Built:
Class:
Size:1.1 Acres
1 of 4
1245 West Chandler Boulevard, Chandler, AZ 85224

Building Overview

Building Description

SRS is offering the rare opportunity to acquire the fee simple interest (land and building) in a 100% occupied, drive-thru Starbucks-anchored four tenant pad, located in Chandler, AZ (Phoenix MSA). The subject property is an outparcel pad to a Safeway Grocery and Home Depot-anchored center. The tenants are drive-thru Starbucks (corporate, S&P rating: “A-”) Lasik (corporate), Great Clips (franchisee), and Yogi’s Grill (franchisee). Starbucks, Lasik Plus, and Yogi’s Grill all feature recent long-term 10-year leases and rent increases in year 6 which generate NOI growth and hedge against inflation. Additionally, all the tenants are on net leases, reimbursing for taxes, insurance and common area maintenance, limiting expense leakage for a new investor.

Building Details

Property Type:Retail
Year Built:
Class:
Size:1.1 Acres

All Listings in this Building

1245 West Chandler Boulevard, Chandler, AZ 85224
1245 W Chandler Blvd
Listing Type:Building for Sale
Size:1.1 Acres
Price:$4,739,000.00

Location

1245 West Chandler Boulevard, Chandler, AZ 85224

Contact

A

Alan Houston

alan.houston@srsre.com

Direct: 602-682-6022

P

Patrick R. Luther

patrick.luther@srsre.com

Direct: 949-698-1115

Property Inquiry