1245 W Chandler BlvdAvailable Space

1245 West Chandler Boulevard, Chandler, AZ 85224

Last Updated: 07/02/2016
Property Type:
Listing Type:Space for Lease
Size:7,000 SF
Rate:Contact
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1245 West Chandler Boulevard, Chandler, AZ 85224

Space Overview

Space Details

Property Type:
Listing Type:Space for Lease
Size:7,000 SF
Rate:Contact
Min-Max Size:7,000-7,000 SF
Rate Type:NNN
Floor Number:1

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

Location

1245 West Chandler Boulevard, Chandler, AZ 85224

Property Inquiry