Description
EXECUTIVE SUMMARY - This offering memorandum features for sale the 6,695 SF Lexington Academy located at 7080 N 19th Ave Located in Phoenix, Arizona. With 5+ years on absolute triple net (NNN) Single Tenant lease, 5.66% cap and 1.5% rent increases annually. This opportunity provides for a best-of-class investment with income growth of an established tenant, featuring zero landlord responsibilities.Featuring strong real estate fundamentals and the site at the hard corner signalized intersection, which showcases the visibility this property receives. The property is strategically located within a commercial corridor that has a synergistic mix of both retail as well as large industrial parks surrounded by dense residential neighborhoods and apartment communities.NEARBY MAJOR RETAILERS FRYS, WENDYS, JACK IN THE BOX, STARBUCKS, ACE HARDWARE, BANNER URGENT CARE, THE CORE INSTITUTE SPECIALITY HOSPITAL, BANK OF AMERICA, BMO HARRIS BANK
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0BEDS
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0.51ACRES
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0BATHS
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01/2 BATHS
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6,696SQFT
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$402$/SQFT
School Ratings & Info
Description
EXECUTIVE SUMMARY - This offering memorandum features for sale the 6,695 SF Lexington Academy located at 7080 N 19th Ave Located in Phoenix, Arizona. With 5+ years on absolute triple net (NNN) Single Tenant lease, 5.66% cap and 1.5% rent increases annually. This opportunity provides for a best-of-class investment with income growth of an established tenant, featuring zero landlord responsibilities.Featuring strong real estate fundamentals and the site at the hard corner signalized intersection, which showcases the visibility this property receives. The property is strategically located within a commercial corridor that has a synergistic mix of both retail as well as large industrial parks surrounded by dense residential neighborhoods and apartment communities.NEARBY MAJOR RETAILERS FRYS, WENDYS, JACK IN THE BOX, STARBUCKS, ACE HARDWARE, BANNER URGENT CARE, THE CORE INSTITUTE SPECIALITY HOSPITAL, BANK OF AMERICA, BMO HARRIS BANK
© 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than CANAM Realty Group. Data last updated 2022-06-24T17:15:54.803.