Valero Portfolio Priced below land value!

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Overview

Address


Multiple Locations,

Portfolio Price

$2,608,695 | 5.75% Cap Rate

Investment Highlights

Can be bought as a Portfolio or Individually

Well Below Market Rents at Each Location

NNN Leases, No Landlord Repsonsibilities, Established Operators

Surrounded by National Tenants and Each Location is about an Acre on a High Traffic Road

Property Address and Lease Overview

7448 E Pav Way, Prescott Valley, AZ:
$417,391
Lease Term | 15 year lease
Commencement Date | July 30, 2015
Increases | 20% - 25% every 5 Years
Current Rent | $24,000/year
Next Rent Increase | June 1, 2020 to $30,000/year
NO RENEWAL OPTIONS which allows for future development of the location


784 N McQueen Road, Gilbert, AZ:
$1,043,478
Lease Term | 15 year lease
Commencement Date | April 30, 2015
Increases | 5% every 5 Years
Current Rent | $60,000/year
Next Rent Increase | April 1, 2020 to $63,000/year
NO RENEWAL OPTIONS which allows for future development of the location


8322 W Olive Avenue, Peoria, AZ:
$1,147,826
Lease Term | 15 year lease
Commencement Date | April 28, 2015
Increases | 5% every 5 Years
Current Rent | $66,000/year
Next Rent Increase | April 1, 2020 to $69,300/year
NO RENEWAL OPTIONS which allows for future development of the location

Sales

Brokerage Team

David Sobelman, Founder & CEO with over a decade of net lease experience.

David Sobelman

877.233.3331 ds@3-properties.com

Please contact us for more information:

Phone
877-233-3331