This listing is under contract.

Just Listed: Goodwill Gilbert, AZ | Attractive 6.0% Cap Rate | $127,568 Average 3 Mile Household Income

4570 S Higley Rd Gilbert, AZ 85297

4570 S Higley Rd, Gilbert, AZ, 85297
4570 S Higley Rd, Gilbert, AZ, 85297
UNDER CONTRACT FOR SALE NNN Property
Property Type:
Single Tenant Retail (NNN)
Amount:
$6,637,000
Cap Rate:
6.00%
Last Verified:
Nov 11, 2020

  • Single-tenant Goodwill investment opportunity, offering a 15-year lease with ±10.5 years remaining.
  • Attractive 10% rental increases every five years in the initial term and throughout the two (2), five-year options.
  • Goodwill of Central Arizona was founded in 1947 and is one of the oldest and largest non-profit organizations in the state.
  • Goodwill of Central Arizona operates ±108 retail stores in the Phoenix-metro area, including Prescott and Yuma.
  • Exceptional demographics in a five-mile radius, with a 2010-2020 annual population growth rate of 3.76% and 2020 average household income of $127,834 (Source: Esri).
  • Nearby national retailers include Lowe’s Home Improvement, Chase Bank, Starbucks, Verizon Wireless, and more.

Additional URLs

Map of 4570 S Higley Rd, Gilbert, AZ, 85297

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.