This listing is under contract.

Just Listed: Midas Peoria, AZ | $1.350M

6845 West Peoria Ave Peoria, AZ 85345

6845 West Peoria Ave, Peoria, AZ, 85345
6845 West Peoria Ave, Peoria, AZ, 85345
Property Type:
Single Tenant Retail (NNN)
Last Verified:
May 29, 2020

  • Single-tenant Midas investment opportunity, offering a triple-net (NNN) lease with ±4 years remaining.
  • 2019 population of ±396,818 in a five-mile radius (Source: Esri).
  • Founded in 1956, Midas has grown to over 2,100 locations worldwide. In 2019, Midas was named the top automotive aftermarket repair brand by Newsweek Magazine, and in 2020, was ranked #199 on Entrepreneur's Franchisee 500 List.
  • Midas Realty Corporation has an option to lease the Property if the current Franchisee Agreement terminates or expires, showing their commitment to the location.
  • Nearby national retailers include Walmart Neighborhood Market, AutoZone, O’Reilly Auto Parts, Starbucks, Chase Bank, McDonald’s, KFC, Taco Bell, and many more.
  • Major employers in the area include: Peoria Unified School District (±1,640 employees), City of Peoria (±1,570 employees), Fry's Food Stores (±720 employees), Target Stores, Inc. (±380 employees), and Immanuel Campus of Care (±330 employees).

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Map of 6845 West Peoria Ave, Peoria, AZ, 85345

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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.