This listing is under contract.
Just Listed for Sale: Wilhelm Automotive Phoenix | April 2020 Opening | 15 Year Absolute NNN Lease
15275 N 35th Ave
Phoenix, AZ 85053
UNDER CONTRACT FOR SALE NNN Property
Property Type:Single Tenant Retail (NNN)
Last Verified:Mar 24, 2020
- Brand-new single-tenant Wilhelm Automotive investment opportunity, offering a 15-year absolute triple-net (NNN) lease with no landlord responsibilities.
- The lease is guaranteed by Wilhelm's parent company, GB Auto Service, Inc., a leading provider of automotive aftermarket repair service with ±116 retail locations across the Southwest.
- The Property is located in a densely-populated area, with a 2019 population of ±373,766 in a 5-mile radius (Source: Esri).
- Wilhelm Automotive is located near the highly-traveled intersection of West Greenway Road and North 35th Avenue, with average daily traffic counts of ±59,180 (Source: Esri).
- The I-17 Freeway sees ±194,378 average vehicles daily at the Greenway Road exit, which is approximately one mile from the Property (Source: ADOT, 2018).
- The Property is located in Phoenix, Arizona, the fifth-largest city in the United States with a population of ±1,711,356 (Source: World Population Review, 2019). Phoenix is the county seat of Maricopa County, which has had the second-highest numeric population growth of any county in the United States since 2010 (Source: United States Census Bureau, 2019).
- Less than three miles from the Property is Arizona State University – West Campus, one of the five campuses that compose Arizona State University.
- The top employers in Phoenix are: Banner Health (±10,041 employees), American Express (±6,754 employees), Honeywell (±6,262 employees), Amazon (±6,083 employees), and JPMorgan Chase (±6,060 employees) (Source: phoenix.gov).
- Nearby national retailers include: Smart & Final Extra!, Wendy’s, Popeyes Louisiana Kitchen, Circle K, Del Taco, QuikTrip, and more.