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Views: 126 DOM: 102 Updated: 10.13.24 Posted: 08.05.24 Status: Active

Summary

Price $3,600,000
Built/Renov 2023
Tenant Green Valley Grocery
Cap Rate 5.00%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 4,093
Lease Start 03-01-2023
#Units 78
Price/SF $879.55
Expiration 03-01-2043
Tenant Type Convenience/Gas
NOI $180,000
R. Term 18.3
Ownership Fee Simple
Rent/SF $43.98
Increases 10.0%/5/yrs
Pop 5Mi 235,106
Lot/AC 1.00
Options 4/5yrs/10%
AHHI 5Mi $118,502

Lease Highlights

  • Brand new 20-year lease with 4 (5-year) options to extend
  • The lease features 10% rental increases every 5 years throughout the initial term and option periods
  • Absolute NNN lease | zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Green Valley Grocery is strategically located at the signalized, hard corner intersection of South Durango Drive and Pebble Road, with access to a substantial combined daily traffic count of 63,000 vehicles. The property benefits from nearby access to South Rainbow Boulevard (35,000 VPD) and State Highway 160 (61,500 VPD), making this a centralized location. Additionally, it is positioned just...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Green Valley Grocery
  • Guarantor:Corporate
  • Company:Green Valley Grocery
  • # Units:78
  • Stock:Private

About Tenant

Green Valley Grocery (also known as GVG) is a chain of convenience stores known for its in-store gaming machines as well as its typical convenience-store products and foodservice options. All...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 21,549 126,319 256,833
2023 Total Population : 20,688 120,479 242,190
2023 Employed Civilian Pop : 9,995 61,857 127,371
2023 Total Businesses : 191 1,654 5,036
2023 Average Household Income : $ 111,273 $ 121,019 $ 119,722
2023 Total Consumer Spending : $ 724 M $ 4428 M $ 8950 M
2023 Median Age : 33 35 35
2023 Total Households : 7,579 42,488 86,647
2023 Pop Age 25+: Bachelor's Degree : 3,419 22,684 44,925
2023 Average Home Value : $ 514,051 $ 502,948 $ 489,894
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
West Pebble Road S Durango Dr 2021 8,850 0.10 mi
West Wigwam Avenue S Lisa Ln 2021 730 0.48 mi
South Durango Drive W Windmill Ln 2021 31,000 0.95 mi
West Windmill Lane Gagnier Blvd 2021 5,600 1.01 mi
South Buffalo Drive W Agate Ave 2019 11,500 1.01 mi
South Fort Apache Road S Chieftain St 2021 10,700 1.11 mi
South Buffalo Drive W Wigwam Ave 2021 12,900 1.12 mi
West Gomer Road Aspen Harvest St 2021 4,900 1.28 mi
South Tenaya Way W Wigwam Ave 2021 570 1.55 mi
S Grand Canyon S Grand Canyon Dr 2017 130 1.60 mi

Listing Broker

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