615 West Ray Road

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615 West Ray Road

Gilbert, AZ 85233
Asking Price
$3.15M
Cap Rate
6.86%
Asset Type
Auto Shop Retail
Class
Class B

What's Special

Absolute Net 10 year lease | Carwash and Lube on 1.7 acres | 6.8% CAP | 4,306 SqFt <p>Stable Cash-Flowing Asset (Absolute Net Lease Structure) 100% occupancy!</p><p>Fully leased investment with tenants operating under a Absolute Net Lease Structure, minimizing landlord responsibilities and providing passive income with expenses largely covered by tenants.</p><p>Strong In-Place Income – $216,000 NOI</p><p>Property generates $18,000/month ($216K annually) in net operating income, offering immediate yield with no lease-up risk.</p><p>Attractive 10-Year Lease with Built-In Growth<

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NOI
$80,000
Cap Rate
2.54%
DSCR
0.43
Underwater
Cash-on-Cash
-11.32%
Monthly Payment
$15,584.481
Annual Cash Flow
$-107,013.776

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