670 W Ray Rd

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670 W Ray Rd

Gilbert, AZ 85233
Asking Price
$1.49M
Cap Rate
4.85%
Asset Type
Auto Shop Retail
Class
Class B

What's Special

Low Price Point | Fee Simple | ±13.8 Years Remaining | 2025 Renovation <ul><li>​Brand New 15-Year Lease & Renovation - Features a 2025 lease execution with just under 14 years remaining. The tenant fully renovated the facility prior to opening, showing a deep financial commitment to the site.</li><li>​Below Market Rent - Rental rate is below the market average for an automotive asset, providing long term security and maximizing tenant profitability.</li><li>​Absolute Triple Net (NNN) Lease Structure - A passive, "hands off" investment with zero landlord responsibil

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NOI
$80,000
Cap Rate
5.39%
DSCR
0.91
Underwater
Cash-on-Cash
-1.83%
Monthly Payment
$7,346.97
Annual Cash Flow
$-8,163.637

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