6010 W Thunderbird Rd

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6010 W Thunderbird Rd

Glendale, AZ 85306
Asking Price
$3.38M
Cap Rate
4.75%
Asset Type
QSR/Fast Food Retail
Class
Class B

What's Special

Long Term Corporate NNN Lease to O'Reilly with Additional Income from Chick-fil-A in Phoenix MSA <ul><li>​<strong style="color: rgba(0, 0, 0, 1)">Long-Term Corporate NNN Lease to O’Reilly (NASDAQ: ORLY):</strong><span style="color: rgba(0, 0, 0, 1)"> Approximately 9.5 years remaining with 10% rent increases every five years and zero landlord responsibilities</span></li><li>​<strong style="color: rgba(0, 0, 0, 1)">Investment Grade Tenant:</strong><span style="color: rgba(0, 0, 0, 1)"> O’Reilly is rated BBB by S&P and operates 6,300+ locations nationwide</span></li><li>​<strong style="color:

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NOI
$80,000
Cap Rate
2.37%
DSCR
0.40
Underwater
Cash-on-Cash
-11.90%
Monthly Payment
$16,727.343
Annual Cash Flow
$-120,728.119

Location & Travel Times