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4301 W Thomas Rd
Phoenix, AZ 85009
Asking Price
$2.27M
Cap Rate
4.63%
Asset Type
Convenience Store Retail
Class
Class B
What's Special
Retail | 4.63% CAP | 3,025 SqFt <ul><li>Hard Corner Location with Excellent visibility Accessibility at the Busy Intersection of 43rd Ave&Thomas Rd.</li><li>Strong Traffic Counts. East/West Thomas Rd sees over 31K cars/day & North/south Thomas Rd sees over 38K cars/day</li><li>Close Proximity to the I-10 Highway</li><li>Exceptional Pole/Monument Signage</li><li>Triple Net (NNN) Lease. The tenant is responsible for property taxes, insurance, and property maintenance. *Tenant also pays LL a rentaltax of 2.6% of base rent</l
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NOI
$80,000
Cap Rate
3.52%
DSCR
0.59
Underwater
Cash-on-Cash
-8.07%
Monthly Payment
$11,255.459
Annual Cash Flow
$-55,065.505
