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The Offering: |
20 year Absolute NNN ground lease with no landlord responsibilities along with scheduled 10% rent increases every five (5) years. Located just south of the intersection of University Drive and Mill Avenue. Adjacent to the Arizona State University main campus with over 50,000 students and faculty. In addition, Chase is one of Tempe's largest employer's with over 1,700 employees. |
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Property Type: |
Retail Building |
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Year Built: |
2010 |
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Approximate Size: |
±3,838 SF |
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Site Area: |
0.56 Acres |
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Price: |
$3,307,692 |
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CAP Rate: |
6.50% |
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Occupancy: |
100% |
| Terms: |
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