2120 North McQueen Road Retail
  • Asking Price
    $2.3MAsking Price
  • Cap Rate
    5.50%Cap Rate
  • Gross Leasable Area
    624 SFGross Leasable Area
  • NOI
    $125KNOI
  • Built
    2018Built
  • Acres
    ~0.79 acAcres

Description

Black Rock Coffee Bar at 2120 North McQueen Road, Chandler, Arizona 85225. Asking $2,273,000; OM reports 5.5% cap rate and $125,000 NOI. Approximately 624-SF drive-thru coffee building, built 2018 and renovated 2025. OM describes an absolute NNN lease with a 15-year initial term. Near McQueen Road and Warner Road with retail and residential surroundings. This is leased investment real estate; neighboring properties and businesses are excluded. Verify current lease terms, tenant obligations and income with Nick Miner, CCIM. Original Orion flyer attached.

Offering Summary

  • Asking Price
    $2,273,000
  • Property Type
    Retail
  • Size
    624 SF
  • Built
    2018
  • Total Acres
    ~0.79 ac

Sale Details

  • Cap Rate
    5.50%
  • NOI
    $125,000

Documents

Property Address

2120 North McQueen Road
Chandler, AZ 85225

Property Details

  • Property Type
    Retail
  • Year Built
    2018
  • Year Renovated
    2025
  • Lease Type
    Absolute Net
  • Gross Leasable Area
    624 SF
  • Acres
    0.79

Deal Team

Nick Miner profile image

Nick Miner

Senior Vice President
Orion Real Estate
480-612-0384