Scottsdale, AZ - Super Pumper (Frank Lloyd)

Description:

SRS Real Estate Partners-West, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, freestanding Super Pumper investment property located in Scottsdale, Arizona. The tenant, Supermesa Fuel & Merc, LLC, Inc has approximately 7+ years remaining
on their current term with 2 (10-year) options to extend. The lease features annual rental increases, steadily growing NOI and hedging against inflation (see pg. 18 for details). The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor.

The Super Pumper is strategically located along Frank Lloyd Wright Blvd (36,800 VPD) and benefits from nearby direct on/off ramp access to State Hwy 101, a major thoroughfare averaging over 129,000 vehicles per day. The asset benefits from close proximity to an immense retail corridor that includes The Promenade, a 569,000 SF retail center anchored by Trader Joe’s, Ulta Beauty, Michaels, Old Navy, Lowe’s, Petsmart, and more. Other nearby national/credit tenants include Walmart Supercenter, Target, Costco, Home Depot, Safeway, Best Buy, Staples, CVS Pharmacy and many more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. The Super Pumper is located in close proximity to several apartment complexes, including Scottsdale Horizon Apartments (329 units) and Sonoran Vista Apartments (264 units) providing a direct residential consumer base from which to draw. The 5-mile trade area is supported by over 162,000 residents and 136,000 employees, with an affluent average household income of $194,360.