Scottsdale, AZ - Super Pumper (Greenway Rd)

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 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. 21 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 located near the signalized, hard corner intersection of E. Greenway Rd and N. 64th St with a combined (42,200 VPD). The asset benefits from close proximity to an immense retail corridor that includes Scottsdale Quarter, a 2,000,000 SF outdoor mall anchored by Gap, Apple, Restoration Hardware, Lululemon, Sephora, Express, Forever 21, Urban Outfitters, Levi’s, Vineyard Vines, and more. Other nearby national/credit tenants include Tesla, Starbucks, The Loft, Walgreens, Safeway, FedEx, Taco Bell, any many more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. Furthermore, the site is within close proximity to Horizon High School (2,083 students) and Rancho Solano Prep School (781 students), further increasing consumer traffic to the site. The 5-mile trade area is supported by over 232,000 residents and 162,000 employees, providing a direct consumer base from which to draw. Residents within a 5-mile radius of the subject property boast an affluent average household income of $170,989.