Brakes Plus 1840 W Happy Valley Rd Local commercial 452 m² À vendre Phoenix, AZ 85085 2 412 540 € (5 341,09 €/m²) Taux de capitalisation 5,40 %

- Single-tenant Brakes Plus investment opportunity featuring an absolute triple-net (NNN) lease with ±12.25 years of initial term remaining and four (4), five (5) year option periods. 
- Mavis Tire Express Services, the largest automotive service platform in the United States (±3,500 service centers), is the parent company of Brakes Plus, Express Oil Change, Mavis Discount Tire, Midas, Tire Kingdom, NTB (National Tire & Battery), Town Fair Tire, and Tuffy (Source: Mavis). Mavis’s corporate entity is guaranteeing this lease.
- Lumara, a Toll Brothers class-A multi-family complex with ±456 units, recently opened directly north. 
- USAA’s Phoenix Campus, a ±1.1 million square foot complex with ±4,800 employees, is located down the street (Source: USAA). 
- Happy Valley Town Center, a ±812,200 square foot shopping center anchored by retailers including Walmart Supercenter, Lowe’s Home Improvement, Ross Dress for Less, Barnes & Noble, and many more, is located minutes away. 
- The Shops at Norterra, a premier ±350,000 square foot open-air lifestyle center anchored by Harkins, Dick’s Sporting Goods, and more than 40 destinations for shopping, dining, services, and entertainment, is located minutes away.
- Taiwan Semiconductor Manufacturing Company’s new $165 billion manufacturing facility is located ±12-minutes away. Located on ±1,129-acres, this complex will include six semiconductor wafer fabs, two advanced packaging facilities, and an R&D team center. This project is expected to result in ±6,000 direct, high-tech jobs to support the fabs, in addition to tens of thousands of construction and supplier jobs (Source: TSMC). 
- Halo Vista, a ±2,300-acre mixed-use development by McCourt Partners, in partnership with MACK Real Estate Group, is located ±12-minutes away. This ambitious project is set to exceed ±$7 billion in investment, creating over ±28 million square feet of diverse commercial, residential, and industrial spaces (Source: McCourt Partners). 
- NorthPark, a ±6,355-acre master-planned community by PulteGroup, is located ±12-minutes away. This development, with its staggering ±19,247 homes, would mix single-family homes, condos, townhomes, apartments, and commercial spaces (Source: ABCNews).
- The Property features 8 automotive service bays to support the high volume of traffic at this location. 
- The Property has frontage and visibility off Happy Valley Rd and is right off the intersection with 19th Ave (±33,914 VPD) (Source: ADOT).
- This location boasts strong demographics with a dense population of 152,257 in a 5-mile radius and a high average household income of $141,450 in a 3-mile radius (Source: ESRI).