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670 W Ray Rd, Gilbert, AZ, 85233

Valvoline
$1,485,000

Key Information

Cap Rate
4.85%
$ per SF
$591
Tot. SF
2,512
Lot Size
0.44 Acres
Term Remaining
± 13.8 Years
Type
Retail
NOI
$72,000

Highlights

  • Brand New 15-Year Lease & Renovation – Features a 2025 lease execution with just under 14 years remaining. The tenant fully renovated the facility prior to opening, showing a deep financial commitment to the site.
  • Below Market Rent – Rental rate is below the market average for an automotive asset, providing long term security and maximizing tenant profitability.
  • Absolute Triple Net (NNN) Lease Structure – A passive, “hands off” investment with zero landlord responsibilities. The tenant covers all taxes, insurance, maintenance, and repairs including the roof and structure.
  • Low Price Point – Offered at a significantly lower entry price than typical Valvoline assets in the Phoenix MSA, providing an accessible basis in a high-demand market.
  • Fee Simple Ownership – Includes ownership of both the building and land, allowing for full depreciation and advantages not found in ground lease structures.
  • Built in Rent Increases – 10% Rent Increases Every 5 Years to provide a definitive hedge against inflation and compounding rent growth.
  • Highly Trafficked Intersection – Positioned just East of the W Ray Rd & S Cooper Rd intersection, capturing a combined count of ±45,205 VPD.
  • Exceptional Trade Area Demographics – A surrounding 1-Mile Household Income is $160,654 and $137,881 within a 5-Mile Radius. The 3-Mile population is ±132,238 and ±333,900 in a 5-Mile.
  • Strategic Freeway Proximity – The property sites just ±2.5 Miles East of Loop 101 (±176,270 VPD) and ±2.7 Miles North of Loop 202 (±165,562 VPD).
  • Synergy with National Retailers – Surrounded by “daily needs” traffic drivers such as Safeway, EOS Fitness, Chevron, and Jack in the Box.

Photos

Location

Agents

Broker of Record

David Harrington

License # CO701910000, BR715518000 (AZ)
Matthews Real Estate Investment Services, Inc
4110 N Scottsdale Rd Suite 100, Scottsdale, AZ 85251