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Meineke Car Care 6757 E Southern Ave 2,507 SF Retail Building Mesa, AZ 85206 $1,648,000 ($657.36/SF) 6.25% Cap Rate

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Investment Highlights

Absolute NNN lease with zero landlord responsibilities for truly passive income.
Biannual CPI-based rent increases capped at 2% throughout the lease term.
±2,507 SF building on a ±0.57-acre outparcel to Superstition Springs Mall.

Multi-layered guarantee structure with five distinct sources of lease guarantee.
Prime Southern Avenue frontage with ±62,000 VPD and major retail co-tenancy.
Dense, affluent Mesa trade area with 119,000+ residents within 5 miles.

Executive Summary

David Harrington
Matthews Real Estate Investment Services, Inc
License # CO701910000, BR715518000 (AZ)
4110 N Scottsdale Rd Suite 100, Scottsdale, AZ 85251
(866) 889-0550

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Auto Repair

Building Size

2,507 SF

Building Class

Year Built/Renovated

1999/2022

Price

$1,648,000

Price Per SF

$657.36

Cap Rate

6.25%

NOI

$103,030

Tenancy

Single

Building Height

1 Story

Building FAR

0.10

Lot Size

0.57 AC

Zoning

C-2, Mesa

Parking

15 Spaces (5.98 Spaces per 1,000 SF Leased)

Frontage

115’ on Southern

Monument Signage

Major Tenants

Services
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Since opening its first location in Houston, Texas, in 1972, Meineke has built a network of locally owned car care centers operated by experienced automotive professionals. The company offers a range of services and programs, including employment opportunities and financing options, designed to support both customers and franchise partners.