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670 W Ray Rd
Gilbert, AZ 85233 Downtown Gilbert

$1,485,000 USD

Freestanding For Sale  •  2,512 SF

Property Details

• Property Type Freestanding
• Total Building Size 2,512 SF
• Lot Size 0.44 AC
• Building Class B
• Year Built 1999
• Tenancy Single
• Zoning CC, Gilbert

30 Transit Score

40 Walk Score

Highlights

Brand New 15-Year Lease & Renovation – Features a 2025 lease execution with just under 14 years remaining

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

Low Price Point – Offered at a significantly lower entry price than typical Valvoline assets in the Phoenix MSA

Fee Simple Ownership – Includes ownership of the building and land, allowing for full depreciation and advantages not found in ground lease structure

Built in Rent Increases – 10% Rent Increases Every 5 Years to provide a definitive hedge against inflation and compounding rent growth

Amenities

• Signage

Public Transportation

Airport	Drive	Walk	Distance
Phoenix-Mesa Gateway	17 min	-	8.8 mi
Phoenix Sky Harbor International	31 min	-	20.0 mi