BMO Harris Bank

9035 West Union Hills Drive, Peoria, AZ 85382
$2,107,000
Status Sold
Price $2,107,000
Cap Rate 5.00%
Price/SF $446
NOI $105,343
Lease Type Absolute NNN
Lease Term 10 Years
Lease Start March 2015
Lease Expiration March 2025
Building Size 4,727 SF
Lot Size 52708 AC

Overview

The property benefits from its location along Union Hills Drive, which is traveled by over 26,000 vehicles per day. Four points of ingress/egress, good visibility, 28 parking spaces, and four drive-thrus all contribute to ease of access to this location.

The nearby area is home to a mix of residential communities and national retailers such as Walgreens, CVS Pharmacy, and Fry’s Food and Drug. Fairway Springs at Westbrook Village and Westbrook Village Vistas golf courses are located across the street and drive additional traffic to the branch.

Within a 5-mile radius, the surrounding neighborhood supports over 220,000 residents with an average household income of more than $72,000.