November Capital / December 20, 2021
The state of Arizona has been a preferred destination for 1031 exchange dollars in 2021.
Here are some recent NNN transactions:
- 12/16/2021 – Brakes Plus – Tempe, AZ – This property sold for $3,550,000 or a 4.50% cap rate with 10+ years remaining on the lease.
- 12/15/2021 – Chipotle (Ground Lease) – Cave Creek, AZ – $3,575,000 – Sold with over 10 years remaining on the lease at an undisclosed cap rate.
- 12/13/2021 – LA Fitness – Peoria, AZ – The asset occupied by fitness giant LA Fitness sold for $8,440,000 or a 7.35% cap rate.
- 12/13/2021 – Wilhelm Automotive – Goodyear, AZ – Sold for $3,408,000 or a 4.75% cap rate with a long term remaining on the lease.
- 12/7/2021 – Speedway Gas Station – Flagstaff, AZ – Sold for $8,208,000 or a 4.52% cap rate with a long term lease remaining.
- 11/30/2021 – Tutor Time – Anthem, AZ – Sold for $4,600,000 or a 8.50% cap rate with 10 years left on an absolute NNN lease.
- 11/19/2021 – Dollar General – Tucson, AZ – Sold for $2,071,414 or a 5.50% cap rate with 15 years remaining on the absolute NNN lease.
- 11/17/2021 – Dollar General – Tucson, AZ – Sold for $1,900,000 or a 6.06% cap rate with 6 years remaining on the lease.
- 11/17/2021 – Jack in the Box – Bullhead City, AZ – Sold for $1,595,700 or a 5.00% cap rate with a long term lease in place.
- 11/16/2021 – Walgreens (Dark) – Chandler, AZ – Sold for $4,480,500 or a 6.00% cap rate with 6 years remaining on the lease.
- 11/16/2021 – Verizon – Gilbert, AZ – Sold for $2,580,000 or a 5.51% cap rate with 7 years remaining on the lease.
- 11/16/2021 – Dollar General – Kingman, AZ – Sold for $1,061,471 or a 6.80% cap rate with 10 years remaining on the lease.
- 11/15/2021 – Salad to Go – Tempe, AZ – Sold for $2,250,000 or a 4.89% cap rate with 20 years remaining on the lease.
- 11/12/2021 – Walgreens – Glendale, AZ – Sold for $4,711,177 or a 7.00% cap rate with 6 years remaining on the lease.
- 11/10/2021 – Filberto’s – Glendale, AZ – Sold for $1,748,000 or a 5.15% cap rate with 10 years remaining on the lease.
- 11/9/2021 – Starbucks – Phoenix, AZ – Sold for $3,125,000 or a 4.54% cap rate with 10 years remaining on the lease.
- 11/1/2021 – Family Dollar – Arizona City, AZ – Sold for $1,489,000 or a 6.25% cap rate with 8 years remaining on the lease.
