Chevron - Net Lease Property for Sale
Tucson, AZ
Key Investment Metrics
Price
$299,000
Cap Rate
43.0%
Net Operating Income
$128,640
Building Size
1803 SF
Lot Size
1,803 SF
Remaining Term
16.0 years
Lease Expiration
12/31/2041
Lease Type
NNN
Year Built
1989
Occupancy
Vacant
Tenancy
Single
About This Chevron Net Lease Property
This Chevron NNN (triple net lease) property is located in Tucson, AZ and represents an excellent investment opportunity for commercial real estate investors. The property features 1803 square feet of building space and was built in 1989.
With a cap rate of 43.0%, this Chevron net lease property offers stable income potential. The asking price is $299,000, making it an attractive option for 1031 exchange investors seeking quality Chevron commercial properties.
Why Invest in Chevron NNN Properties?
- Stable Income: Chevron net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Chevron is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Tucson, AZ Market Overview
Located in Tucson, AZ, this Chevron property benefits from strong local demographics and market fundamentals. The Tucson area offers excellent visibility and accessibility, making it an ideal location for Chevron operations and a solid investment for net lease property buyers.