PHOENIX, AZ. (APRIL 19, 2012) – Stan Johnson Company, one of the nation’s premier net lease brokerage firms, has completed the sale of a 3,500 square-foot retail building in Phoenix, Arizona to USAA. The building is 100% leased to Raising Cane.
Derek Layne (top right photo), Associate Director from Stan Johnson Company's Santa Monica office, represented the seller, Phoenix-based Evergreen, in the transaction. The buyer was represented by Capview Partners.
The property featured a 20-year original lease term which commenced in December 2011 and has four, five year renewal options remaining. It is located directly off of Thomas Road which is approximately one mile from I-10 and approximately five miles north of the I-17.
Several major retailers lie within a one mile radius of the property, including: Chipotle Mexican Grill, Target, Enterprise Rent-A-Car, Chase Bank, and Starbucks.
Contact:
David Ebeling
Ebeling Communications
949.861.8351
949.278.7851 (Cell)
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