Highlights

-Investment Summary: •Net Operating Income (NOI): $151,488 annually •Rent Escalations: 3% annual increases •Lease Term: Fully leased through September 2028 •Renewal Option: One 5-year extension at Fair Market Value (FMV) •Tenant: Marvel Building & Masonry Supply, a White Cap company •Lease Guarantee: Backed by White Cap, L.P. •Credit Rating: Investment grade – BBB (low) with a stable outlook (DBRS Morningstar) -Property Overview: •Building Size: Approximately 6,113 SF of industrial space •Land Area: Approximately 1.81 acres •Zoning: C-3, supporting a range of industrial and commercial uses •Use Potential: Excellent for industrial outdoor storage with retail redevelopment upside •Location Advantage: Close to State Route 51 and other key Phoenix transportation routes •Visibility: High-traffic location with prime frontage along Bell Road (49,000+ vehicles per day)

Description

The property at 3113 E Bell Rd, Phoenix, AZ 85032 is a well-positioned industrial outdoor storage (IOS) site, consisting of 6,113 square feet on a 1.81-acre parcel. It is fully leased to White Cap, L.P., a nationally recognized credit tenant, generating $151,488 in annual income under an absolute NNN lease. The lease extends until September 30, 2028, with a five-year renewal option at fair market value. Current base rent is significantly below market rates. The property presents a value-add opportunity, with existing lease rates of approximately $6,771 per acre per month, offering upside potential. Key Highlights: •Flexible Use or Redevelopment: Ideal for continued IOS use or future development. •C-3 Zoning: Supports a wide array of industrial and commercial operations. •High Visibility Location: Positioned along Bell Road, a major arterial with strong traffic counts. •Strong Accessibility: Close to State Route 51, connecting to Phoenix’s major transport networks. •Strategic Location: Near the upcoming TSMC semiconductor facility, placing the asset in a fast-growing industrial hub.

Property Documents

File Icon

3113 E Bell Rd Flyer.pdf

13.9 MB
Download
File Icon

Listing Details

  • Cap Rate

    4%

  • Tenancy

    Single

  • Space Type

    Mixed Use

  • Sub Category

    Industrial / Retail

  • Date Listed

    10/7/2025

  • Broker/Agent Co-op

    Yes

  • Investment Type

    Net Lease

  • Net Operating Income

    $151,488

  • Net Rentable

    6,113 SF

Property Specifics

  • Property Name

    ±6,113 SF on ±1.81 AC | Value Add IOS Opportunity

  • No of Buildings

    1

  • Year Built

    1971

  • Building Size

    6,113 SF

  • Lot Size

    1.81 Ac

  • Zoning

    C-3