Phoenix, AZ – April 29, 2026 – Orion Investment Real Estate is pleased to announce the successful sale of a single-tenant, net-leased Brakes Plus property located at 18415 N 35th Ave, Phoenix, Arizona 85053. The ± 4,635 square foot building sold for $2,219,000 to Corridor Living, LLC. The seller was Phoenix 35th, LLC. The transaction closed on April 29, 2026.
“This property was selected because of the national credit backing the lease,” said Nick Miner, CCIM, of Orion Real Estate. The asset is a corporate-guaranteed Brakes Plus location with an absolute triple-net lease structure, zero landlord responsibilities, and a location on North 35th Avenue near Interstate 17 and Loop 101.
Brakes Plus operates under the broader Mavis platform, which has more than 2,000 service centers nationwide, while Brakes Plus itself has more than 169 locations across six states. The property’s passive lease structure and strong infill Phoenix location made it a compelling acquisition for an investor seeking durable income backed by an established operator. The acquisition was part of a broader 1031 exchange strategy designed to diversify the buyer’s existing commercial real estate portfolio. Earlier this year, the buyer sold a medical office building to an owner/user and, after reviewing current holdings, chose to expand into multiple single-tenant, net-leased assets to better balance the portfolio.
For more information about this sale or to inquire about other opportunities, please contact Nick Miner, CCIM, at ORION Investment Real Estate.
The transaction closed on April 29, 2026. Paul Bonanno of Net Lease Realty Partners represented the seller, Phoenix 35th, LLC, and Nick Miner, CCIM, with Orion Real Estate represented the buyer, Corridor Living, LLC.
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