About This Restaurant
Investment Highlights
Brand New 20-Year Absolute Triple-Net (NNN) Lease 6 Unit Franchisee with More Locations Currently Under Construction New High-Quality 2023 Construction with a Drive-Thru 1.5 Percent Rental Increases Occurring Annually 338,246 Residents within a 5-Mile Radius - Growing Trade Area in the Phoenix MSA Excellent Visibility and Easy Access Along N McQueen Rd with 72,800 Cars per Day at the Intersection of N McQueen Rd and E Chandler Blvd
Executive Summary
Founded in 1986 in Osage Beach, Missouri, Andy's Frozen Custard is a quick-service frozen dessert brand and is the largest dessert-only franchise in the world. The company operates out of freestanding restaurants with drive-thru and walk-up service windows. Established in 2017, Southwest Frozen Custard (SWFC) is a franchisee that focuses on operating Andy's Frozen Custard in the Greater Phoenix, AZ Area. Including the subject property, SWFC operates a total of six Andy's in Arizona, with plans to open more locations in the coming years.Located in Metropolitan Phoenix, Chandler embodies an active lifestyle with easy access to outdoor recreation with endless family-fun, award-winning events, world-class golf facilities, and a vibrant downtown. Visitors and residents enjoy the diverse community with its vibrant restaurants of every cuisine, premier shopping, arts and culture and a wide range of things to do all year-round.
Property Details
- Sale Type Investment
- Property Type Retail
- Property Subtype Fast Food Fast Food General Retail Restaurant Fast Food
- Building Size 1,500
- Year Built 2023
- Price 3,484,250
- Price Per SF 2,323
- Cap Rate 6.75
- NOI 235,187
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.03
- Land Acres 1.02 AC
Property Taxes
| Parcel Number | 303-03-112 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $318,829 |
| Date Created: | 2024-07-16 04:09:20 | Last Updated: | 2024-07-16 04:09:20 |
| Address: | 125 McQueen , Chandler, Arizona, 85225 | ||