Investment Highlights
Brand New NNN Corp. Lease with Angie?s Prime Grill QSR - Rare 20 Yr. term with 2.5% Annual Bumps
One of the Fastest Growing New QSR Concepts - Drivethru Only with Affordable Lobster Prices
2023 Prototype Design - Cashless Payment System for Efficient Order & Pickup - No Competition!
Hyper Dense Residential Hard Corner - Prominent Phoenix Suburb across from Fry?s Marketplace
Chandler is One of the Fastest Growing Technology Areas in U.S. - Fortune 500 Company Growth
2.5% Annual Rent Bumps - Zero LL Duties - Former Executives of Salad N Go - Huge Demo?s ($162K HHI)
Executive Summary
The Snyder Carlton National Net Lease Team is pleased to present an opportunity to purchase a single tenant absolute NNN leased asset fully occupied by Angie?s Prime Grill in Chandler, AZ. Angie?s Prime Grill, specializing in drive-thru lobster meals, has 8 locations open or under development in the Phoenix area with plans for expansion. With a new 20-year long term lease, four 5-year option period, and 2.5% annual rent increases starting in year four, this is an excellent opportunity for an investor seeking years of inflation resistant cash flows and zero landlord responsibilities.The subject property comprises a 2,971 SF building with drive-thru on a 0.87-acre parcel located on the hard corner signalized intersection of W Ray Road and Rural Road which has a combined traffic count exceeding 56,200 VPD. Only a half mile away, Intel?s Chandler Campus is Intel?s second larges site in the U.S. and is the largest employer in Chandler. This campus offers countless employee amenities including state-of-the-art fitness centers, spa, cafes, shopping, childcare, and more. Chandler is one of Phoenix?s most popular suburbs with great demographics, excellent schools, and a strong economy. The subject property is surrounded by many national retailers including Albertsons, Fry?s, Natural Grocers, Walgreens, CVS, Chase Bank, EoS Fitness, Starbucks, and Taco Bell.This is a rare opportunity to acquire a single tenant absolute NNN leased drive-thru asset in one of Phoenix?s premier suburbs with zero landlord responsibilities, annual rent increases, and strong demographics providing years of inflation resistant income.
