Salad and Go Ground Lease 1960 S Country Club Dr

1960 S Country Club Dr , Mesa, Arizona, 85210 | 750 sq.f | $ 2,336,000

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About This Restaurant

Investment Highlights

Corporate Guaranteed Brand New 20 Year Ground Lease with Salad and Go 438,406 Residents within a Five-Mile Radius - Densely Populated and Growing Mesa Trade Area in the Phoenix MSA Two-and-a-Half Miles from Mesa Community College (16,500+ Students) and Three Miles from Banner Desert Medical Center Excellent Visibility at Signalized Intersection of Baseline Rd and Country Club Dr (Combined 112,400+ Cars/Day) Rental Increases Every Five Years and Multiple Renewal Options on Both Leases Surrounded by National Tenants: Costco, Walmart, Home Depot, Fry?s, WinCo, and Many More

Executive Summary

After spending years in the fast food industry, the creators of Salad and Go set out on a mission ? make drive-thru fast food better and healthier. Demographic and social trends are increasingly supporting healthier, better, fast food concepts at the expense of more traditional concepts. The chain currently has 121 locations open and in development throughout Arizona, Texas, Oklahoma, and Nevada.Mesa is the third largest city in Arizona, after Phoenix and Tucson, and the 38th largest city in the U.S. It is home to numerous higher education facilities, including the Polytechnic campus of Arizona State University. The city?s top employers include Banner Health, Boeing, Walmart, Fry?s Food & Drug, and The Home Depot.

Property Details

  • Sale Type    Investment
  • Property Type    Retail
  • Property Subtype    Fast Food
  • Building Size    750
  • Building Class    C
  • Year Built    2024
  • Price    2,336,000
  • Price Per SF    3,115
  • Cap Rate    5.35
  • NOI    125,000
  • Tenancy    Single
  • Building Height    1 Story
  • Building FAR    0.03
  • Land Acres    0.65 AC
  • Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Nearby Amenities & Transportation

Retail Panda Express
Retail Wss
Retail Fry?s Food Stores
Retail Waffle House
Retail Starbucks
Retail Winco Foods
Retail EoS Fitness
Retail Chase Bank
Retail Salad and Go
Retail Fitness 1440

Property Taxes

Parcel Number 134-24-008E Improvements Assessment $0
Land Assessment $0 Total Assessment $496,580
Date Created: 2024-07-16 04:09:20 Last Updated: 2024-07-16 04:09:20
Address: 1960 S Country Club Dr , Mesa, Arizona, 85210