About This Restaurant
Investment Highlights
Full Built out Restaurant All New HVAC Units (6) Exterior Patio Recently Remodeled Lots of Parking 3 Hoods
Executive Summary
SINGLE TENANT NNN INVESTMENT!Property Highlights:Tenant: Momma's Soul Fish and Chicken (second location)Lease: 5-year initial term just commenced (May 2024)Location: Mesa, AZRenovation: Completely redone in the past 4 yearsProperty Features:-Outdoor Enhancements: Newly added exterior patio and roll-up door connecting the bar to the patio-Interior Upgrades: Raised and insulated ceilings, freshly painted for a modern look-Climate Control: 6 brand new HVAC units installed in 2021 with new ductwork-Aesthetic Updates: Exterior freshly painted-Parking: Parking lot sealed and striped-Restroom Renovations: Both bathrooms completely remodeled-Kitchen Upgrades: Additional gas lines and new gas meter for increased cooking capacity-Security: Comprehensive security system with 30+ cameras monitored by ADT-Electrical Improvements: Enhanced electrical panel with more amp load-Plumbing: Plumbing redone to the main sewer line by the previous ownerThis incredible property is ready for immediate purchase and offers a prime investment opportunity with an established tenant with a proven concept and large following. Take advantage of investment opportunity!
Property Details
- Sale Type Investment
- Sale Condition 1031 Exchange
- Property Type Retail
- Property Subtype Restaurant
- Building Size 5,190
- Building Class C
- Year Built/Renovated 1986/2023
- Price 1,749,000
- Price Per SF 337
- Cap Rate 6.79
- NOI 118,818
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.12
- Land Acres 1.00 AC
Amenities
- Bus Line
- Restaurant
- Signage
Property Taxes
| Parcel Number | 140-17-011 | Improvements Assessment | $0 (2024) |
| Land Assessment | $0 (2024) | Total Assessment | $108,072 (2024) |
| Date Created: | 2024-07-16 04:09:20 | Last Updated: | 2024-07-16 04:09:20 |
| Address: | 4906 E Main St , Mesa, Arizona, 85205 | ||