Investment Highlights
Filiberto's STNL Investment
Executive Summary
Filiberto's STNL Investment$8,500 per month with 2% annual increases15 Year Term5.67% CAP$1,799,000.00Absolute NNN Lease - Zero Landlord ResponsibilitiesNew 2024 ConstructionRent Commencement Estimated at 8/1/243 - 5 year options to renew2,385 SF34,412 SF (0.79 Acres) of LandYear Built 2024Tenant: Filiberto'sSignificant franchisee guarantee from operator with ?15 locations. The principals are also the Franchisors of Riliberto?s which has 10 locations and another 5 in the works. They have been Filiberto?s operators for over 25 years with $19M in annual sales.1/4 mile East of the Light Rail South Central ExtensionThe subject property is less than 1-mile south of South Mountain High School with ?2,211 students.Within a half-mile of North of ASU Prep South Phoenix, Roosevelt Elementary School, and Advance U Elementary School.El Reposo Park and the adjoining South Mountain Community Center are within a half mile.Surrounded by national retailers: McDonald?s, Domino?s, Harbor Freight Tools, CVS, Jack in The Box, Ranch Market.Dense demographic profile with ? 331,307 residents in a 5-mile trade area with an AHHI of ? $93,338. (ESRI 2023.)Immediately west of South 7th Village, a new ?90-unit multifamily development completed in 2020.
