About This Restaurant
Investment Highlights
Executive Summary
? Single Tenant Net Lease Investment w/ Strong National Credit? Year 4 of 10 year Lease w/ 2 (5 Year) Options? Scheduled 7.5% Rental Increase Sept 2025 plus the beginning of each option period? Corporately signed Lease with over 35 locations nationwide? Recently modernized state of the art design ? Remodel w/ phenomenal outdoor patio? Signalized, Hard Corner Intersection w/ Excellent Visibility at Warner and South Rural? Significant street frontage and a large monument sign along Warner Road? Freestanding Pad within Neighborhood Shopping center with strong National Credit Tenant presence? Strong 5 mile demographics
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Restaurant
- Building Size 3,480
- Building Class C
- Year Built/Renovated 1988/2020
- Price 2,799,000
- Price Per SF 804
- Cap Rate 4.97
- NOI 139,200
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.07
- Land Acres 1.08 AC
Amenities
- Signalized Intersection
- Monument Signage
Nearby Amenities & Transportation
| Retail | U.S. Bank | ||
| Retail | Fry?s Food Stores | ||
| Retail | F45 Training, Inc. | ||
| Retail | Starbucks | ||
| Retail | Sprouts Farmers Market | ||
| Retail | First Watch | ||
| Retail | MidFirst Bank | ||
| Retail | Bashas' | ||
| Retail | Bank of America | ||
| Retail | Tilted Kilt |
Property Taxes
| Parcel Number | 301-51-168G | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $244,103 |
| Date Created: | 2024-07-16 04:09:20 | Last Updated: | 2024-07-16 04:09:20 |
| Address: | 8749 S Rural Rd , Tempe, Arizona, 85284 | ||