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Updated: 04.11.24 Posted: 10.25.23 Status: Sold

Summary

Price $1,750,000
Built/Renov 2023
Tenant Salad and Go (GL)
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 686
Lease Start 01-01-2024
#Units 79
Price/SF $2,551.02
Expiration 12-31-2043
Tenant Type Fast Food/QSR
NOI $105,000
R. Term 18.8
Ownership Ground Lease
Rent/SF $153.06
Increases 10.0%/5/yrs
Pop 5Mi 333,183
Lot/AC 1.14
Options 4/5yrs/10%
AHHI 5Mi $158,989

Lease Highlights

  • Brand new 2023 construction
  • Salad and Go recently signed a new 20-year ground lease with 4 (5-year) options to extend
  • The lease features 10% rental increases every 5 years throughout the primary term & option periods
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

This brand-new Salad and Go is strategically located on the northwest corner of Alma Drive (15,000+ VPD) and West Exchange Parkway (27,400+ VPD). The property is adjacent to two new retailers, McDonald’s and a proposed Dutch Bros. Coffee. Additionally, it is near several national tenants including CVS Pharmacy, Sprouts Farmers Market, Starbucks, Smoothie King, Public Storage, and many more,...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Salad and Go
  • Guarantor:Corporate
  • Company:And Go Concepts, LLC
  • # Units:79
  • Stock:Private

About Tenant

Founded in 2013 in Gilbert AZ, Salad and Go is a gourmet salad drive-thru restaurant chain located throughout the Phoenix Valley. The chain’s mission is to make ready-to-eat food available and...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 22,299 126,325 355,652
2023 Total Population : 20,504 119,114 339,987
2023 Employed Civilian Pop : 11,792 64,681 179,944
2023 Total Businesses : 305 4,118 8,748
2023 Average Household Income : $ 195,393 $ 155,579 $ 156,553
2023 Total Consumer Spending : $ 1219 M $ 5857 M $ 15772 M
2023 Median Age : 35 35 36
2023 Total Households : 7,350 44,288 119,126
2023 Pop Age 25+: Bachelor's Degree : 4,788 27,764 86,574
2023 Average Home Value : $ 539,509 $ 487,174 $ 465,407
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Rowlett Rd N Alma Dr 2011 11,614 0.07 mi
W Exchange Pkwy Rowlett Rd 2011 19,649 0.15 mi
N Alma Dr Granger Dr 2011 14,340 0.17 mi
N Alma Dr Glendover Dr 2011 11,513 0.29 mi
Twin Creeks Dr Wallace Dr 2007 2,598 0.49 mi
Ntwin Creeks Dr Bowie Ct 2008 2,580 0.51 mi
W Exchange Pkwy Bray Central Dr 2011 22,854 0.59 mi
Twin Creeks Drive McClure Dr 2020 1,419 0.67 mi
Zachary Way 2011 4,973 0.70 mi
Exchange Pkwy Twin Creeks Dr 2011 9,341 0.73 mi

Listing Broker

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