Views: 0 DOM: 46 Updated: 11.28.23 Posted: 10.27.23 Status: Active


Price $1,833,000
Built/Renov 2023
Tenant Salad and Go (GL)
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 585
Lease Start 12-01-2023
#Units 103
Price/SF $3,133.33
Expiration 11-30-2043
Tenant Type Fast Food/QSR
NOI $110,000
R. Term 19.11
Ownership Ground Lease
Rent/SF $188.03
Increases 10.0%/5/yrs
Pop 5Mi 141,779
Lot/AC 0.97
Options 4/5yrs/10%
AHHI 5Mi $124,538

Lease Highlights

  • Brand new 2023 construction
  • Salad and Go recently signed a brand-new 20-year lease with 4 (5-yer) options
  • Lease features 10% rental increases every 5 years throughout the initial term and at the start of each option
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee by And Go Concepts, LLC

Location Description

Salad And Go is strategically situated on North Kelly Avenue, in close proximity to the intersection with West Covell Road, with a combined daily traffic count of 36,000 vehicles. The property is surrounded by several notable national retailers, including Walgreens, Lowe's, State Farm, Hobby Lobby, and Starbucks. Furthermore, it's located adjacent to Mercy Urgent Care, the University of...



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  • Tenant: Salad and Go
  • Guarantor:Corporate
  • Company:And Go Concepts, LLC
  • # Units:103
  • 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...



  1 Miles 3 Miles 5 Miles
2028 Total Population : 8,555 69,736 151,864
2023 Total Population : 8,586 68,009 147,318
2023 Employed Civilian Pop : 4,054 35,340 76,517
2023 Total Businesses : 237 2,611 5,893
2023 Average Household Income : $ 121,968 $ 125,986 $ 129,068
2023 Total Consumer Spending : $ 338 M $ 2787 M $ 6036 M
2023 Median Age : 37 36 36
2023 Total Households : 3,277 25,950 54,838
2023 Pop Age 25+: Bachelor's Degree : 1,763 15,187 34,028
2023 Average Home Value : $ 310,936 $ 319,974 $ 320,706
*ESRI data is presented for informational purposes only


Collection Street Cross Street Year Traffic Vol Distance
N Kelly Ave W Covell Rd 2011 13,042 0.05 mi
W Covell Rd N Kelly Ave 2015 17,116 0.20 mi
W Covell Rd Mathis Brothers Skate Park 2016 15,736 0.24 mi
N Kelly Ave Prairie Village Dr 2016 17,151 0.28 mi
North Kelly Avenue Covell Village Dr 2019 20,500 0.34 mi
West Covell Road 2019 15,600 0.42 mi
W Covell Rd Shortgrass Rd 2011 12,473 0.45 mi
W Covell Rd Kiowa Dr 2012 8,157 0.51 mi
West Covell Road 2019 12,900 0.51 mi
N Kelly Ave Hollowdale 2011 10,432 0.55 mi

Listing Broker

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