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Views: 59 DOM: 203 Updated: 05.04.24 Posted: 11.22.23 Status: Active

Summary

Price $1,887,000
Built/Renov 2023
Tenant Salad and Go
Cap Rate 5.30%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 827
Lease Start 11-01-2023
#Units 100
Price/SF $2,281.74
Expiration 11-01-2043
Tenant Type Fast Food/QSR
NOI $100,000
R. Term 19.4
Ownership Leasehold
Rent/SF $120.92
Increases 10.0%/5/yrs
Pop 5Mi 278,893
Lot/AC 0.54
Options 3/5yrs/10%
AHHI 5Mi $122,531

Lease Highlights

  • Brand-new 2023 construction
  • Salad & Go recently signed a brand-new 20-year lease with 3 (5-year) options
  • Lease features 10% rental increase every 5 years throughout the initial term and at the start of each option
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Salad and Go, equipped with a double drive-thru is located near the signalized, hard corner intersection of Precinct Line Rd and Grapevine Hwy (Highway 26) which see a combined 72,900+ vehicles per day. The property is positioned as an outparcel to Lowe’s Home Improvement, which helps draw consumers into the local trade area. Additionally, the asset is located less than 2 miles northeast of...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Salad and Go
  • Guarantor:Corporate
  • Company:And Go Concepts, LLC
  • # Units:100
  • 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 : 9,473 110,427 276,829
2023 Total Population : 9,565 110,799 278,738
2023 Employed Civilian Pop : 5,222 59,560 150,125
2023 Total Businesses : 702 4,838 10,475
2023 Average Household Income : $ 129,685 $ 110,013 $ 121,916
2023 Total Consumer Spending : $ 465 M $ 4136 M $ 11147 M
2023 Median Age : 50 43 41
2023 Total Households : 4,222 43,818 106,653
2023 Pop Age 25+: Bachelor's Degree : 2,453 23,441 57,909
2023 Average Home Value : $ 375,386 $ 350,264 $ 372,416
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Precinct Line Road Mid Cities Blvd 2021 31,319 0.04 mi
Precinct Line Road Mid Cities Blvd 2020 24,929 0.04 mi
Precinct Line Rd Blvd 26 2018 30,067 0.04 mi
Grapevine Highway Precinct Line Rd 2021 21,187 0.09 mi
Grapevine Highway Brookridge Dr 2021 22,519 0.13 mi
Grapevine Highway Precinct Line Rd 2020 19,396 0.13 mi
Precinct Line Rd Cannon Dr 2012 29,792 0.15 mi
Cannon Dr Blvd 26 2009 2,007 0.25 mi
Walker Blvd Ctenay St 2009 2,452 0.31 mi
Blvd 26 Bentridge Rd 2004 32,000 0.38 mi

Listing Broker

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