loader
Join Free
DOM: 211 Updated: 01.29.24 Posted: 05.14.23 Status: Sold 12.11.23

Summary

Price $1,635,000 $1,700,000
Built/Renov 2022
Tenant Salad and Go (GL)
Cap Rate 5.20% 5.00%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 700
Lease Start 03-15-2023
#Units 103
Price/SF $2,335.71 $2,428.57
Expiration 03-14-2043
Tenant Type Fast Food/QSR
NOI $85,000
R. Term 17.10
Ownership Ground Lease
Rent/SF $121.43
Increases 2.0%/1/yrs
Pop 5Mi 112,703
Lot/AC 1.17
Options 3/5yrs/2%
AHHI 5Mi $122,129

Lease Highlights

  • New 2022 construction; BTS for Salad & Go
  • Tenant signed a new 20-year lease with 3 (5-year) options to extend
  • Lease features annual 2% rent increases throughout initial term & option periods
  • Absolute NNN ground lease | Zero landlord responsibilities
  • Corporate guarantee by And Go Concepts, LLC (100+ units backed)

Location Description

The property is strategically located near the signalized, hard corner intersection of West Ocotillo Road and Ironwood Drive, which sees a combined 52,600 vehicles per day. The building is equipped with a double drive-thru, providing ease and convenience for customers. The site is an outparcel to the newly built Ironwood Crossing, a Safeway-anchored shopping center. Other nearby major...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • 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...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 13,400 66,009 135,300
2023 Total Population : 13,170 60,708 120,984
2023 Employed Civilian Pop : 6,010 26,423 53,582
2023 Total Businesses : 110 451 1,134
2023 Average Household Income : $ 119,330 $ 130,779 $ 131,122
2023 Total Consumer Spending : $ 415 M $ 2115 M $ 4226 M
2023 Median Age : 30 31 31
2023 Total Households : 4,028 18,839 37,490
2023 Pop Age 25+: Bachelor's Degree : 1,660 8,034 16,075
2023 Average Home Value : $ 388,420 $ 444,069 $ 434,819
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
N Gantzel Rd W Marilyn Way 2014 27,108 0.16 mi
W Ocotillo Rd N Prince Ave 2014 19,239 0.17 mi
Ironwood Rd E Ocotillo Rd 2014 27,074 0.17 mi
E Ocotillo Rd Ironwood Rd 2015 21,385 0.23 mi
West Ocotillo Road N Taylor St 2019 20,620 0.29 mi
North Ironwood Road N Ironwood Rd 2019 31,216 0.89 mi
W Ocotillo Rd Barnes Pkwy 2014 20,166 0.90 mi
Ironwood Rd N Ironwood Rd 2014 25,488 0.92 mi
N Gantzel Rd W Chandler Heights Rd 2011 23,317 0.98 mi
W Ocotillo Rd Barnes Pkwy 2008 16,114 1.00 mi

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity