Angie's Prime Grill

4989 West Ray Road, Chandler, AZ 85226

$3,850,000

Cap Rate 5.37%

Views: 35 DOM: 119 Updated: 04.25.24 Posted: 01.19.24 Status: Active

Summary

Price $3,850,000	Built/Renov 1997/2023	Tenant Angie's Prime Grill
Cap Rate 5.37%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 2,971	Lease Start 05-08-2024	#Units 8
Price/SF $1,295.86	Expiration 05-31-2044	Tenant Type Fast Food/QSR
NOI $206,745	R. Term 20.0	Ownership Fee Simple
Rent/SF $62.27	Increases 2.5%/3/yrs	Pop 5Mi 275,397
Lot/AC 0.87	Options 4/5yrs/2.5%	AHHI 5Mi $119,727

Eric Carlton

Colliers NNN Group

Contact

Lease Highlights

Angie’s Prime Grill recently executed a brand-new 20-year lease with 4 (5-year) options to extend
Lease features 2.5% annual rental increases starting year 4 and throughout each option period
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Angie's Prime Grill is strategically located at the signalized, hard corner intersection of W Ray Road and Rural Road, which has a substantial combined daily traffic count of 56,200 vehicles. A mere half-mile away, Intel’s Chandler Campus, the second-largest site for Intel in the U.S. and the largest employer in Chandler, enhances the area's prominence. The immediate vicinity is...

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Key Features

Signalized intersection
Hard corner intersection
High traffic 50M+ VPD
Shopping Ctr out-parcel
Top 100 MSA
Strong demographics
Brand new lease
Long 20+ yr lease
Absolute NNN
Corporate Guarantee

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Links

Angie's Prime Grill Wikipedia Chandler, Arizona Zip Code 85226 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Angie's Prime Grill
Guarantor:Corporate
Company:Angie's Prime Grill
# Units:8
Stock:Private

About Tenant

Angie’s Prime Grill is a drive-thru QSR concept that specializes in lobster meals that are directly sourced from Maine. In addition to lobster, their menu also includes shrimp and breakfast...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	13,533	88,432	277,635
2023 Total Population :	13,684	88,768	277,321
2023 Employed Civilian Pop :	7,952	51,593	160,111
2023 Total Businesses :	406	4,154	10,192
2023 Average Household Income :	$ 162,441	$ 137,619	$ 119,790
2023 Total Consumer Spending :	$ 706 M	$ 4310 M	$ 11741 M
2023 Median Age :	41	38	37
2023 Total Households :	5,140	36,505	113,361
2023 Pop Age 25+: Bachelor's Degree :	3,627	20,630	57,463
2023 Average Home Value :	$ 499,587	$ 478,459	$ 441,125

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
West Ray Road	S Rural Rd	2019	17,700	0.05 mi
North Rural Road	San Brisas Apartment	2019	11,400	0.06 mi
West Ray Road	S Rural Rd	2019	15,000	0.10 mi
South Rural Road	W Ray Rd	2019	13,600	0.11 mi
N Rural Rd	W Desert St	2017	18,400	0.44 mi
West Ray Road	S Mill Ave	2019	29,168	0.46 mi
S Rural Rd	E Knox Rd	2015	19,036	0.46 mi
W Ray Rd	N Lakeshore Dr	2017	36,900	0.53 mi
W Ray Rd	N Mill Ave	2017	30,000	0.58 mi
South Rural Road	E Knox Rd	2018	18,710	0.62 mi

Listing Broker

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