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Views: 77 DOM: 92 Updated: 08.26.24 Posted: 06.07.24 Status: Contract 08.26.24

Summary

Price $1,304,350
Built/Renov 2024
Tenant Salad and Go (GL)
Cap Rate 5.75%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 1,050
Lease Start 07-01-2024
#Units 121
Price/SF $1,242.24
Expiration 07-01-2044
Tenant Type Fast Food/QSR
NOI $75,000
R. Term 19.10
Ownership Ground Lease
Rent/SF $71.43
Increases 10.0%/5/yrs
Pop 5Mi 223,631
Lot/AC 0.35
Options 4/5yrs/10%
AHHI 5Mi $73,767

Lease Highlights

  • Brand-new 2024 construction
  • Brand-new 20-year ground lease with 4 (5-year) options to extend

  • The lease features 10% rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Salad and Go is strategically located on North May Avenue, with 26,300 vehicles passing by daily. The property has immediate access to the Lake-Hefner Parkway (US-74) with a traffic count of 93,000 VPD. Additionally, the area is surrounded by well-known national tenants including Sprouts Farmers Market, Home Depot, Target, Sam’s Club, Petco, Big Lots, Walmart Supercenter, and more. The 5-mile...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Salad and Go
  • Guarantor:Corporate
  • Company:And Go Concepts, LLC
  • # Units:121
  • 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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Listing Broker

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