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Views: 145 DOM: 206 Updated: 11.08.24 Posted: 06.07.24 Status: Active

Summary

Price $1,250,000
Built/Renov 2024
Tenant Salad and Go (GL)
Cap Rate 6.00%
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 19.6
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 increases throughout the initial term and option periods
  • Absolute NNN lease | 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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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 9,746 85,009 233,976
2024 Total Population : 9,508 83,534 229,987
2024 Employed Civilian Pop : 5,714 47,924 128,000
2024 Total Businesses : 1,411 7,439 15,384
2024 Average Household Income : $ 120,718 $ 95,192 $ 86,362
2024 Total Consumer Spending : $ 514 M $ 3225 M $ 7766 M
2024 Median Age : 42 38 36
2024 Total Households : 4,857 38,385 101,461
2024 Pop Age 25+: Bachelor's Degree : 2,670 16,521 40,541
2024 Average Home Value : $ 402,384 $ 334,969 $ 297,087
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
NW 63rd St NW 64th St 2019 18,015 0.12 mi
N May Ave NW 67th St 2016 16,210 0.18 mi
N MAY AVE NW 68th St 2019 23,478 0.21 mi
North May Avenue NW 62nd St 2018 25,874 0.24 mi
NW 63rd St N Miller Ave 2019 19,488 0.28 mi
NW 69th St 2021 19,100 0.31 mi
NW 65th St N Drexel Blvd 2002 1,028 0.31 mi
N May Ave NW 59th St 2018 25,874 0.32 mi
Northwest 63rd Street N Independence Ave 2021 16,700 0.36 mi
Grandview Pl 2021 18,600 0.37 mi

Listing Broker

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