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Views: 126 DOM: 336 Updated: 09.18.24 Posted: 12.21.23 Status: Active

Summary

Price $2,466,000
Built/Renov 2023
Tenant Salad and Go
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 865
Lease Start 09-01-2023
#Units 100
Price/SF $2,850.87
Expiration 09-01-2043
Tenant Type Fast Food/QSR
NOI $147,946
R. Term 18.9
Ownership Fee Simple
Rent/SF $171.04
Increases 10.0%/5/yrs
Pop 5Mi 86,515
Lot/AC 0.92
Options 4/5yrs/10%
AHHI 5Mi $110,971

Lease Highlights

  • Brand-new 2023 construction
  • Salad and Go recently signed a brand-new 20-year lease with 4 (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 is strategically located along Farm to Market 548, a major retail and commuter thoroughfare, with access to 19,800 vehicles passing by daily. The property is conveniently situated near the signalized, hard corner intersection of Farm to Market 548 and College Ave (36,100 VPD). Directly across from the property, a 60,000 SF Tom Thumb supermarket and 20,000 SF of in-line retail are...

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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 : 21,214 88,006 137,279
2023 Total Population : 5,791 48,346 87,935
2023 Employed Civilian Pop : 2,886 22,799 41,547
2023 Total Businesses : 209 943 1,254
2023 Average Household Income : $ 117,463 $ 111,866 $ 110,727
2023 Total Consumer Spending : $ 167 M $ 1492 M $ 2629 M
2023 Median Age : 34 34 34
2023 Total Households : 1,692 15,618 27,715
2023 Pop Age 25+: Bachelor's Degree : 1,266 7,935 13,005
2023 Average Home Value : $ 321,401 $ 307,395 $ 304,167
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
South FM 548 Justin Ln 2021 19,763 0.19 mi
College Avenue FM 548 2021 16,278 0.27 mi
East Broad Street Kaufman St 2021 5,480 0.65 mi
East Broad Street Kaufman St 2020 4,854 0.65 mi
FM 1641 Fox Hollow Blvd 2021 13,042 0.68 mi
North FM 548 E Broad St 2021 30,985 0.69 mi
Kaufman St E Broad St 2004 10 0.70 mi
FM 548 2021 8,821 0.83 mi
US 80 US Hwy 80 2021 43,731 0.86 mi
Walnut Ln FM 548 2004 4,400 0.87 mi

Listing Broker

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