Andy's Frozen Custard

125 North McQueen Road, Chandler, AZ 85225

$3,484,250

Cap Rate 6.75%

Views: 196 DOM: 497 Updated: 11.07.24 Posted: 08.12.23 Status: Contract 10.24.24

Summary

Price $3,484,250	Built/Renov 2023	Tenant Andy's Frozen Custard
Cap Rate 6.75%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 1,500	Lease Start 06-07-2023	#Units 6
Price/SF $2,322.83	Expiration 06-30-2043	Tenant Type Fast Food/QSR
NOI $235,187	R. Term 18.6	Ownership Fee Simple
Rent/SF $156.79	Increases 1.5%/1/yrs	Pop 5Mi 117,080
Lot/AC 1.02	Options 4/5yrs/1.5%	AHHI 5Mi $338,246

Lease Highlights

New high-quality 2023 construction with a Drive-Thru
Andy's Frozen Custard has 18+ years remaining on the current lease term with 4 (5-year) options to extend
Lease features 1.5% annual rental increases at the beginning of each option period
Absolute NNN lease | Zero landlord responsibilities
Franchisee & Personal guarantee

Location Description

Andy’s Frozen Custard is located on North McQueen Road where it benefits from a traffic count of 25,400 vehicles passing by daily. The subject property boasts excellent visibility and convenient access from the intersection of North McQueen Road and East Chandler Boulevard averaging 72,800 VPD. It is conveniently located just one mile away from Downtown Chandler and is adjacent to a newly...

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Key Features

New construction
Dense 100M+ pop 5 mi
Top 100 MSA
Affluent AHHI $100K 5 Mi
New development zone
Brand new lease
Long 20+ yr lease
Absolute NNN
Annual rent increases
Personal guarantee

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Links

Andy's Frozen Custard Wikipedia Andy's Frozen Custard Wikipedia Chandler, Arizona Zip Code 85225 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Andy's Frozen Custard
Guarantor:Franchisee
Company:Southwest Frozen Custard
# Units:6
Stock:Private

About Tenant

Andy's Frozen Custard is the largest frozen custard-only chain in the United States. Andy's exclusively sells frozen custard treats in a variety of flavors, from simple vanilla or...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	22,257	135,685	342,292
2023 Total Population :	21,159	132,445	336,908
2023 Employed Civilian Pop :	11,222	71,470	183,871
2023 Total Businesses :	363	3,693	10,045
2023 Average Household Income :	$ 98,756	$ 114,919	$ 130,454
2023 Total Consumer Spending :	$ 614 M	$ 4918 M	$ 13975 M
2023 Median Age :	33	35	35
2023 Total Households :	7,154	49,502	124,638
2023 Pop Age 25+: Bachelor's Degree :	3,052	23,182	66,277
2023 Average Home Value :	$ 377,116	$ 415,363	$ 458,722

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
N McQueen Rd	E Chandler Blvd	2010	22,218	0.01 mi
North McQueen Road	E Commonwealth Pl	2019	12,700	0.04 mi
East Chandler Boulevard	N Monte Vista St	2019	13,600	0.09 mi
East Chandler Boulevard	N McQueen Rd	2019	12,200	0.09 mi
E Chandler Blvd	N McQueen Rd	2015	15,769	0.10 mi
E Chandler Blvd	N Monte Vista St	2010	19,935	0.12 mi
North McQueen Road	E Detroit St	2019	14,000	0.16 mi
N McQueen Rd	E Detroit St	2011	20,009	0.16 mi
S McQueen Rd	E Frye Rd	2017	26,300	0.38 mi
E Chandler Blvd	N Adams Ave	2017	21,900	0.39 mi

Listing Broker

Mark Ruble

Marcus & Millichap: NLAG

Contact

192 Listings
26109 Views
119 Sold

Chris Lind

Marcus & Millichap: NLAG

Contact

191 Listings
26007 Views
118 Sold

Mark Ruble

Mark Ruble is the co-founder of the Net Lease Advisory Group and a top producing Agent with Marcus & Millichap. Mark has been with Marcus & Millichap for 19 years (2004) and has received numerous accolades for his superior service and outstanding performance. Mark has successfully closed over 1,840 properties totaling in excess of $5.7 Billion in transaction volume across 46 states. The key to Mark’s success has been his dedication to providing clients with market leading information an

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Chris Lind

Chris Lind specializes in advising the Net Lease Advisory Group’s clients in the acquisition and disposition of net-leased investment properties nationally. Chris is solely committed to single-tenant and multi-tenant net leased assets as well as structuring sale/leasebacks and portfolio sales throughout the United States. Chris has been with Marcus & Millichap since 2007 and his experience includes selling hundreds of properties located throughout the country. Chris prides himself on act

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