Salad and Go (GL)

18830 Noble Seven Lane, Sugar Land, TX 77479

$1,951,219

Cap Rate 6.15%

Views: 116 DOM: 318 Updated: 07.19.24 Posted: 10.25.23 Status: Active

Summary

Price $1,951,219	Built/Renov 2023	Tenant Salad and Go (GL)
Cap Rate 6.15%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 830	Lease Start 12-31-2023	#Units 79
Price/SF $2,350.87	Expiration 12-30-2043	Tenant Type Fast Food/QSR
NOI $120,000	R. Term 19.3	Ownership Ground Lease
Rent/SF $144.58	Increases 10.0%/5/yrs	Pop 5Mi 180,988
Lot/AC 0.67	Options 3/5yrs/10%	AHHI 5Mi $152,484

Bob Moorhead

Secure Net Lease

Contact

Lease Highlights

Brand new 2023 construction
Salad and Go recently signed a new 20-year ground lease with 3 (5-year) options to extend
The lease features 10% rental increases every 5 years throughout the primary term & option periods
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

The subject property is strategically located at the intersection of Noble Seven Lane and University Blvd. which see a combined daily traffic count in excess of 19,868 vehicles per day. It is near the Village at Riverstone, a 165,079 SF shopping center anchored by Kroger, with other major tenants including MOD Pizza, Orange Theory Fitness, Chase Bank, Wendy’s, and many more, creating a strong...

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Key Features

New construction
Strategically located
Strong tenant synergy
Top 100 MSA
Affluent AHHI $100K 5 Mi
New development zone
Income tax free state
Brand new lease
Long 20+ yr lease
Corporate Guarantee

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Links

Salad and Go Wikipedia Salad and Go Wikipedia Sugar Land, Texas Zip Code 77479 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Salad and Go
Guarantor:Corporate
Company:And Go Concepts, LLC
# Units:79
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 :	8,496	88,949	319,946
2023 Total Population :	8,323	86,391	311,740
2023 Employed Civilian Pop :	4,439	44,167	152,372
2023 Total Businesses :	287	5,837	12,983
2023 Average Household Income :	$ 133,310	$ 117,039	$ 109,647
2023 Total Consumer Spending :	$ 360 M	$ 3052 M	$ 9572 M
2023 Median Age :	47	39	36
2023 Total Households :	3,232	30,819	102,264
2023 Pop Age 25+: Bachelor's Degree :	2,174	17,627	57,238
2023 Average Home Value :	$ 377,187	$ 351,993	$ 336,201

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Mill Place Ct	Mill Run Dr	2011	130	0.24 mi
Seventh St		2007	4,421	0.28 mi
Bournewood Dr	Green Belt Dr	2011	1,340	0.28 mi
St Theresa Blvd		2001	240	0.29 mi
Wood St	7th St	2007	1,280	0.30 mi
Seventh St		2007	6,186	0.32 mi
Jess Pirtle Blvd	Mill Run Dr	2011	4,980	0.36 mi
7th St	FM 1876 Rd	2011	2,810	0.43 mi
Lakeview Dr	FM 1876 Rd	2011	920	0.44 mi
Seventh St		2006	5,960	0.46 mi

Listing Broker

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