Café Zupas

3225 West Peoria Avenue, Phoenix, AZ 85029

$3,333,000

Cap Rate 5.40%

Views: 57 DOM: 65 Updated: 11.08.24 Posted: 10.17.24 Status: Active

Summary

Price $3,333,000	Built/Renov 2023	Tenant Café Zupas
Cap Rate 5.40%	Lease Type NN+	Guarantor Corporate
Size/SF 3,600	Lease Start 02-01-2024	#Units 77
Price/SF $925.83	Expiration 01-31-2039	Tenant Type Fast Casual/Rest.
NOI $180,000	R. Term 14.1	Ownership Fee Simple
Rent/SF $50.00	Increases 10.0%/5/yrs	Pop 5Mi 448,001
Lot/AC 0.79	Options 2/5yrs/10%	AHHI 5Mi $80,277

Lease Highlights

New 2023 construction
Cafe Zupas has 14 years remaining on the current lease term with 2 (5-year) options to extend 
Lease features 10% rental increases every 5 years throughout the initial term and option periods
Favorable NN+ lease with landlord responsible for roof and structure | 10-year roof warranty
Corporate guaranteed lease

Location Description

Café Zupas is strategically located on W Peoria Avenue, with access to a substantial daily traffic count of 95,679 vehicles. The property is surrounded by prominent national retailers, including Chick-Fil-A, Starbucks, Ross Stores, PetSmart, and Burlington. Additionally, it is less than 1 mile from the planned $850 million Metrocenter Mall Redevelopment and just 5 miles from Downtown...

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Key Features

New construction
Roof guarantee
High traffic 50M+ VPD
Near major nationals
Top 100 MSA
Strong demographics
New development zone
Long 10+ yr lease
Favorable NN+ lease
Corporate Guarantee

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Links

Café Zupas Wikipedia Phoenix, Arizona Zip Code 85029 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Café Zupas
Guarantor:Corporate
Company:Café Zupas, L.C.
# Units:77
Stock:Private

About Tenant

Café Zupas, L.C. (dba Café Zupas) is a private company that owns and operates a fast-casual restaurant chain. They prepare their food on-site, and in-site daily, with fresh...

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Listing Broker

Chris Lind

Marcus & Millichap: NLAG

Contact

191 Listings
26008 Views
118 Sold

Mark Ruble

Marcus & Millichap: NLAG

Contact

192 Listings
26110 Views
119 Sold

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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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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