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Views: 169 DOM: 70 Updated: 09.12.24 Posted: 09.12.24 Status: Active 09.12.24

Summary

Price $2,276,000
Built/Renov 2023
Tenant Salad and Go
Cap Rate 6.50%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 865
Lease Start 10-01-2023
#Units 121
Price/SF $2,631.21
Expiration 10-01-2043
Tenant Type Fast Food/QSR
NOI $147,946
R. Term 18.10
Ownership Fee Simple
Rent/SF $171.04
Increases 10.0%/5/yrs
Pop 5Mi 195,604
Lot/AC 0.48
Options 4/5yrs/10%
AHHI 5Mi $99,975

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 period
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Salad and Go is located along E. 71st St, a major retail and commuter thoroughfare, with access to 44,300 vehicles passing by daily. The property is conveniently situated near the signalized, hard corner intersection of E. 71st St and S. Lewis Ave (75,800 VPD). The site is located just east of Tulsa Hills Shopping Center, the number 2 ranked power center in Oklahoma that serves over 7.6M...

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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
2028 Total Population : 15,467 80,633 198,611
2023 Total Population : 15,098 79,277 195,604
2023 Employed Civilian Pop : 7,566 40,850 101,006
2023 Total Businesses : 700 4,746 10,778
2023 Average Household Income : $ 64,966 $ 86,618 $ 99,975
2023 Total Consumer Spending : $ 354 M $ 2784 M $ 7449 M
2023 Median Age : 29 39 40
2023 Total Households : 6,192 36,994 86,315
2023 Pop Age 25+: Bachelor's Degree : 1,765 15,606 40,838
2023 Average Home Value : $ 281,930 $ 310,917 $ 319,855
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
S Lewis Ave E 71st St 2017 28,000 0.09 mi
S Lewis Ave E 72nd Pl 2017 23,900 0.16 mi
E 71st St S Wheeling Ave 2017 30,800 0.27 mi
East 71st Street South S Wheeling Ave 2019 26,900 0.36 mi
E 71st St S Columbia Ave 2017 37,100 0.47 mi
South Lewis Avenue 2019 21,600 0.48 mi
East 71st Street South 2019 24,600 0.58 mi
South Lewis Avenue 2019 18,300 0.59 mi
S Lewis Ave E 81st St 2017 19,500 0.74 mi
E 71st St S Quincy Ave 2017 30,100 0.82 mi

Listing Broker

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