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1150 W Bell Road - Trellis on Bell - Kneaders Bakery & Cafe, Phoenix, AZ
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1150 W Bell Road - Trellis on Bell - Kneaders Bakery & Cafe
NEC 9th St & Bell Rd
Phoenix, AZ 85023-3515 - East Phoenix Ret Submarket
Under Construction, delivers January 2017
1.31 AC (56,907 SF)
For Sale Price:
37 Surface spaces are available; Ratio of 9.12/1,000 SF
CBRE is pleased to offer for sale this single-tenant Kneaders Bakery & Café (the Property ) located in the affluent North Phoenix submarket of Phoenix, Arizona just west of the NWC of Bell Road and 12th Street within the brand new Trellis on Bell' mixed-use development project. The offering consists of a newly constructed, ±4,055 square foot Kneaders Bakery & Café. The Kneaders is scheduled to open January 2017. Kneaders will begin paying rent at the close of escrow with a 15-year absolute NNN lease. The lease has 10% rental increases every 5 years in the initial term and throughout the four (4), 5-year option periods.
This Kneaders offers a corporate guarantee by FFG Stores, LLC (Four Foods Group), the master Kneaders franchisee and one of the fastest growing restaurant companies in the country. Four Foods Group currently operates 43 Kneaders Bakery & Cafés and has more than 12 restaurants in development. The Company plans on operating more than 67 restaurants by the end of 2018. Each year since 2012, Four Foods Group has been listed on either Inc. 500 or Inc. 5,000, honoring the 500/5,000 fastest growing companies in the United States.
The subject property is strategically positioned just west of the northwest corner of Bell Road and 12th Street in the North Phoenix submarket within the brand new Trellis on Bell development project which will consist of 306 Class-A multifamily units, 90 single family homes and approximately 25,000 square feet of retail when completed in 2018. Additional retailers who have signed leases at Trellis on Bell include: Smashburger, Raising Cane' s, Blaze Pizza, Café Rio and Arizona Hair Company. The Property is prominently positioned along Bell Road with excellent access and significant frontage while boasting approximately 36,927 vehicles per day on Bell Road (Source: City of Phoenix 2015). Furthermore, the Property is located in one of the densest residential areas of metropolitan Phoenix with approximately 137,375 residents in a three mile radius and 322,629 residents within a five mile radius, creating an excellent customer base for this Kneaders Bakery & Café (Source: Esri).
This Kneaders Bakery & Café offers an investor a long-term secure return with no landlord responsibilities in one of Phoenix' s most dynamic retail locations.
Brand new 2016 construction (scheduled to open January, 2017) with a 15-year absolute NNN lease, no landlord responsibilities.
10% rental increases in the initial 15 year term and throughout the 4, 5-year options.
Additional retailers who have signed leases at Trellis on Bell include: Smashburger, Raising Cane' s, Blaze Pizza, Café Rio and Arizona Hair Company.
Strong density of 137,375 residents in a three mile radius and 322,269 residents in a five mile radius. (Source: Claritas)
Major employment in submarket: 36,708 employees in a three mile radius and 126,694 in a five mile radius. (Source: Claritas)
The Property provides significant frontage along the heavily traveled Bell Road Corridor at an intersection boasting more than 41,000 vehicles per day
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