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3155 E Indian School Road - Arcadia Fiesta - McDonald's, Phoenix, AZ

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3155 E Indian School Road - Arcadia Fiesta - McDonald's

Phoenix, AZ 85016-6807 - Central Scottsdale Ret Submarket

Property Type:Retail Sub Type:Fast Food Status:Existing Year Built:2016
Building Size:4,388 SF Land Area:.95 AC (41,417 SF)
For Sale Price:$3,287,671 Price/SF:$749.24
Cap Rate:3.65 %

Sale Notes:
CBRE is pleased to present this single tenant corporate McDonald' s ground lease located at the hard southwest corner of 32nd Street and Indian School Road in Phoenix, Arizona.

The McDonald' s offering consists of a brand new 20 year absolute triple net (NNN) single tenant ground lease. The building is estimated to be 4,388 rentable square feet on approximately 41,419 square feet of land. The investment opportunity offers a very secure 20 year lease with the most well-known restaurant company in the world. The lease includes 10% rental increases every five years, including in the three (3), ten (10)-year option periods. It is very rare to see ten (10) year option periods on any McDonald' s leases or other single tenant investment properties.
The subject property is located in the heart of the Phoenix metropolitan area where real estate values are enhanced due to the lack of available land for development. The area boasts a large employment center with approximately 102,026 jobs within three miles and 332,056 jobs within a five mile radius. Major employers in the area include: Banner Health (±7,005 employees); Charles Schwab (±2,261 employees); Phoenix Children' s Hospital (±2,016 employees); Maricopa Integrated Health Systems (±2,000 employees); Greenberg Trauring LLP (±1,850 employees); Arizona Biltmore Resort (±700 employees); Cisco Systems (±691 employees) (Source: GPEC).
The Property is home to approximately 144,065 residents in a three mile radius and 270,367 residents in a five mile radius (Source: Claritas). The McDonald' s is prominently positioned at the intersection of two major thoroughfares, Indian School Road and 32nd Street, and is 1.5 miles north of the Loop 202/I-10 Freeway and approximately 2 miles east of SR 51 Freeway. The property benefits from the heavy traffic on Indian School Road with ±37,130 VPD, and 32nd Street with ±24,409 VPD (Source: City of Phoenix).

Joseph Compagno
(602) 735-1733

Andrew Fosberg
(602) 735-1723

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