14385 W Bell Rd - Fast Food FOR SALE


Surprise, AZ 85374- South Surprise
$5,500,000 USD
480-273-0212
14385 W Bell Rd, Surprise, AZ for Sale
$5,500,000 USD
Fast Food - FOR SALE
1/4
null | 4.8% Cap Rate

14385 W Bell Rd
Surprise, AZ 85374
South Surprise


HIGHLIGHTS

  • • Single Tenant Net Leased Investment featuring a freestanding Raising Cane’s quick service restaurant with drive thru service
  • • Long Term Lease Stability with approximately 12 years remaining on the base lease term, expiring October 2036, plus three additional five year renew
  • • Strong Passive Income generating approximately $264,000 in annual NOI under a Triple Net lease structure with minimal landlord responsibilities
  • • Modern Build to Suit Construction with a 3,470 square foot building completed in 2017 on a 1.25 acre site designed specifically for Raising Cane’s o
  • • High Visibility Retail Corridor positioned along Bell Road in Surprise, Arizona, surrounded by strong national retailers and continued regional grow

OVERVIEW

14385 W Bell Rd is a single tenant net leased quick service restaurant located along the Bell Road retail corridor in Surprise, Arizona. The 1.25 acre site is improved with a 3,470 square foot freestanding drive thru building constructed in 2017. Zoned PAD and situated in Flood Zone, the property benefits from strong retail synergy and regional growth. The asset is leased to Raising Cane’s under a triple net reverse build to suit structure with approximately 12 years remaining on the base term, expiring October 2036, plus renewal options. The property is projected to generate approximately $264,000 in annual net operating income. The property is currently leased to Raising Cane’s through October 11, 2036, with three additional five year options to extend thereafter. The current annual rent is $264,000, equating to $22,000 per month. The lease is structured as Triple Net NNN, providing minimal landlord responsibilities and stable income. The restaurant was constructed in 2017 as a reverse build to suit and has operated at this location since commencement in January 2017. Raising Cane’s was founded in 1996 in Baton Rouge, Louisiana, and has grown to more than 900 locations nationwide, making it one of the fastest growing quick service restaurant brands in the United States.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$1,521 USD /SF

CAP RATE

4.8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

RAISING CANE'S

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.25 AC

LAND SF

54,450 SF

ZONING

PAD

APN/PARCEL ID

501-18-552

ASK ABOUT THIS PROPERTY

Jake ViceROI Properties, LLCMore Info
480-273-0212

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Jake ViceROI Properties, LLCMore Info
480-273-0212

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.