1559 S Gilbert Rd - Restaurant FOR SALE


Mesa, AZ 85204- Superstition Springs
$1,957,000 USD
480-425-5538
1559 S Gilbert Rd, Mesa, AZ for Sale
$1,957,000 USD
Restaurant - FOR SALE
1/12
null | 5.83% Cap Rate

1559 S Gilbert Rd
Mesa, AZ 85204
Superstition Springs


OVERVIEW

Popular Restaurant Franchise with Local Roots Nearly 20 Arizona Locations ±6,506 SF of Building per County: 6,355 SF per Lease Agreement NNN Lease - Roof + Structure LL Responsibility Multiple Guarantors - Franchisee Guaranty and Corporate Guaranty Original 5 year Lease w/ Two 5 Year Renewal Options (Option 1 Formally Exercised) 2.5% Annual Rental Increases Strategically Located North of the US-60 Interchange on Gilbert Road Strong East Valley Demographics Densely Populated with Over 400,000 Residents in a 5-mile Radius Nearly 45,000 VPD Along Gilbert Roada Over $200k of Recent HVAC, Roof, and Restaurant Fixture Improvements

FOR SALE DETAILS

PRICE

$1,957,000 USD

PRICE/SF

$299 USD /SF

CAP RATE

5.83%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

34

LAND DETAILS

LAND ACRES

0.73 AC

LAND SF

32,014 SF

ZONING

LC

APN/PARCEL ID

140-61-170

ASK ABOUT THIS PROPERTY

Jonathan LevySVN | Desert Commercial AdvisorsMore Info
480-425-5538

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Jonathan LevySVN | Desert Commercial AdvisorsMore Info
480-425-5538

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