$6,011,000 USD
480-718-5555
1975 E Williams Field Rd
Gilbert, AZ 85295
South Gilbert
HIGHLIGHTS
- LONG-TERM LEASE - 8 years remaining on lease with attractive 10% rental escalations every 5 years with two 5-year options to renew
- OPERATOR/SUBSTANTIAL REMODEL - Operator has strategically placed 8 distinct brands with 11 locations in Arizona & Texas with 4 additional restaurants
- Tenant just completed and paid for a full remodel (over $1 million) to rebrand of the restaurant - reaffirming their commitment to this location!
- TROPY LOCATION/HIGH BARRIERS TO ENTRY - Well positioned on the hard corner/signalized intersection directly across the street from Santan Village
- HIGH TRAFFIC COUNTS/VISIBILITY - Pad site to At Home/Trader Joe’s Anchored Shopping Center - situated on a large ±1.615-acre parcel
- 2025 VERY AFFLUENT DEMOGRAPHICS: Total Population (5-MI): 300,254 | Average Household Income (1-MI): $165,036
FOR SALE DETAILS
PRICE
$6,011,000 USD
PRICE/SF
$578 USD /SF
CAP RATE
7%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
THE BACKYARD – GILBERT (PHOENIX MSA), AZ
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2019
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.62 AC
LAND SF
70,567 SF
ZONING
C
APN/PARCEL ID
313-24-888
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480-718-5555
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480-718-5555
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