21611 N 26th Ave - Restaurant FOR SALE


Phoenix, AZ 85027- Deer Valley
$4,818,350 USD
310-422-2040
21611 N 26th Ave, Phoenix, AZ for Sale
$4,818,350 USD
Restaurant - FOR SALE
1/4
null | 5.25% Cap Rate

21611 N 26th Ave
Phoenix, AZ 85027
Deer Valley


HIGHLIGHTS

  • Long term Absolute Triple Net (NNN) lease with 14+ years remaining in the primary term. The lease includes 1% annual rent increases.
  • Current rent of approximately $26.07 PSF with modest annual increases supports long-term renewal probability and reduces mark-to-market risk.
  • Located just off Interstate 17 (111,168 VPD), with immediate access to Loop 101, two of Phoenix’s primary transportation corridors.
  • Located near the Phoenix campus of Taiwan Semiconductor Manufacturing Company (TSMC), representing an estimated $165 billion investment.
  • Oversized land component enhances long-term residual value and redevelopment flexibility.
  • Cracker Barrel Old Country Store, Inc. operates 650+ locations across 45 states and has been in continuous operation since 1969.

OVERVIEW

We are pleased to exclusively offer for sale the 9,702 SF Cracker Barrel located at 21611 N 26th Avenue in Phoenix, AZ. This offering features a long-term Absolute Triple Net (NNN) lease with 14+ years remaining in the primary term. The lease includes 1% annual rent increases throughout the base term and provides multiple extension opportunities through several 5-year renewal options, along with additional 5-year options at fair market value (FMV), supporting durable income and long term investment stability. In Cooperation With Sands Investment Arizona, LLC - Lic. #LC690889000 BoR: Gary W. Berwick, CCIM - Lic. AZ #BR625869000

FOR SALE DETAILS

PRICE

$4,818,350 USD

PRICE/SF

$502 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cracker Barrel - Phoenix, AZ

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.44 AC

LAND SF

149,846 SF

ZONING

I-1

APN/PARCEL ID

209-07-105

ASK ABOUT THIS PROPERTY

Gary BerwickSands Investment Group, NCMore Info
310-422-2040

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Gary BerwickSands Investment Group, NCMore Info
310-422-2040

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