3317 Val Vista Dr - Fast Food FOR SALE


Gilbert, AZ 85297- South Gilbert
$1,462,000 USD
602-687-6780
3317 Val Vista Dr, Gilbert, AZ for Sale
$1,462,000 USD
Fast Food - FOR SALE
1/5
null | 6.5% Cap Rate

3317 Val Vista Dr
Gilbert, AZ 85297
South Gilbert


HIGHLIGHTS

  • Brand New 20-Year Absolute Triple-Net (NNN) Ground Lease - 2025 Construction
  • 12.5% Rental Increases Every 5 Years with Multiple Renewal Options
  • Highly Visible Location Along South Val Vista Drive, Accessible by ±49,000 Cars per Day at the Corner of Val Vista Drive and South Market Street
  • 302,800 Residents in a 5-Mile Radius - Dense Gilbert Trade Area in the Phoenix MSA
  • Rapidly Growing Trade Area - Households and Population Projected to Increase 8-10% in the Immediate Area by 2029
  • Excellent Location in Gilbert's Primary Commercial Corridor

OVERVIEW

As part of the Phoenix MSA, Gilbert, Arizona has evolved into one of the fastest growing communities and the largest town in the United States. Encompassing 72.6 square miles, just southeast of Phoenix, Gilbert has transformed from an agricultural community to a thriving and economically-diverse suburban community. As Gilbert approaches build-out over the next decade, the estimated population is expected to reach 330,000. Bikini Beans is a Phoenix-based, family-owned coffee chain with seven locations open in the Phoenix valley, with more locations currently in development. Bikini Beans sources high-quality, locally-roasted coffee beans to craft their menu of espresso drinks, blended frappes, smoothies, and protein shakes. Bikini Beans is known for employing "Bikini Baristas," whose uniforms represent empowerment and freedom. The company's hope is that their employees' bold uniforms uplift coffee enthusiasts, tea drinkers, and protein shake lovers to go about their days with the same level of self confidence as shown by their employees

FOR SALE DETAILS

PRICE

$1,462,000 USD

PRICE/SF

$1,747 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Bikini Beans Coffee Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

SEC Val Vista Dr & Market St

LAND ACRES

0.56 AC

LAND SF

24,394 SF

ZONING

RC

APN/PARCEL ID

304-53-560A

ASK ABOUT THIS PROPERTY

Christopher LindMarcus & MillichapMore Info
602-687-6780

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

Christopher LindMarcus & MillichapMore Info
602-687-6780

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