3765 S Val Vista Dr - Fast Food FOR SALE


Gilbert, AZ 85297- South Gilbert
$7,370,000 USD
949-698-1105
3765 S Val Vista Dr, Gilbert, AZ for Sale
$7,370,000 USD
Fast Food - FOR SALE
1/9
null | 6.75% Cap Rate

3765 S Val Vista Dr
Gilbert, AZ 85297
South Gilbert


HIGHLIGHTS

  • New 20-Year Lease | Options To Extend | Annual Rental Increases | Experienced Operator
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Crossroads Towne Center | Signalized Hard Corner Intersection
  • Strong Demographics In The Immediate Trade Area

OVERVIEW

SRS Real Estate Partners-West, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Bojangles investment property located in Gilbert, Arizona. This is Bojangles’ very first store in Arizona and it had the 2nd highest week of sales in Bojangles franchise history. The tenant, LVP Food Service Concepts LLC, Inc signed a brand new 20-year lease with 2 (10-year) options to extend, demonstrating their commitment to the site. The tenant is a subsidiary of LV Petroleum, which operates over 80 travel center locations, 180 quick-service restaurants, and 30 convenience stores. The lease features 2% annual rental increases throughout the initial term and each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a investor.

FOR SALE DETAILS

PRICE

$7,370,000 USD

PRICE/SF

$2,792 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bojangles | New 20yr Abs NNN | Annual Incrs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.87 AC

LAND SF

37,897 SF

ZONING

BP

APN/PARCEL ID

304-53-566B

ASK ABOUT THIS PROPERTY

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949-698-1105

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Winston GuestSRS National Net LeaseMore Info
949-698-1105

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