383 N Gilbert Rd - Restaurant FOR SALE


Gilbert, AZ 85234- Downtown Gilbert
$9,720,000 USD
602-538-7155
383 N Gilbert Rd, Gilbert, AZ for Sale
$9,720,000 USD
Restaurant - FOR SALE
1/7
null | 6.5% Cap Rate

383 N Gilbert Rd
Gilbert, AZ 85234
Downtown Gilbert


HIGHLIGHTS

  • Trophy location in Downtown Gilbert
  • Minimal Landlord responsibilities
  • 2% annual rent increases - ideal hedge against inflation
  • Very strong rent to sales ratio (ask broker for more details)
  • Culinary Dropout has ±16 locations across multiple high-growth states, including Alabama, Arizona, California, Colorado, Georgia, Indiana, Tennessee,
  • The Cheesecake Factory operates roughly 368 restaurants in the U.S. and Canada under its core and affiliated brands, with an additional 35 internation

OVERVIEW

Cushman & Wakefield is pleased to present the opportunity to acquire a net leased investment tenanted by Culinary Dropout, a well-known and highly differentiated experiential dining concept. The property features a long-term lease with a nationally recognized restaurant operator, offering investors a reliable income stream supported by a proven brand with a strong operating history. Culinary Dropout is part of Fox Restaurant Concepts, which is owned by The Cheesecake Factory Incorporated (NASDAQ: CAKE), one of the most established restaurant companies in the United States. Founded in 1978, The Cheesecake Factory has grown into a multi-brand platform operating more than 300 restaurants globally, including North Italia, Flower Child, and Culinary Dropout. The company reported approximately $3.6 billion in revenue in 2024, highlighting the scale, consistency, and durability of its operating model. Culinary Dropout currently operates 16 locations nationwide, with continued expansion focused on high-growth, demographically strong markets. The subject property is located in the heart of Downtown Gilbert’s Heritage District, a rapidly growing and highly activated trade area known for its vibrant dining, entertainment, and community-oriented atmosphere. The district features more than 30 restaurants, strong pedestrian activity, and year-round events that draw both locals and visitors. As one of the East Valley’s premier culinary and nightlife destinations, the Heritage District blends historic character with modern development, supported by restored landmark buildings, public art installations, and an active calendar of markets and festivals. The area benefits from excellent visibility, convenient access, and strong household incomes, all of which support long-term restaurant performance and tenant stability. This offering represents an opportunity to acquire a well-located Culinary Dropout investment with steady cash flow, limited management responsibilities, and long-term value supported by a nationally scaled restaurant platform and a highly recognizable experiential dining brand.

FOR SALE DETAILS

PRICE

$9,720,000 USD

PRICE/SF

$498 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Culinary Dropout - Trophy NNN Investment

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

23,087 SF

ZONING

HVC

APN/PARCEL ID

304-12-976

ASK ABOUT THIS PROPERTY

Chris HollenbeckCushman & WakefieldMore Info
602-538-7155

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Chris HollenbeckCushman & WakefieldMore Info
602-538-7155

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