4321 N Scottsdale Rd - Restaurant FOR SALE


Scottsdale, AZ 85251- Downtown Scottsdale
$7,840,000 USD
480-220-2674
4321 N Scottsdale Rd, Scottsdale, AZ for Sale
$7,840,000 USD
Restaurant - FOR SALE
1/22
null | 5.42% Cap Rate

4321 N Scottsdale Rd
Scottsdale, AZ 85251
Downtown Scottsdale


HIGHLIGHTS

  • 1 of 4 Total Physical Barstool Locations Across the United States
  • Absolute NNN Lease
  • 10-year Initial Term w/ 2x 5-year Options to Extend
  • 3% Annual Increases
  • Lease Began June 2022 & Initial Term Ends May 2032
  • ±9,551 SF Space (5,878 SF 1st Floor, 3,673 SF 2nd Floor)

OVERVIEW

SVN Desert Commercial Advisors, as the sole representative of the Owner, is pleased to present for purchase this absolute NNN investment opportunity in the heart of Old Town Scottsdale. Occupied by Barstool Sports, on an initial ten-year lease the subject property represents a unique investment opportunity to qualified investors. As one of the four physical Barstool Sports locations (Barstool River North in Chicago, IL, Barstool Sansom Street in Philadelphia, PA, and Barstool Nashville in Nashville, TN are sister locations) the Scottsdale location operates as both a bar, restaurant and nightclub and lies in the northern pocket of Old Town Scottsdale, viewed by many as the epicenter of Old Town activity during both the day time and nighttime hours. The property is walkable to the W Scottsdale, The Remi Scottsdale, Scottsdale Fashion Square Mall, Scottsdale Waterfront and multiple other lifestyle and retail amenities. Further, the subject property lies within a qualified census tract for the Scottsdale opportunity zone, providing further investment opportunity for a buyer should they elect to substantially renovate the property further down the road. Barstool's initial lease commenced in June of 2022 and expires in May of 2032. They have two options to extend for a period of 5 additional years each. The subject property is currently offered at $7,840,000, representing a 5.25% CAP rate on 2025 income.

FOR SALE DETAILS

PRICE

$7,840,000 USD

PRICE/SF

$821 USD /SF

CAP RATE

5.42%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

D/OC-2, Scottsdale

APN/PARCEL ID

173-41-028,173-41-028A,173-41-029,173-41-036A

ASK ABOUT THIS PROPERTY

Justin HorwitzSVN | Desert Commercial AdvisorsMore Info
480-220-2674

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Justin HorwitzSVN | Desert Commercial AdvisorsMore Info
480-220-2674

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