HIGHLIGHTS
- Long Term Absolute Net Ground Lease Featuring 10% Rental Increases Every 5 Years Throughout the Initial Term and Options.
- Located within Gallery Park, whose Planned Buildout includes 348,000 SF of Class A Office, 280 Hotel Keys, a Theater, and 344 Residences.
- Walking Distance of ASU Polytechnic’s 600-Acre Campus, the Property Enjoys Immediate Access to over 11,000 Students and Faculty.
- Sitting Directly at the Loop 202 and Power Road Interchange, One of the Southeast Valley’s Busiest, the Property Delivers Maximum Visibility.
- Just Steps from the Loop 202 On-Ramp, the San Tan Freeway Carries up to 94k+ Vehicles Daily.
- Minutes from the Subject Property, Eastmark has Grown to 7,000 Homes and 20,000 Residents across a 3,200-Acre Master-Planned Community.
OVERVIEW
In-N-Out Burger | Long Term Absolute Net Ground Lease | Trophy Rare Low Rent Corporate Ground Lease | Irreplaceable Freeway Interchange Positioning | Within Gallery Park - 1M+ SF Mixed-Use Destination | Immediate Area Experiencing Major Growth | Densely Populated & Affluent Area: $126k+ Avg. HHI | Walking Distance from ASU Polytechnic - 11k+ Students and Faculty | Near Mesa Gateway Airport - 2M+ Annual Passengers and Growing
Arizona Broker of Record: Ryan Sarbinoff | 2398 East Camelback Rd, Ste. 300 Phoenix, AZ 85016 | P: 602-687-6700 | Lic #: BR675146000 | Ryan.Sarbinoff@MarcusMillichap.com
FOR SALE DETAILS
PRICE
$5,166,667 USD
PRICE/SF
$1,330 USD /SF
CAP RATE
3%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
IN-N-OUT - RARE TROPHY LOW RENT NNN GROUND
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Fast Food, Restaurant, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2024
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.33 AC
LAND SF
57,799 SF
ZONING
-
APN/PARCEL ID
304-30-985
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858-373-3184
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