8220 W Thunderbird Rd - Fast Food FOR SALE


Peoria, AZ 85381
$2,634,000 USD
602-206-0784
8220 W Thunderbird Rd, Peoria, AZ for Sale
$2,634,000 USD
Fast Food - FOR SALE
1/4
null | 5.5% Cap Rate

8220 W Thunderbird Rd
Peoria, AZ 85381


HIGHLIGHTS

  • Attractive 2% Annual Rental Increases
  • Heavily Trafficked Intersection (±53,375 VPD)
  • ±120,343 Population in a 3-Mile Radius

OVERVIEW

???????Single-tenant Salad and Go investment opportunity featuring an absolute triple-net (NNN) ground lease with ±16.5 years of initial term remaining and attractive 2% annual rental increases. Salad and Go is a drive-thru only, quick-service restaurant concept that offers fresh and nutritious salads, wraps, soups, breakfast burritos, and house-made beverages at prices lower than most competitors. Salad and Go currently operates ±70 locations across Arizona and Nevada. The Property has excellent frontage and visibility on W Thunderbird Rd (±33,651 VPD) and is just off the signalized intersection with N 83rd Ave (combined ±53,375 VPD). Loop-202 (±136,526 VPD) is ±2 minutes west (Source: ADOT, 25). This location boasts a dense 3-mile population of ±120,343 and healthy average household income of ±$98,217 (Source: Esri). An EoS Fitness anchored center, Sprouts Farmers Market anchored center, and Lowe's Home Improvement center are across the street. Peoria Sports Complex (±12,518 seats and ±212,514 annual visitors), spring training home of the San Diego Padres and Seattle Mariners, is ±4 minutes north (Source: City of Peoria). Stadium Point @ P83, a $510M, ±17-acre mixed-use project which includes ±645,000 SF of class-A office, ±357 Class-A multi-family units, a ±220 room hotel, and ±93,000 SF of upscale retail and dining, is ±5 minutes north (Source: Phoenix Business Journal). Centennial High School (±2,002 students) and Peoria High School (±1,573 students) are within ±5 minutes (Source: US News). Arrowhead Towne Center (±1.1M SF shopping mall with ±8.9M annual visitors), anchored by Macy's, Dillard's, JCPenney, and Dick's Sporting Goods, is ±7 minutes north (Source: Newquest).

FOR SALE DETAILS

PRICE

$2,634,000 USD

PRICE/SF

$3,763 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Salad and Go Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,056 SF

ZONING

-

APN/PARCEL ID

200-63-787

ASK ABOUT THIS PROPERTY

Ben FarthingCBREMore Info
602-206-0784

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Ben FarthingCBREMore Info
602-206-0784

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