8220 W Thunderbird Rd - Fast Food FOR SALE


Peoria, AZ 85381
$2,615,000 USD
602-538-7155
8220 W Thunderbird Rd, Peoria, AZ for Sale
$2,615,000 USD
Fast Food - FOR SALE
1/2
null | 5.65% Cap Rate

8220 W Thunderbird Rd
Peoria, AZ 85381


HIGHLIGHTS

  • Absolute NNN Ground Lease
  • Long term primary lease - 16 years remaining
  • Strong Corporate Guaranty
  • ?Ranked among the Top 3 Salad and Go locations nationwide with estimated annual sales of ±$3.7M (Placer.ai)
  • Densely populated trade area with over ±330,000 residents in a 5-mile radius
  • Approximately 1 mile from Peoria Sports Complex, Spring Training home of the Seattle Mariners and San Diego Padres

OVERVIEW

Cushman & Wakefield is pleased to present the opportunity to acquire a net leased investment occupied by Salad and Go, a rapidly expanding drive-thru restaurant concept focused on providing fresh, nutritious, and affordable meals. The offering is secured by a long-term absolute NNN ground lease with approximately 16 years of primary term remaining, annual rent increases, and a corporate guaranty, providing investors with stable cash flow and zero landlord responsibilities. Founded in 2013 in Gilbert, Arizona, Salad and Go has emerged as one of the most recognizable health-focused quick-service restaurant brands in the Southwest. Through its innovative drive-thru-only format and vertically integrated operating model, the company has built a scalable platform centered on convenience, quality, and value. Today, Salad and Go operates approximately 70 locations across Arizona and Nevada and employs roughly 1,000 people. The brand continues to benefit from strong consumer demand, growing brand awareness, and a loyal customer base throughout its core markets. Notably, Placer.ai ranks this location among the top three highest-performing Salad and Go stores nationwide. The subject property is strategically positioned along Thunderbird Road in Peoria, Arizona, one of the West Valley's most established retail corridors. The site benefits from exceptional visibility and accessibility, with traffic counts exceeding 35,000 vehicles per day and immediate proximity to Loop 101, which carries more than 138,000 vehicles daily. The property is surrounded by a strong mix of national retailers and daily-needs destinations including Sprouts Farmers Market, Lowe's Home Improvement, EoS Fitness, CVS, Dutch Bros Coffee, and numerous additional retailers and restaurants. The location is also less than one mile from the Peoria Sports Complex, spring training home of the Seattle Mariners and San Diego Padres, and serves a densely populated trade area with more than 330,000 residents within a five-mile radius and average household incomes exceeding $118,000 within one mile. This offering represents an opportunity to acquire a high-performing net lease asset backed by a proven restaurant operator, long-term lease security, contractual rent growth, and an irreplaceable location within one of the fastest-growing regions of the Phoenix metropolitan area.

FOR SALE DETAILS

PRICE

$2,615,000 USD

PRICE/SF

$3,736 USD /SF

CAP RATE

5.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Salad and Go

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

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.