8877 W Thunderbird Rd - Restaurant FOR SALE


Peoria, AZ 85381
$3,653,000 USD
760-448-2449
8877 W Thunderbird Rd, Peoria, AZ for Sale
$3,653,000 USD
Restaurant - FOR SALE
1/13
null | 6.25% Cap Rate

8877 W Thunderbird Rd
Peoria, AZ 85381


HIGHLIGHTS

  • Healthy Unit Sales – Established High-Volume Location – Proven Store Performance
  • Early Lease Extension – Long-Term Site Commitment – Tenant Confidence Through Proactive Lease Renewal
  • Established Peoria Location – Strong Real Estate Fundamentals – Well Positioned Within of Phoenix’s Most Desirable Suburban Communities
  • 3% Annual Rent Increases – Built-In NOI Growth – Consistent Contractual Rent Growth Throughout the Lease Term
  • Corporate Lease Guaranty – Established Regional Operator – Credit Support from the Operating Company

OVERVIEW

Lee & Associates is pleased to present the exclusive opportunity to acquire the fee simple interest in a freestanding, single tenant Biscuits Cafe located at 8877 W. Thunderbird Road in Peoria, Arizona. The 5,000 square foot restaurant sits on approximately 1.68 acres and is leased to Biscuits Enterprises, Inc. under an absolute NNN lease with 3% annual rent increases and 10+ years of remaining lease term. The tenant has demonstrated a long-term commitment to the location through an early lease extension, providing investors with stable cash flow, passive ownership, and a proven operating location.

FOR SALE DETAILS

PRICE

$3,653,000 USD

PRICE/SF

$731 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Biscuits Cafe

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

80

LAND DETAILS

LAND ACRES

1.68 AC

LAND SF

73,181 SF

ZONING

C-2

APN/PARCEL ID

200-79-012D

ASK ABOUT THIS PROPERTY

Ryan BennettLee & AssociatesMore Info
760-448-2449

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Ryan BennettLee & AssociatesMore Info
760-448-2449

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