888 N Grand Canyon Blvd - Restaurant FOR SALE


Williams, AZ 86046
$2,160,000 USD
602-687-6780
888 N Grand Canyon Blvd, Williams, AZ for Sale
$2,160,000 USD
Restaurant - FOR SALE
1/6
null | 5.75% Cap Rate

888 N Grand Canyon Blvd
Williams, AZ 86046


HIGHLIGHTS

  • "Gateway to the Grand Canyon" Drawing 5 Million Tourists Annually, With Other Popular Sites Including Bearizona Wildlife Park and Historic Route 66
  • Absolute Triple-Net (NNN) Lease with Filiberto's, a Popular Regional Chain with ±130 Locations Throughout Arizona, California, and New Mexico
  • Founder Guaranty - The Lease is Guaranteed Personally By One of Filiberto’s Original Founders, Sergio Tenorio Sr.
  • 10% Rental Increases Every 5 Years
  • The Lease Features Two, Five-Year Renewal Option with Rental Increases
  • Located Directly at the I-40 Exit (19,050 CPD)

OVERVIEW

Williams is driven heavily by tourism, earning its reputation as the “Gateway to the Grand Canyon” and drawing millions of tourists annually. The Grand Canyon Railway, which departs from Williams and travels to the national park, is one of the city’s largest attractions and employers. Visitors also flock to the town for its Route 66 nostalgia, access to outdoor recreation, and attractions such as Bearizona and scenic forest trails. Filiberto’s, a popular 24-hour Mexican takeout restaurant, was first introduced to Arizona in 1993, when a store opened at Stapley Drive and Main Street in Mesa. Along with Arizona, Filiberto’s has locations in California and New Mexico.

FOR SALE DETAILS

PRICE

$2,160,000 USD

PRICE/SF

$634 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Filiberto's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

38

LAND DETAILS

LAND ACRES

0.71 AC

LAND SF

30,928 SF

ZONING

CBD

APN/PARCEL ID

200-09-017B

ASK ABOUT THIS PROPERTY

Christopher LindMarcus & MillichapMore Info
602-687-6780

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Christopher LindMarcus & MillichapMore Info
602-687-6780

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