9668 E Riggs Rd - Fast Food FOR SALE


Chandler, AZ 85248- South Chandler
$2,025,000 USD
773-727-4285
9668 E Riggs Rd, Chandler, AZ for Sale
$2,025,000 USD
Fast Food - FOR SALE
1/6
null | 5.5% Cap Rate

9668 E Riggs Rd
Chandler, AZ 85248
South Chandler


HIGHLIGHTS

  • Absolute NNN lease provides zero Landlord responsibilities
  • Long-term stability with a lease expiration in May 2036
  • Built-in growth with a 10% rent increase every five years
  • Experienced franchisee who owns and operates 9 locations throughout Arizona
  • Prime pad location at Ace Plaza, a highly trafficked retail center at Riggs & Dobson Roads
  • Excellent visibility with over 26,369 VPD from Riggs Road

OVERVIEW

The Offering provides the opportunity to acquire a freestanding Burger King operating on an absolute NNN lease through May 2036. The lease provides zero landlord responsibilities and features 10% rent escalations every five years. Positioned as a pad site within Ace Plaza, the property boasts excellent visibility and access along a key commercial corridor. The center draws strong customer traffic, complemented by a mix of daily needs and national retailers. The franchisee, Mindies Chandler Too, Inc., is a highly experienced Burger King franchisee with 9 locations throughout Arizona and a personal guaranty. Located in Sun Lakes, a submarket of Chandler, and in one of the Southeast Valley’s most desirable master-planned communities, the site benefits from an affluent and growing population. The Property also benefits from proximity to Chandler’s thriving tech corridor, and access to major employers, including a growing healthcare industry.

FOR SALE DETAILS

PRICE

$2,025,000 USD

PRICE/SF

$703 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Burger King

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,072 SF

ZONING

C-C

APN/PARCEL ID

303-51-011U

ASK ABOUT THIS PROPERTY

BJ FellerNorthmarqMore Info
773-727-4285

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BJ FellerNorthmarqMore Info
773-727-4285

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