8255 E. Raintree Dr, Suite 100 - Scottsdale, AZ 85260
info@retail1031.com
call us: 480-429-4580
Freddy's | Surprise, AZsale

Freddy's | Surprise, AZ

, Sold.
$3,030,000

Investment Highlights

  • Absolute NNN – Zero LL Responsibilities

  • Newer 2013 Construction

  • ±22,000 Vehicles Per Day

  • 3,700 Homes to be Built in Phases

  • ±202,000 Residents Within 5 Miles

  • New Development Surrounding Site

  • Well Positioned on Major Thoroughfare

  • 4 Miles North of Luke Airforce Base and Major Tenants

  • Strong Tenant – 21 Unit Operator with 60 Unit Agreement from Freddy's

Investment Summary

CAP Rate: 5.55%
Lessee: Jayrazor Restaraunt Group, LLC
Building Size: ±3,309 Square Feet
Land Area: ±43,560 Square Feet
Lease Expiration: December 31, 2032
Lease Options: 2 x 10 Year Options
NOI: $169,818
Lease Type: Absolute NNN Lease
Increases: 1.5% Annual Including Options
Guarantee:
Jayrazor Restaurant Group, LLC & Personal Guarantees from 3 Operating Parters

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More Information

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