17017 N 33rd Ave
Phoenix, AZ 85053
FAST EDDIE'S DINER | NNN | HARD CORNER · Retail Property For Sale

CBRE Phoenix Retail Investment Properties is pleased to exclusively offer for sale this single-tenant NNN leased restaurant, Fast Eddie' s Diner (the Property ), located at 17017 North 33rd Avenue in Phoenix, Arizona. The Property is prominently positioned on the hard signalized corner of Bell Road and 33rd Avenue just east of the Safeway anchored Sunset Plaza which features major national retailers such as: Dunn-Edwards Paints, Carl' s Jr., State Farm Insurance, Cost Cutters and Metro PCS, among many others. This ±5,034 square foot, freestanding single-tenant restaurant is leased to Fast Eddie' s Diner on a ten (10) year absolute NNN lease, with more than two and a half (2.50) years remaining on the initial lease term. The lease features 3% annual rental increases, including throughout the tenant' s one (1), ten-year option period. Fast Eddie' s Diner is a profitable breakfast & lunch restaurant concept which has operated from this location since 2010, currently yielding a ±7.50% rent-to-sales ratio. This Fast Eddie' s restaurant is equipped with an electronic monument sign along Bell Road, a major east-west thoroughfare, which boasts approximately 41,199 vehicles per day. Furthermore, the Property is positioned less than a mile west from Interstate-17, the busiest interstate in Arizona, which features approximately 146,686 vehicles each day. This Fast Eddie' s Diner provides an investor with an absolute NNN lease with a successful restaurant tenant along the highly-trafficked Bell Road Corridor and offered at an attractive 7.00% cap rate.