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Angie's Burger 19621 W Indian School Rd 1,724 SF 4-Star Retail Building Buckeye, AZ 85396 $3,950,000 ($2,291.18/SF) 5.82% Cap Rate
INVESTMENT HIGHLIGHTS
- Scheduled Rental Increases | Nearly 20 Years Remaining
- Village Grove at Verrado (169,570 SF) | Dense Retail Corridor
- Strong Demographics in 5-Mile Trade Area
- Absolute NNN | Fee Simple Ownership | Management Free
- Signalized, Hard Corner Intersection | Interstate 10 (149,000 VPD)
EXECUTIVE SUMMARY
• The Lease is personally guaranteed by a former Salad & Go Founder
• Nearly 20 years remaining with 3 (5-year) option periods to extend
• The lease features 10% rental increases every 5 years throughout the initial term and option periods, growing NOI and providing a hedge against inflation
• Nearly 20 years remaining with 3 (5-year) option periods to extend
• The lease features 10% rental increases every 5 years throughout the initial term and option periods, growing NOI and providing a hedge against inflation
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
1,724 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2024
Price
$3,950,000
Price Per SF
$2,291.18
Cap Rate
5.82%
NOI
$229,890
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.72 AC
Zoning
C2 - Community Commercial
Parking
14 Spaces (8.12 Spaces per 1,000 SF Leased)
AMENITIES
- Corner Lot
- Freeway Visibility
- Restaurant
- Signage
- Signalized Intersection
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Angie's Burger
- Accommodation and Food Services
- 1,724 SF
- -
- Triple Net
- Oct 2044
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Angie's Burger | Accommodation and Food Services | 1,724 SF | - | Triple Net | Oct 2044 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 502-62-925 | Improvements Assessment | $0 |
| Land Assessment | $308,769 | Total Assessment | $308,769 |
PROPERTY TAXES
Parcel Number
502-62-925
Land Assessment
$308,769
Improvements Assessment
$0
Total Assessment
$308,769
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Angie's Burger | 19621 W Indian School Rd
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