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THE BACKYARD – GILBERT (PHOENIX MSA), AZ 1975 E Williams Field Rd 10,400 SF Retail Building Gilbert, AZ 85295 $6,011,000 ($577.98/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- LONG-TERM LEASE - 8 years remaining on lease with attractive 10% rental escalations every 5 years with two 5-year options to renew
- Tenant just completed and paid for a full remodel (over $1 million) to rebrand of the restaurant - reaffirming their commitment to this location!
- HIGH TRAFFIC COUNTS/VISIBILITY - Pad site to At Home/Trader Joe’s Anchored Shopping Center - situated on a large ±1.615-acre parcel
- OPERATOR/SUBSTANTIAL REMODEL - Operator has strategically placed 8 distinct brands with 11 locations in Arizona & Texas with 4 additional restaurants
- TROPY LOCATION/HIGH BARRIERS TO ENTRY - Well positioned on the hard corner/signalized intersection directly across the street from Santan Village
- 2025 VERY AFFLUENT DEMOGRAPHICS: Total Population (5-MI): 300,254 | Average Household Income (1-MI): $165,036
EXECUTIVE SUMMARY
PROPERTY FACTS
AMENITIES
- 24 Hour Access
- Corner Lot
- Restaurant
- Signalized Intersection
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Accommodation and Food Services
- -
- -
- Jun 2034
Backyard Gilbert is a high-energy indoor/outdoor bar & grill located in Gilbert, AZ (SanTan Village). Developed by Evening Entertainment Group, this 9,500-sq-ft. entertainment venue offers craft cocktails, over 40 beers on tap, elevated scratch-kitchen food, games like Pop-a-Shot and corn hole, and nightly live music—from dueling pianos to DJs. With retractable garage walls, high-definition LED screens, and a dog-friendly patio, Backyard delivers a playful yet polished experience for brunch, happy hours, and game nights. Its ever-changing event calendar ensures locals keep coming back for fresh entertainment and good vibes.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Accommodation and Food Services | - | - | Jun 2034 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 313-24-888 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $387,492 |
PROPERTY TAXES
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THE BACKYARD – GILBERT (PHOENIX MSA), AZ | 1975 E Williams Field Rd
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