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Whataburger 2901 E Bell Rd 2,488 SF Retail Building Phoenix, AZ 85032 $1,832,000 ($736.33/SF) 4.50% Cap Rate
Investment Highlights
- 10+ Years Remaining | Scheduled Rental Increases | Options to Extend
- Signalized, Hard Corner | Piestewa Freeway | Dense Retail Corridor
- Absolute NNN | Fee Simple Ownership
- Strong Demographics in 5-Mile Trade Area | Six-Figure Income
Executive Summary
• The tenant currently has 10+ years remaining on their initial lease with 3 (5-year) options to extend
• The lease features 10% rental increases every 5 years during the initial term and options, growing NOI and hedging against inflation
• The lease features 10% rental increases every 5 years during the initial term and options, growing NOI and hedging against inflation
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,488 SF
Building Class
C
Year Built
1987
Price
$1,832,000
Price Per SF
$736.33
Cap Rate
4.50%
NOI
$82,459
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.33 AC
Parking
32 Spaces (12.86 Spaces per 1,000 SF Leased)
Frontage
50’ on E Bell Rd
Amenities
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 214-30-014E | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $82,753 |
Property Taxes
Parcel Number
214-30-014E
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$82,753
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Whataburger | 2901 E Bell Rd
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