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ANGIE'S PRIME GRILL w/ DRIVE THRU | NNN 3510 W Peoria Ave 2,200 SF Retail Building Phoenix, AZ 85029 $2,833,333 ($1,287.88/SF) 6% Cap Rate
Investment Highlights
- Long Term NNN Lease Featuring Above Average 12.5% Rental Increases Every 5 Years throughout the Initial Term and Options.
- Strong Regional Population Growth: Metro Phoenix Continues To Rank Among the FastestGrowing Major Metro Areas Nationally.
- Growing Multi-Concept Regional Brand: Angie’s Operates 24+ Locations Across Arizona, Nevada, and Texas.
- Angie’s Sits within the Same Retail Center as a CVS Pharmacy, Goodwill and a Future Syctron Indoor Family Entertainment Center.
- Positioned Along Area’s Major Traffic & Retail Corridor. Features Easy Access & Excellent Visibility.
Executive Summary
Arizona Broker of Record: Ryan Sarbinoff | 2398 East Camelback Rd, Ste. 300 Phoenix, AZ 85016 | Lic #: BR675146000 | Ryan.Sarbinoff@MarcusMillichap.com
Property Facts
Amenities
- Security System
- Signage
- Drive Thru
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- 2,200 SF
- -
- Triple Net
- May 2040
Angie’s is a restaurant on a mission to make luxury foods affordable for everyone, replacing traditional fast food meals with better, healthier and even more affordable alternatives. Their menu is designed for how people want to eat and need to eat every day — fresh, high-quality meals that fit your lifestyle with the convenience and pricing of traditional fast food. They're redefining what’s possible. In order to offer antibiotic-free chicken, USDA Prime steak, wild-caught seafood, premium and organic ingredients, and house-made dressings free from preservatives — all at fast-food prices — they had to innovate at every level. Their streamlined, efficient, vertically and horizontally integrated model connects their concepts, making them stronger together. The result: A powerhouse of efficiency that lets them deliver the impossible.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 2,200 SF | - | Triple Net | May 2040 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 149-32-666E | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $139,423 |
Property Taxes
