4848 E Chandler Blvd
Phoenix, AZ 85048
Spinato's | Great Location | 15 YR NNN · Retail Property For Sale

CBRE has been retained as the exclusive representative to offer qualified investors the opportunity to acquire the Spinato’s Pizzeria (the “Property”) located on East Chandler Boulevard and South 48th Street in Phoenix, Arizona. Spinato’s opened for business in 1974 and has been in operation for over 44 years. The Spinato’s family serves truly the best and highest quality Chicago style pizza, calzones, salads, appetizers, pasta dishes, sandwiches and desserts. This location has a full bar, main dining room and private dining room. The restaurant was designed to resemble some of the Owner’s favorite restaurants in Italy. The offering consists of a new 15-year, single-tenant, absolute triple-net lease with Spinato’s Pizzeria. The lease includes attractive 10% rental increases every five years in the initial term and option periods. The Property benefits from excellent visibility along East Chandler Boulevard, which boasts more than ±40,000 vehicles per day (Source: City of Phoenix, 2014) and is less than a block from the I-10. The I-10 sees over 161,753 vehicles per day (Source: AZDOT, 2017) along this extremely busy corridor which immediately connects with the Loop 202 just south of the Property. Neighboring retailers within the busy Foothills Vista Commons shopping center include: LA Fitness, Tutor Time, One Stop Nutrition, Bahama Bucks, Dance Studio 111, WhereUBean Coffee, Waffle House, Tukee’s Sports Grille, Carl’s Jr, Del Taco, and more. The Property also enjoys visitors from In Town Suites, an extended stay hotel as well as Skyline Prep High School, both located within Foothills Vista Commons. Thistle Landing Office Park is directly North of the Property and accommodates over 282,500 square feet of office space and is currently 91% occupied.