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Wienerschnitzel 6030 W Thunderbird Rd 1,694 SF Retail Building Glendale, AZ 85306 $1,682,000 ($992.92/SF) 5.25% Cap Rate
INVESTMENT HIGHLIGHTS
- True "Triple Net" (absolute net) lease- Rent received shall be net of any expenses of operating the premises, including roof and structure.
- Recently Upgraded (paint and paving)
- Lease term is 10 years+
- Near Chick-Fil-A, Raising Canes and Fry's Market.
EXECUTIVE SUMMARY
No Landlord operating expenses from NOI.
Below market rent with 2.5% annual increases and percentage rent provision (6% of gross sales).
2024 Sales were $1,419,221
Corporate Guarantee- Galardi Group
Tenant has ROFO (expires 11/21)
Below market rent with 2.5% annual increases and percentage rent provision (6% of gross sales).
2024 Sales were $1,419,221
Corporate Guarantee- Galardi Group
Tenant has ROFO (expires 11/21)
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,694 SF
Building Class
C
Year Built
2001
Price
$1,682,000
Price Per SF
$992.92
Cap Rate
5.25%
NOI
$88,305
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.85 AC
Zoning
PAD
Parking
14 Spaces (8.26 Spaces per 1,000 SF Leased)
Frontage
88’ on W Thunderbird
AMENITIES
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Accommodation and Food Services
- -
- -
- Triple Net
- Jul 2021
They are a family-owned company and they're going to keep it that way. They know that Wienerschnitzel holds a special place in the hearts of their fans, many who’ve grown up with them, and they're committed to serving up craveable food at a great value for many generations to come.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Accommodation and Food Services | - | - | Triple Net | Jul 2021 |
Bike Score®
Very Bikeable (77)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 200-73-005W | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $127,550 |
PROPERTY TAXES
Parcel Number
200-73-005W
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$127,550
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Wienerschnitzel | 6030 W Thunderbird Rd
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