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6478 E US Hwy 60 2,868 SF Retail Building Gold Canyon, AZ 85118 $2,590,000 ($903.07/SF) 6% Cap Rate
Investment Highlights
- Central Location
- Easily Accessible and Visible
- Investment NNN
Executive Summary
Newmark Capital Markets, as exclusive advisor, is pleased to present the opportunity to acquire Jack in the Box at 6478 E US Highway 60 (the Property), a 2,868-square-foot restaurant in Gold Canyon, AZ.
This unique investment consists of a single tenant on an absolute NNN lease. This site sits on approximately 0.82 acres, sharing a parking lot with a Bashas’ shopping center. The property is located on the north side of US Highway 60 on the outskirts of Gold Canyon and has excellent visibility to more than 33,000 vehicles per day passing the center. Jack in the Box is situated in a prime location as one of only two drive-thru fast food restaurants in a 48 mile stretch along US Highway 60. Located 20 minutes from the Mesa Gateway Airport and 25 minutes from Downtown Mesa, Jack in the Box offers an investor the rare opportunity to acquire a stable asset in Gold Canyon.
This unique investment consists of a single tenant on an absolute NNN lease. This site sits on approximately 0.82 acres, sharing a parking lot with a Bashas’ shopping center. The property is located on the north side of US Highway 60 on the outskirts of Gold Canyon and has excellent visibility to more than 33,000 vehicles per day passing the center. Jack in the Box is situated in a prime location as one of only two drive-thru fast food restaurants in a 48 mile stretch along US Highway 60. Located 20 minutes from the Mesa Gateway Airport and 25 minutes from Downtown Mesa, Jack in the Box offers an investor the rare opportunity to acquire a stable asset in Gold Canyon.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,868 SF
Building Class
B
Year Built/Renovated
2000/2007
Price
$2,590,000
Price Per SF
$903.07
Cap Rate
6%
NOI
$155,400
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.82 AC
Zoning
CB-1
Parking
42 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
61’ on E US Hwy 60
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 104-09-013D | Improvements Assessment | $290,208 |
| Land Assessment | $255,034 | Total Assessment | $545,242 |
Property Taxes
Parcel Number
104-09-013D
Land Assessment
$255,034
Improvements Assessment
$290,208
Total Assessment
$545,242
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