920 S Gilbert Rd | Gilbert, AZ 85296
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- LoopNet Team
920 S Gilbert Rd
Gilbert, AZ 85296
I-Hop · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 4,022 SF freestanding IHOP restaurant on 39,043 SF lot
- Building recently received roof improvements and HVAC maintenance
- Owner User or Investment Opportunity
- Absolute NNN lease. Initial term runs through 10/31/2027 with $723,000 of rent remaining as of 10/31/2024. Three additional 5-year option periods
- Strong potential for redevelopment or re-tenanting upon lease expiration
- Close proximity to Gilbert Town Square which offers dining, shopping and entertainment; tenants include Pei Wei, Sport Clips, Chipotle and more
PROPERTY FACTS
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,022 SF
Building Class
B
Year Built
2002
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.90 AC
Zoning
C-C - Commercial
Parking
53 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
98’ on S Gilbert Rd
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 302-82-970 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $179,830 |
PROPERTY TAXES
Parcel Number
302-82-970
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$179,830
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