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Firebirds at Union Street NEC Norterra Pkwy & Happy Valley rd 6,064 SF Retail Building Phoenix, AZ 85085 $4,762,000 ($785.29/SF) 5.25% Cap Rate
Investment Highlights
- New, long-term 15-year absolute NNN ground lease; landlord has ZERO responsibilities
- Corporate guarantee from Firebirds International, LLC, with 70 locations and named one of 10 Breakout Brands by Nation's Restaurant News
- Brand-new freestanding building, part of new Union Street at Norterra development
- Immediately adjacent to new dual-branded AC Hotel by Marriott and Element by Westin, providing consistent customer flow to current tenant base
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
6,064 SF
Year Built
2026
Price
$4,762,000
Price Per SF
$785.29
Cap Rate
5.25%
NOI
$250,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.51 AC
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Firebirds Wood Fired Grill
- Retailer
-
99,999 SF
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Firebirds Wood Fired Grill | Retailer | 99,999 SF | - | - |
Nearby Major Retailers
1 of 2
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Firebirds at Union Street | NEC Norterra Pkwy & Happy Valley rd
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