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The Offering: |
** Brand New 20 Year Triple Net Ground Lease w/ Four, Five Year Options ** Located at the Southwest corner of 99th Avenue and Camelback Road, two miles from the University of Phoenix Stadium, home to the Arizona Cardinals and the Tostitos Fiesta Bowl. It seats over 73,000 and brings over $300 Million in economic impact to the area. A high growth area that has experienced population increases of 85% from 1990-2000, 55% from 2000-2009 and is projected to experience a 20% increase from 2009-2014. Over 46,000 cars per day at the intersection of 99th Ave and Camelback Rd, an increase of 53% in the last three years. In addition, over 275,000 cars per day on Loop 101, an increase of 39% in the last three years. |
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Property Type: |
Restaurant - Free Standing Building |
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Year Built: |
2009 |
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Approximate Size: |
±2,880 SF |
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Site Area: |
.613 Acres |
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Price: |
$1,150,000 |
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CAP Rate: |
6.09% |
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Occupancy: |
100% |
| Terms: |
Twenty (20) years with four (4) five (5) year options. Triple Net Ground Lease. |
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