Available $2,700,000 10 Years (8 Years Remaining) - Retail - Single Tenant
Investment Offering & Highlights
- Single-tenant NNN ten year original lease with eight years remaining, the existing rental rate of $33/SF NNN escallates in May of 2020 to $36/SF NNN Proven highly successful multi-location restaurant concept
- 25 year (23+ years remaining) absolute net lease
- Prominent frontage along Gilbert Road
- The timeless design, quality construction and trophy location of Heritage Marketplace–coupled with the most desirable surrounding demography–ensure tremendous stability and longevity to the investor
A 4,500± sq. ft. BARRIO QUEEN restaurant located in a trophy mixed-use retail/restaurant/office project located in the heart of Downtown Gilbert’s Heritage District.
Located in the Heritage District within the Town of Gilbert–a unique 3-block historical, urban environment packed with hip restaurants and shops and entertainment venues. The Heritage District is one of a handful of truly ‘elite’ walkable entertainment hubs in the metro Phoenix area.
- Price: $2,700,000
- Cap Rate: 5.55%
- Year Built: 2015-2016
- Building Size: 4,500 SF
- Status: Available