Contacts
Bryan Ledbetter
Western Retail Advisors
Property Details
- Property Type Retail - Restaurant
- Property Size 2,385 SF
- Lot Size 0.79 Acre
- Additional Rent Contact for pricing
- Property Tenancy Single Tenant
- Year Built 2024
- Date Updated Jul 23, 2024
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Highlights
- $8,500 per month with 2% annual increases
- 15 Year Term
- 5.67% CAP
- $1,799,000.00
- Absolute NNN Lease - Zero Landlord Responsibilities
- New 2024 Construction
- Rent Commencement Estimated at 8/1/24
- 3 - 5 year options to renew
- 2,385 SF
- 34,412 SF (0.79 Acres) of Land
- Year Built 2024
- Tenant: Filiberto's
- Significant franchisee guarantee from operator with ±15 locations. The principals are also the Franchisors of Riliberto’s which has 10 locations and another 5 in the works. They have been Filiberto’s operators for over 25 years with $19M in annual sales.
- 1/4 mile East of the Light Rail South Central Extension
- The subject property is less than 1-mile south of South Mountain High School with ±2,211 students.
- Within a half-mile of North of ASU Prep South Phoenix, Roosevelt Elementary School, and Advance U Elementary School.
- El Reposo Park and the adjoining South Mountain Community Center are within a half mile.
- Surrounded by national retailers: McDonald’s, Domino’s, Harbor Freight Tools, CVS, Jack in The Box, Ranch Market.
- Dense demographic profile with ± 331,307 residents in a 5-mile trade area with an AHHI of ± $93,338. (ESRI 2023.)
- Immediately west of South 7th Village, a new ±90-unit multifamily development completed in 2020.
Attachments
Getting around
-
73/100
Walk Score ®
-
48/100
Transit Score ®
-
73/100
Bike Score ®
Location
- City Phoenix, AZ
- Neighborhood South Mountain Highland Terrace
- Zip Code 85040
- Market Phoenix
Points of Interest
-
Blasian Limousine & Transportation
2.86 miles
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Rental Car Center
2.98 miles
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24th Street
3.60 miles
-
3rd St/ Jefferson
3.71 miles
-
Jefferson/ 1st Ave
3.84 miles
-
12th St/ Jefferson
3.85 miles
-
3rd St/ Washington
3.86 miles
-
12th St/ Washington
3.90 miles
-
Washington/ Central Ave
3.91 miles
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Van Buren/ Central Ave
4.12 miles
-
Blink
0.36 miles
-
76
0.39 miles
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EVgo
0.82 miles
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Fry's Fuel Center
0.98 miles
-
Circle K
1.02 miles
-
Safeway
1.17 miles
-
QuikTrip
1.83 miles
-
Tesla Destination Charger
3.49 miles
-
Athletics Parking Lot
2.05 miles
-
North Parking Lot
2.10 miles
-
South Parking Lot
2.20 miles
-
Visitor Parking (Car Rental)
3.07 miles
-
Tonto Marshalling Yard
3.20 miles
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Railway Freight Staging Area
3.38 miles
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Railway freight staging area
3.45 miles
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South Air Cargo Employee Parking
3.50 miles
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24th Street Station
3.52 miles
-
Chase Field Garage
3.54 miles
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Domino's
0.06 miles
-
McDonald's
0.26 miles
-
Jack in the Box
0.31 miles
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Salsitas
0.35 miles
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Peter Piper Pizza
0.39 miles
-
Pizza Hut
0.47 miles
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Subway
0.51 miles
-
Dairy Queen
0.51 miles
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Canton Wong
0.82 miles
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Taco Bell
0.84 miles
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Ranch Market
0.21 miles
-
Food City
0.86 miles
-
Fry's Food and Drug
0.93 miles
-
Safeway
1.10 miles
-
Ross
2.07 miles
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Target
2.16 miles
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Walmart Neighborhood Market
2.52 miles
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Walmart Supercenter
3.95 miles
-
Big Lots
4.11 miles
-
Phoenix General
4.58 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
Contact Listing Broker
Bryan Ledbetter
Western Retail Advisors
