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 Dec 10, 2024

420 East Southern AvenueFiliberto's STNL Investment

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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.

Getting around

73/100
Walk Score ®
48/100
Transit Score ®
73/100
Bike Score ®

Powered by Walk Score ®

City Phoenix, AZ
Neighborhood South Mountain Highland Terrace
Zip Code 85040
Market Phoenix

Points of Interest

Blasian Limousine & Transportation

2.86 miles
Rental Car Center

2.98 miles
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
Van Buren/ Central Ave

4.12 miles

Blink

0.36 miles
76

0.39 miles
EVgo

0.82 miles
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
Railway Freight Staging Area

3.38 miles
Railway freight staging area

3.45 miles
South Air Cargo Employee Parking

3.50 miles
24th Street Station

3.52 miles
Chase Field Garage

3.54 miles

Domino's

0.06 miles
McDonald's

0.26 miles
Jack in the Box

0.31 miles
Salsitas

0.35 miles
Peter Piper Pizza

0.39 miles
Pizza Hut

0.47 miles
Subway

0.51 miles
Dairy Queen

0.51 miles
Canton Wong

0.82 miles
Taco Bell

0.84 miles

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
Target

2.16 miles
Walmart Neighborhood Market

2.52 miles
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.