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1402 W Van Buren St
Phoenix, AZ 85007
Van Buren Restaurant Bar · Retail Property For Sale
Investment Highlights
- ?Turn-key restaurant building
- ?C-3 Zoning, City of Phoenix
- ?More than 377,000 residents within a 5-mile radius
- ?Large well-appointed kitchen
- ?Over 25,000 VPD at intersection
- ?Proximity to I-10 and I-17 Freeways, Downtown Phoenix, and State Capitol
Executive Summary
FOR SALE - Owner User OR Sale Leaseback
?Turn-key restaurant building
?Large well-appointed kitchen
?C-3 Zoning, City of Phoenix
?Over 25,000 VPD at intersection
?More than 377,000 residents within a 5-mile radius
?Proximity to I-10 and I-17 Freeways, Downtown Phoenix, and State Capitol
?Excellent Visibility
?Lots of parking
Sale Leaseback Highlights
?ABSOLUTE NNN LEASE - NutritionOne operates under an absolute triple-net (NNN) lease, ensuring no landlord responsibilities.
?LONG-TERM STABILITY - 7-year lease term commencing upon close of escrow.
?STRONG RENTAL INCREASES - 3% annual rent increases throughout the term of the lease provide for a hedge against inflation.
?STRATEGIC LOCATION - Positioned in proximity to the I-10 and I-17.
?SPACIOUS LOT & BUILDING - The property includes 5,937 SF of building space on a 25,840 SF lot, providing ample parking and accessibility.
?HIGH-QUALITY TENANT - NutritionOne is the largest private food caterer of school meals in the state of Arizona catering to over 72 schools across Phoenix, Tucson, Yuma, San Luis, and Lake Havasu.
?VALUE - ADD OPPORTUNITY - The lease includes no renewal options, allowing the investor full control of the property at lease expiration in 7 years. This opens the door for re-leasing at market rates, strategic tenant repositioning, or redevelopment potential in a high-traffic Phoenix corridor close to downtown.
?Turn-key restaurant building
?Large well-appointed kitchen
?C-3 Zoning, City of Phoenix
?Over 25,000 VPD at intersection
?More than 377,000 residents within a 5-mile radius
?Proximity to I-10 and I-17 Freeways, Downtown Phoenix, and State Capitol
?Excellent Visibility
?Lots of parking
Sale Leaseback Highlights
?ABSOLUTE NNN LEASE - NutritionOne operates under an absolute triple-net (NNN) lease, ensuring no landlord responsibilities.
?LONG-TERM STABILITY - 7-year lease term commencing upon close of escrow.
?STRONG RENTAL INCREASES - 3% annual rent increases throughout the term of the lease provide for a hedge against inflation.
?STRATEGIC LOCATION - Positioned in proximity to the I-10 and I-17.
?SPACIOUS LOT & BUILDING - The property includes 5,937 SF of building space on a 25,840 SF lot, providing ample parking and accessibility.
?HIGH-QUALITY TENANT - NutritionOne is the largest private food caterer of school meals in the state of Arizona catering to over 72 schools across Phoenix, Tucson, Yuma, San Luis, and Lake Havasu.
?VALUE - ADD OPPORTUNITY - The lease includes no renewal options, allowing the investor full control of the property at lease expiration in 7 years. This opens the door for re-leasing at market rates, strategic tenant repositioning, or redevelopment potential in a high-traffic Phoenix corridor close to downtown.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,937 SF
Building Class
C
Year Built
1941
Price
$3,071,323 CAD
Price Per SF
$517.32 CAD
Cap Rate
6.22%
NOI
$191,036 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
0.59 AC
Zoning
C-3 - Commercial
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $0 CAD | Total Assessment | $161,908 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$161,908 CAD
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