1901 W Pinnacle Peak Rd | Phoenix, AZ 85027
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- LoopNet Team
1901 W Pinnacle Peak Rd
Phoenix, AZ 85027
ANGIE'S LOBSTER · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Long-term 20-year absolute NNN lease; landlord has ZERO responsibilities
- Brand-new 2022 construction, freestanding building with drive-thru
- Hard corner location and excellent retail frontage from 19th Avenue and Pinnacle Peak Road with a combined VPD of over 50,000
- Compounding rent growth with 2% annual increases throughout the primary term and all four, five-year option periods
- Second QSR concept from the founders of Salad and Go, a successful fast-casual made-to-order salad chain with over 80 locations across three states
- Average cap rate over the initial term is 6.56%
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
1,541 SF
Building Class
B
Year Built
2022
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.67 AC
Zoning
C
Parking
36 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
PROPERTY TAXES
| Parcel Number | 209-03-300 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $253,046 |
PROPERTY TAXES
Parcel Number
209-03-300
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$253,046
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