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THE BACKYARD – GILBERT (PHOENIX MSA), AZ 1975 E Williams Field Rd 10,400 SF Retail Building Gilbert, AZ 85295 $8,220,223 CAD ($790.41 CAD/SF) 7% Cap Rate
Investment Highlights
- LONG-TERM LEASE - 8 years remaining on lease with attractive 10% rental escalations every 5 years with two 5-year options to renew
- Tenant just completed and paid for a full remodel (over $1 million) to rebrand of the restaurant - reaffirming their commitment to this location!
- HIGH TRAFFIC COUNTS/VISIBILITY - Pad site to At Home/Trader Joe’s Anchored Shopping Center - situated on a large ±1.615-acre parcel
- OPERATOR/SUBSTANTIAL REMODEL - Operator has strategically placed 8 distinct brands with 11 locations in Arizona & Texas with 4 additional restaurants
- TROPY LOCATION/HIGH BARRIERS TO ENTRY - Well positioned on the hard corner/signalized intersection directly across the street from Santan Village
- 2025 VERY AFFLUENT DEMOGRAPHICS: Total Population (5-MI): 300,254 | Average Household Income (1-MI): $165,036
Executive Summary
Property Facts
Amenities
- 24 Hour Access
- Corner Lot
- Restaurant
- Signalized Intersection
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- Jun 2034
Backyard Gilbert est un bar & grill intérieur/extérieur dynamique situé à Gilbert, AZ (SanTan Village). Développé par Evening Entertainment Group, ce lieu de divertissement de 9 500 pieds carrés propose des cocktails artisanaux, plus de 40 bières en fût, une cuisine raffinée préparée sur place, des jeux comme Pop-a-Shot et le jeu de poches, ainsi que de la musique live tous les soirs, allant de pianos en duel à des DJ. Avec ses murs de garage rétractables, ses écrans LED haute définition et sa terrasse accueillant les chiens, Backyard offre une expérience ludique mais soignée pour le brunch, les happy hours et les soirées de jeux. Son calendrier d'événements en constante évolution garantit que les habitants reviennent pour un divertissement renouvelé et une ambiance agréable.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | - | - | Jun 2034 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 313-24-888 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $527,493 CAD |
Property Taxes
Presented by
THE BACKYARD – GILBERT (PHOENIX MSA), AZ | 1975 E Williams Field Rd
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