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Native Grill & Wings 5421 S Calle Santa Cruz 5,615 SF Retail Building Tucson, AZ 85706 $4,487,883 CAD ($799.27 CAD/SF) 7.25% Cap Rate

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INVESTMENT HIGHLIGHTS

10 Years Remaining on an Triple-Net (NNN) Lease - Seasoned Location
Ability to Earn Additional Rent when 8.5% of Store Sales Exceeds Base Rent
Easily Accessible by Interstae-19 (75,750+ Cars Per Day)

2% Rent Increases Every Year Throughout Initial Term and Each Option Period
212,210+ Residents Within a 5-Mile Radius
Situated Within Tucson Spectrum, a 960K+ Square-Foot Retail Power Center Serving South Tucson

EXECUTIVE SUMMARY

In 1978, Floyd and Judy Anderson and their daughters set off from Buffalo, New York to Arizona to follow their dream of owning and running a restaurant. They purchased a small local pizza joint, renamed it "Native New Yorker." The Andersons were the first to bring wings to Arizona, and almost immediately Native New Yorker began receiving awards for their wings. With strong ties to local organizations, including youth sports leagues, and school partnerships, Native Grill & Wings is strongly invested in Arizona communities, with locations in Texas and Illinois as well. The subject location is operated by a 4-unit Franchisee of Native Grill & Wings.
Tucson is the second largest metropolitan area in Arizona with just over one million residents and serves as an anchor to businesses located in the Southern Arizona corridor. Tucson offers its community an outstanding quality of life along with a low cost of doing business. Over the next five years, the metro is projected to add roughly 37,000 new residents.

Native Grill - Tucson, AZ_ Marketing Package

PROPERTY FACTS

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Restaurant

Building Size

5,615 SF

Building Class

Year Built

2016

Price

$4,487,883 CAD

Price Per SF

$799.27 CAD

Cap Rate

7.25%

NOI

$325,410 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.09

Lot Size

1.45 AC

Zoning

C-3 - Commercial

Parking

52 Spaces (9.26 Spaces per 1,000 SF Leased)

Frontage

111’ on S Calle Santa Cruz Rd

Freeway Visibility

Restaurant

Signage

Accommodation and Food Services
-
$9.99
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Native Grill & Wings has matured over 35 years of uncompromising flavor, food and fun. With the brand starting out as Native New Yorker Restaurant, named after a goofy little disco song that the founding family members listened to as they made their way from Buffalo New York in 1978, the birth place of the infamous chicken wing, to Native Grill & Wings which represents the loyal following of our guests. It can be heard over and over again; “I visited this Native”, “we met at this Native”, “we celebrated our championship game at this Native”. With 30 restaurants and growing, Native Grill & Wings is looking to break into emerging markets with strong, like-minded Franchise entrepreneurs who are passionate about keeping the legacy of the Anderson family dream alive and well. The 20 plus time winner of “Best Wings” awards is expanding to a location near you.