Salad and Go Ground Lease 8220 W Thunderbird Rd 734 SF 4-Star Retail Building Peoria, AZ 85381 $3,623,910 CAD ($4,937.21 CAD/SF) 5.50% Cap Rate

???????Single-tenant Salad and Go investment opportunity featuring an absolute triple-net (NNN) ground lease with ±16.5 years of initial term remaining and attractive 2% annual rental increases.
Salad and Go is a drive-thru only, quick-service restaurant concept that offers fresh and nutritious salads, wraps, soups, breakfast burritos, and house-made beverages at prices lower than most competitors. Salad and Go currently operates ±70 locations across Arizona and Nevada.
The Property has excellent frontage and visibility on W Thunderbird Rd (±33,651 VPD) and is just off the signalized intersection with N 83rd Ave (combined ±53,375 VPD). Loop-202 (±136,526 VPD) is ±2 minutes west (Source: ADOT, 25).
This location boasts a dense 3-mile population of ±120,343 and healthy average household income of ±$98,217 (Source: Esri).
An EoS Fitness anchored center, Sprouts Farmers Market anchored center, and Lowe's Home Improvement center are across the street.
Peoria Sports Complex (±12,518 seats and ±212,514 annual visitors), spring training home of the San Diego Padres and Seattle Mariners, is ±4 minutes north (Source: City of Peoria).
Stadium Point @ P83, a $510M, ±17-acre mixed-use project which includes ±645,000 SF of class-A office, ±357 Class-A multi-family units, a ±220 room hotel, and ±93,000 SF of upscale retail and dining, is ±5 minutes north (Source: Phoenix Business Journal).
Centennial High School (±2,002 students) and Peoria High School (±1,573 students) are within ±5 minutes (Source: US News).
Arrowhead Towne Center (±1.1M SF shopping mall with ±8.9M annual visitors), anchored by Macy's, Dillard's, JCPenney, and Dick's Sporting Goods, is ±7 minutes north (Source: Newquest).