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8877 W Thunderbird Rd
Peoria, AZ 85381
Biscuits Cafe · Retail Property For Sale
Investment Highlights
- Healthy Unit Sales – Established High-Volume Location – Proven Store Performance
- Established Peoria Location – Strong Real Estate Fundamentals – Well Positioned Within of Phoenix’s Most Desirable Suburban Communities
- Corporate Lease Guaranty – Established Regional Operator – Credit Support from the Operating Company
- Early Lease Extension – Long-Term Site Commitment – Tenant Confidence Through Proactive Lease Renewal
- 3% Annual Rent Increases – Built-In NOI Growth – Consistent Contractual Rent Growth Throughout the Lease Term
Executive Summary
Lee & Associates is pleased to present the exclusive opportunity to acquire the fee simple interest in a freestanding, single tenant Biscuits Cafe located at 8877 W. Thunderbird Road in Peoria, Arizona. The 5,000 square foot restaurant sits on approximately 1.68 acres and is leased to Biscuits Enterprises, Inc. under an absolute NNN lease with 3% annual rent increases and 10+ years of remaining lease term. The tenant has demonstrated a long-term commitment to the location through an early lease extension, providing investors with stable cash flow, passive ownership, and a proven operating location.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
5,000 SF
Building Class
B
Year Built/Renovated
2002/2019
Price
$5,139,771 CAD
Price Per SF
$1,027.95 CAD
Cap Rate
6.25%
NOI
$321,252 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.07
Lot Size
1.68 AC
Zoning
C-2
Parking
80 Spaces (16 Spaces per 1,000 SF Leased)
Amenities
- Restaurant
- Signage
Property Taxes
| Parcel Number | 200-79-012D | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $334,285 CAD |
Property Taxes
Parcel Number
200-79-012D
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$334,285 CAD
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