1139 W Broadway Rd - Fast Food FOR SALE


Tempe, AZ 85282
$4,000,000 USD
602-538-7155
1139 W Broadway Rd, Tempe, AZ for Sale
$4,000,000 USD
Fast Food - FOR SALE
1/13
null | 3.75% Cap Rate

1139 W Broadway Rd
Tempe, AZ 85282


HIGHLIGHTS

  • Absolute NNN Ground Lease
  • Long Term 15 Year Primary Lease
  • Strong Corporate Guaranty
  • New double drive-thru prototype with dual menu boards
  • Extremely low rent compared to most Chick-Fil-A’s
  • New Chick-fil-A format with multiple curbside delivery takeout and mobile-order options (a first in Arizona)

OVERVIEW

INVESTMENT HIGHLIGHTS • Absolute NNN Ground Lease • Long Term 15 Year Primary Lease • Strong Corporate Guaranty • New double drive-thru prototype with dual menu boards • Extremely low rent compared to most Chick-Fil-A’s • Chick-fil-A opening for business in early December 2024 TENANT HIGHLIGHTS • Chick-fil-A generated $21.58 billion in sales in 2023 • Chick-fil-A's average revenue is by far the highest of any fastfood chain in America • The average Chick-fil-A drive thru generates over $9 million in revenues per year • ±3,000 locations in 48 states • www.chick-fil-a.com LOCATION HIGHLIGHTS • New Chick-fil-A format with multiple curbside delivery takeout and mobile-order options (a first in Arizona) • Less than 1.5 miles from Arizona State University (+54,144 On Campus Students) • Frontage on major arterial, Broadway Rd (±37,034 VPD) • Densely populated trade area with ±313,850 residents in a 5 mile radius • 1 mile from Tempe Diablo Stadium, home of the Los Angeles Angels Spring Training

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$1,257 USD /SF

CAP RATE

3.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

15 Year Absolute NNN Chick-fil-A Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.33 AC

LAND SF

57,935 SF

ZONING

I-1

APN/PARCEL ID

123-35-001C

ASK ABOUT THIS PROPERTY

Chris HollenbeckCushman & WakefieldMore Info
602-538-7155

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Chris HollenbeckCushman & WakefieldMore Info
602-538-7155

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.