- Brand-new, single-tenant investment opportunity with Angie’s Lobster and Prime Grill, a quick-service restaurant concept by the founders of the popular, healthy drive-thru company Salad and Go. - ±20-year absolute triple-net (NNN) lease with 10% rental increases every five years and three (3), five (5) year option periods. The lease is personally guaranteed by the founders. - The Property includes two Wells Fargo ATMs on a 5-year lease with 10% rental increases every five years and three (3), five (5) year option periods. The Wells Fargo Bank branch directly across the street has ±$330M in 2023 Deposits (Source: FDIC.gov). - Angie’s Food Concepts currently has 13 locations open under their concepts Angie’s Lobster, Angie’s Burger, Angie's Chicken, and Angie’s Prime Grill, with a dozen more scheduled to open within the next year. - Angie’s Lobster is a vertically integrated company. To control costs, they purchased a wharf in Bailey Island, ME to buy lobster direct, as well as a lobster processing facility in Richmond, ME, where they process all lobster for their drive-thru properties. By cutting out the middlemen, Angie’s Lobster is able to profitably serve fresh-caught Maine lobster meals at a fraction of the price compared to their competitors. - The Property is located just off S Milton Rd, the primary thoroughfare in Flagstaff with ±40,174 VPD (Source: ADOT, 2023). - The Property is walking distance from Northern Arizona University (±28,194 students) (Source: nau.edu). - Nearby national retailers include Target, Sprout's Farmers Market, Safeway, Ross Dress for Less, The Home Depot, Wells Fargo, Chick-fil-A, In N Out, Raising Cane's, Starbucks, Chipotle, and many more. - Flagstaff attracts over 6 million annual visitors largely due to its close proximity to the Arizona Snowbowl ski resort and the Grand Canyon.