1636 S Stapley Dr - Fast Food FOR SALE


Mesa, AZ 85204- Central Mesa
$3,920,000 USD
714-393-2552
1636 S Stapley Dr, Mesa, AZ for Sale
$3,920,000 USD
Fast Food - FOR SALE
1/11
null | 6.25% Cap Rate

1636 S Stapley Dr
Mesa, AZ 85204
Central Mesa


HIGHLIGHTS

  • 13+ Years Remaining | Scheduled Rental Increases |Options To Extend | Well-Known & Established Tenant
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Dense Retail Corridor | Major Credit Tenants | National QSR Brands |Across From Mesa Grand Power Center (4.1M+ Annual Visits)
  • Direct Consumer Base | Adjacent 275K+ SF Office Center |Near On/Off Ramps of U.S. Hwy 60 (247,400 VPD)
  • Strong Demographics In 5-Mile Trade Area | Phoenix MSA |Near Large Scale Multi-Family/Apartment Communities

OVERVIEW

SRS Real Estate Partners-West, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, freestanding, Red Robin investment property located in Mesa, Arizona. The tenant has over 13 years remaining on its lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Founded in 1969, there are now more than 500 Red Robin restaurants across the United States and Canada, including those operating under franchise agreements.

FOR SALE DETAILS

PRICE

$3,920,000 USD

PRICE/SF

$620 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Red Robin | 13+yrs Remain Corp Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

98

LAND DETAILS

LAND ACRES

1.67 AC

LAND SF

72,745 SF

ZONING

LI

APN/PARCEL ID

139-11-091

ASK ABOUT THIS PROPERTY

Joe ChichesterSRS National Net LeaseMore Info
714-393-2552

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Joe ChichesterSRS National Net LeaseMore Info
714-393-2552

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