1975 E Williams Field Rd - Restaurant FOR SALE
Gilbert, AZ 85295 |
$6,375,000 USD
214-643-6097
1975 E Williams Field Rd
Gilbert, AZ 85295
HIGHLIGHTS
- LONG -TERM LEASE - 10 years remaining on NN lease with attractive 10% rental escalations every 5 years with two 5-year options to renew
- OPERATOR/SUBSTANTIAL REMODEL - Operator has strategically placed 6 distinct brands with 13 locations in Arizona & Texas
- Tenant just completed and paid for a full remodel (over $1 million) to rebrand of the restaurant - reaffirming their commitment to this location!
- TROPY LOCATION/HIGH BARRIERS TO ENTRY - Well positioned on the hard corner/signalized intersection
- HIGH TRAFFIC COUNTS/VISIBILITY - Pad site to At Home/Trader Joe’s Anchored Shopping Center - situated on a large ±1.615-acre parcel
- 2023 DEMOGRAPHICS: Total Population (5-MI): 295,883 | Average Household Income (1-MI): $168,121
FOR SALE DETAILS
PRICE
$6,375,000 USD
PRICE/SF
$750 USD /SF
CAP RATE
6.6%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
THE BACKYARD – GILBERT (PHOENIX MSA), AZ
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Bank, Fast Food, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2019
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.62 AC
LAND SF
70,567 SF
ZONING
C
APN/PARCEL ID
313-24-888
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214-643-6097
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214-643-6097
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