236 E Bell Rd - Restaurant FOR SALE


Phoenix, AZ 85022
$4,300,000 USD
602-206-0784
236 E Bell Rd, Phoenix, AZ for Sale
$4,300,000 USD
Restaurant - FOR SALE
1/4
null | 5.48% Cap Rate

236 E Bell Rd
Phoenix, AZ 85022


OVERVIEW

- Single-tenant Hawaiian Bros investment opportunity, featuring a brand-new 15-year absolute triple-net (NNN) lease with attractive 2.5% annual rental increases. - ???????Founded in 2018, Hawaiian Bros operates ±63 locations in 9 states (Source: Hawaiianbros.com). - Stine Enterprises, the franchisee, is well-established franchisee with 87 Jack in the Box restaurants, 14 Denny’s restaurants, and has plans to develop over 75 Hawaiian Bros restaurants in Arizona and Texas. Their corporate entity is guaranteeing this lease. - The Property is directly across the street from Bell Towne Centre and Bell Towne Plaza - a ±533,417 square-foot shopping center anchored by a Super Target, Sprouts Farmers Market, and LA Fitness. - The Property is a hard corner to the signaled intersection of Bell Rd and N 3rd St and just off the heavy traveled intersection of Bell Rd (±48,639 VPD) and N 7th St (±41,274 VPD). - North Canyon High School (±1,842 students) and Thunderbird High School (±1,540 students) are within 10 minutes from the Property (Source: USnews.com). - Strong demographics support the Property with a population of ±139,968 and an average household income of ±$102,404 in a 3-mile radius. - National retailers in the immediate proximity include Walgreens, Ross Dress for Less, Winco Foods, Panera Bread, Five Guys, Chipotle, Dave’s Hot Chicken, Jimmy John’s, El Pollo Loco, McDonald’s, Starbucks, Bank of America, Chase Bank, Arby’s, Panda Express, Wendy’s, and many more.

FOR SALE DETAILS

PRICE

$4,300,000 USD

PRICE/SF

$1,385 USD /SF

CAP RATE

5.48%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hawaiian Bros Island Grill Drive-Thru

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,320 SF

ZONING

C-C

APN/PARCEL ID

208-11-001E

ASK ABOUT THIS PROPERTY

Ben FarthingCBREMore Info
602-206-0784

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Ben FarthingCBREMore Info
602-206-0784

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