323 N Gilbert Rd - Restaurant FOR SALE


Gilbert, AZ 85234- Downtown Gilbert
$9,850,000 USD
602-538-7155
323 N Gilbert Rd, Gilbert, AZ for Sale
$9,850,000 USD
Restaurant - FOR SALE
1/27
null | 6.42% Cap Rate

323 N Gilbert Rd
Gilbert, AZ 85234
Downtown Gilbert


HIGHLIGHTS

  • Brand new 10 year extension (14 years primary term remaining) showing commitment to the site
  • Trophy location in Downtown Gilbert
  • 2% annual rent increases - ideal hedge against inflation
  • A rare license to hold live music concerts runs with the property
  • Extremely high sales and a low rent to sales ratio (Ask Broker for more details)
  • Extremely high average household incomes of $133,142 within the trade area (over double of Phoenix MSA’s average)

OVERVIEW

INVESTMENT HIGHLIGHTS • Trophy location in Downtown Gilbert • 2% annual rent increases - ideal hedge against inflation • A rare license to hold live music concerts runs with the property • Minimal Landlord responsibilities • Extremely high sales and a low rent to sales ratio (Ask Broker for more details) • 14 years primary term remaining TENANT HIGHLIGHTS • Dierks Bentley’s Whiskey Row is owned by RIOT Hospitality Group (www.riothg.com) a premier hospitality management company headquartered in Scottsdale, AZ with 10 concepts spanning 15 locations • Dierks Bentley’s Whiskey Row (www.dierkswhiskeyrow. com) is a proven concept with four locations in Scottsdale, Gilbert, Denver, and Nashville • Riot Hospitality Group operates several successful and unique brands such as, Whiskey Row, El Hefe, Hand Cut, Farm & Craft, Maya Day Club and Clubhouse, The District, Seven, Riot House, Shiv Supper Club and Cake LOCATION HIGHLIGHTS • Extremely high average household incomes of $133,142 within the trade area (over double of Phoenix MSA’s average) • Dierks Bentley’s Whiskey Row is the only entertainmentbased music bar in the Heritage District • The Heritage District boasts over 30 restaurants and shops, making it a culinary hotspot in the Phoenix metro area • Located near the new 10-acre mixed use development of Heritage Park, which will bring a diverse mix of dining, retail, and residential spaces to vibrant Downtown Gilbert Check out the virtual tour of the property with the link below: https://my.matterport.com/show/?ref=em&m=ciJVd4ZqR1C

FOR SALE DETAILS

PRICE

$9,850,000 USD

PRICE/SF

$738 USD /SF

CAP RATE

6.42%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Trophy Net Lease Dierks Bentley’s Whiskey Row

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

101

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,988 SF

ZONING

HVC

APN/PARCEL ID

304-16-837

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.