- Brand-new, single-tenant investment opportunity with Angie’s Lobster and Burger, quick-service restaurant concepts by the founders of the popular, healthy drive-thru company Salad and Go. - ±20.5-year absolute triple-net (NNN) lease with attractive 2% annual increases and four (4), five (5) year option periods. The lease is personally guaranteed by the founders. - Angie’s Food Concepts currently has 12 locations open under their concepts Angie’s Lobster, Angie’s Burger, 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 within 5 minutes of Westgate Entertainment District, which offers over 533,000 square feet of retail, office, and residential space; State Farm Stadium, home of the NFL’s Arizona Cardinals (±73,000 seats); and Desert Diamond Arena (±18,300 seats). Westgate also features Tanger Outlets, which has over 90 brand name outlet stores. - Currently under development approximately 5 minutes southwest of the Property is the VAI Resort, the largest hotel and entertainment destination in Arizona with over 1,200 luxury hotel suites and rooms, a large state of the art 360-degree concert stage, and 13 elevated fine dining concepts; and the Mattel Adventure Park, Arizona’s first fully themed indoor/outdoor amusement park covering 9 acres. Both are expected to open in 2025. - Approximately 6 minutes northwest of the Property is the Desert Diamond Casino – West Valley, a casino with ±320 rooms and over 75,000 square feet of entertainment. - The demographics surrounding the Property are strong, with an average household income of $122,591 in a 1-mile radius and population of ±150,104 in a 3-mile radius (Source: Esri). - The Property is located at the highly traveled intersection of W Glendale Ave and 83rd Ave, with ±43,019 VPD (Source: ADOT, 2023).