9040 Black Canyon
Phoenix, AZ 85051
Metrocenter
HIGHLIGHTS
- 20-Year Absolute NNN Lease | The lease commenced on 7/2/2021 and has ~17 years remaining. The lease carries no landlord responsibilities.
- Corporate Guaranty | The lease features a corporate guaranty from Crazy Eyes Holdings, LLC, the parent company of Ojos Locos.
- Attractive Rental Increase Structure | The lease features 2.00% annual rental increases offering an attractive hedge against inflation.
- Excellent Unit-Level Economics | Please contact listing broker for more details.
OVERVIEW
NNN Pro is pleased to present the exclusive listing for an Ojos
Locos located at 9040 North Black Canyon Highway, Phoenix,
AZ 85051. The site consists of roughly 7,385 rentable square feet
of building space on an estimated 0.44-acre parcel of land. This
Ojos Locos is subject to a 20-year Triple Net (NNN) lease, which
commenced 7/2/2021. The current annual rent is $286,526 and
has scheduled increases of 2.00% Annually.
FOR SALE DETAILS
PRICE
$4,658,959 USD
PRICE/SF
$631 USD /SF
CAP RATE
6.15%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Ojos Locos
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2021
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.44 AC
LAND SF
19,166 SF
ZONING
-
APN/PARCEL ID
149-13-020
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
310-966-0122
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
Please correct the highlighted field(s).
310-966-0122
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
