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24956567
24956574

1559 S. Gilbert Road, Mesa, AZ 85204

ES
AZ AZ #SA693314000
SVN | Desert Commercial Advisors
JL
AZ SA648012000
SVN | Desert Commercial Advisors
Listed by SVN | Desert Commercial Advisors
$1,947,500
326 days on market
Updated 44 days ago

Native Grill & Wings

Details
APN 140-61-170
Property Type Retail
Sub Type Restaurant
Square Footage 6,506
Cap Rate 6.00%
NOI $116,850
Tenancy Single
Brand/Tenant Native Grill & Wings
Lease Type NNN
Lease Expiration 11/29/2030
Remaining Term 5
Lease Options Two (2), Five (5) Year Options
Price per SqFt $299
Year Built 1988
Year Renovated 2020
Buildings 1
Stories 1
Acreage 0.960
Zoning LC
Tenant Credit Franchisee, Corporate Guarantee
Lease Commencement 11/30/2020

STNL Restaurant for Sale - 1st Renewal Option Exercised ±$299 PSF

Marketing description

Nestled in the vibrant Central Mesa neighborhood at the bustling intersection of Gilbert Road and Southern Avenue, 1559 S. Gilbert Road offers a prime commercial opportunity in one of Arizona's fastest-growing cities, with this area of Mesa's estimated population exceeding 400,000 and steady annual growth of about 0.8%. This high-traffic corridor features average daily vehicle counts around 45,000 on Gilbert Road, ensuring exceptional visibility and accessibility via U.S. Route 60 just minutes away. The property is surrounded by key points of interest including national retailers like Target, AutoZone, and Burger King, fitness spots like The Shop Gym, diverse dining options, recreational attractions like nearby parks with frisbee golf, basketball, and volleyball courts, top-rated schools, Superstition Mountains, Apache Trail, and Salt River for outdoor adventures. The Commemorative Air Force Airbase Museum, Mesa Arts Center, and Dutton Theater are a few short minutes away.

SVN Desert Commercial Advisors is pleased to present a NNN leased investment opportunity in Central Mesa, AZ. This 6,506 SF building, zoned LC, is situated in the heart of the East Valley. This is Native Grill & Wings is the second oldest franchise operator in Arizona. The franchise itself, has nearly 20 Arizona locations. This offering includes a NNN lease with multiple guarantors, providing peace of mind for investors. Strategically positioned north of the US-60 Interchange on Gilbert Road, this property benefits from strong east valley demographics and high traffic volume of nearly 45,000 VPD. With an original 5-year lease and two 5-year renewal options, this investment promises stability and growth in a densely populated area.

Investment highlights

  • Popular Restaurant Franchise with Local Roots
  • Nearly 20 Arizona Locations
  • ±6,506 SF of Building per County: 6,355 SF per Lease Agreement
  • NNN Lease - Roof + Structure LL Responsibility
  • Multiple Guarantors - Franchisee Guaranty and Corporate Guaranty
  • Original 5 year Lease w/ Two 5 Year Renewal Options (Option 1 Formally Exercised)
  • 2.5% Annual Rental Increases
  • Strategically Located North of the US-60 Interchange on Gilbert Road
  • Strong East Valley Demographics
  • Densely Populated with Over 400,000 Residents in a 5-mile Radius
  • Nearly 45,000 VPD Along Gilbert Road
  • Over $200k of Recent HVAC, Roof, and Restaurant Fixture Improvements

Listing Contacts

ES
AZ AZ #SA693314000
SVN | Desert Commercial Advisors
JL
AZ SA648012000
SVN | Desert Commercial Advisors
Listed by SVN | Desert Commercial Advisors

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$116,850.00
$9,737.50/mo

Valuation Metrics

0
DSCR
6%
Cap Rate
6%
ROI

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Additional Information

Name
Elijah Stephens
License
AZ #SA693314000
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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