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27817879
27817880

2901 E Bell Rd, Phoenix, AZ 85032

PL
CA 01912215, NV S.0169792 (+1)
SRS Real Estate Partners Newport Beach
MM
CA 01732226
SRS Real Estate Partners Newport Beach
PN
FL BK3120739, NC No. 281618
SRS Real Estate Partners Tampa
Listed by SRS Real Estate Partners Newport Beach, SRS Real Estate Partners Tampa
$1,775,000
233 days on market
Updated 54 days ago

Whataburger | Phoenix, AZ

Details
APN 214-30-014E
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,488
Cap Rate 4.65%
NOI $82,459
Occupancy 100%
Tenancy Single
Brand/Tenant Burger King, McDonald's (+1)
Lease Type Absolute NNN
Lease Term 17
Lease Expiration 08/31/2036
Remaining Term 10.2
Rent Bumps Yes
Lease Options 3 (5-year)
Broker Co-Op Yes
Year Built 1987
Buildings 1
Stories 1
Acreage 0.330
Zoning General Commercial
Parking Spaces 32 spaces
Parking Per SqFt 12.86
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 09/01/2019
Ground Lease No
Ownership Fee Simple (Land & Building Ownership)
Sale Condition 1031 exchange

10+ Yr. Remaining 10% Increases Every Five | Located at Signalized Hard Corner Averaging 48,100 VPD

Marketing description

Introducing an exceptional investment opportunity at the Bell Road Retail Plaza - a single-tenant absolute NNN property with corporate lease by Whataburger Restaurants, LLC. With over 10 years remaining on the lease, this property offers scheduled rental increases and options to extend, ensuring a steady income stream with 4.50% cap rate. Situated in a high-traffic retail corridor, this property boasts a strong location at the signalized hard corner of N 29th St and E Bell Rd with a daily average of 48,100 vehicles passing by. Direct access to Piestewa Freeway further enhances visibility, with major national retailers like Dutch Bros, Chipotle, and Starbucks nearby. Benefiting from a dense population of over 290,000 residents and a robust average household income of $135,985 within a 5-mile trade area, this investment opportunity presents a solid choice for passive investors looking for stable returns in a prime Phoenix location.

Investment highlights

  • 10+ Years Remaining | Scheduled Rental Increases | Options to Extend

  • Absolute NNN | Fee Simple Ownership

  • Signalized, Hard Corner | Piestewa Freeway | Dense Retail Corridor

  • Strong Demographics in 5-Mile Trade Area | Six-Figure Income

Listing Contacts

PL
CA 01912215, NV S.0169792 (+1)
SRS Real Estate Partners Newport Beach
MM
CA 01732226
SRS Real Estate Partners Newport Beach
PN
FL BK3120739, NC No. 281618
SRS Real Estate Partners Tampa
Listed by SRS Real Estate Partners Newport Beach, SRS Real Estate Partners Tampa

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$82,459.00
$6,871.58/mo

Valuation Metrics

0
DSCR
4.65%
Cap Rate
4.65%
ROI

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Additional Information

Name
Ed Beeh
License
AZ License No. BR032807000
Brokerage
SRS Real Estate Partners-West, LLC
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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