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28753972
28753971

6606 W Camelback Rd, Glendale, AZ 85301

CP
NY 10401300636, NJ 1861396
Marcus & Millichap - Manhattan
MC
NY 10401311477
Marcus & Millichap - Manhattan
Listed by Marcus & Millichap - Manhattan
$1,625,000
78 days on market
Updated 78 days ago

Taco Bell I Phoenix, AZ MSA I 50K VPD Intersection

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant (+1)
Square Footage 2,340
NOI $97,133
Occupancy 100%
Tenancy Single
Brand/Tenant Taco Bell
Lease Type Absolute NNN
Lease Term 30.3
Lease Expiration 01/30/2030
Remaining Term 3.7
Lease Options No Options
Price per SqFt $694
Class A
Year Built 1999
Year Renovated 2020
Acreage 0.550
Investment Type Net Lease
Lease Commencement 10/31/1999
Occupancy Date 10/31/1999
Ground Lease No
Ownership Fee Simple

+/- 30 Year Occupancy, No Remaining Options

Investment highlights

  • Absolute NNN Leased Taco Bell with Zero Landlord Responsibilities: Absolute NNN Taco Bell Located Just Off the Highly Trafficked Signalized Intersection of W Camelback Road and North 67th Street with Over 50,000 Cars Passing Daily in Glendale, AZ

  • Nearly 30 Year Operating History w/ 3.5+ Year Lease and No Options: Taco Bell Has Operated at This Site for Nearly 30 Years Having Recently Exercised a 5-Year Option in November 2024 with 3.5+ Firm Lease Years Remaining and No Tenant Options to Extend

  • Guaranteed Leading National Franchisee: Lease Guaranteed by Luihn VantEdge Partners, One of the Largest Taco Bell Operators with Over 200 Units Primarily in the Fastest Growing US Markets (NC, SC, VA, FL, AZ)

  • Directly Across from AMS Camelback Campus (+/- 1,100 Students): Strategically Positioned Site Located Directly Across from AMS Camelback, a 5.91 Acre State-of-the-Art Charter School with +/- 1,100 Students Providing a Built-In Consumer Base

  • Less Than 5 Miles from State Farm Stadium: Less Than Ten Driving Minutes from State Farm Stadium, Home of the NFL’s Arizona Cardinals and Host of Three Super Bowls Since 2008 with an Estimated Economic Impact of +/- $5 Billon Since 2006

  • Exceptional Demographics in High Growth Phoenix MSA: Situated in an Area with Over 501,000 People Living Within a 5-Mile Radius within the Phoenix, AZ MSA Currently Boasting One of the Nation’s Strongest Economies

Listing Contacts

CP
NY 10401300636, NJ 1861396
Marcus & Millichap - Manhattan
MC
NY 10401311477
Marcus & Millichap - Manhattan
Listed by Marcus & Millichap - Manhattan

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$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$97,133.00
$8,094.42/mo

Valuation Metrics

0
DSCR
5.98%
Cap Rate
5.98%
ROI

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Additional Information

Name
Ryan Sarbinoff
License
AZ BR675146000
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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