Listed by Marcus & Millichap - Phoenix, Marcus & Millichap - Columbus
$2,160,000
Filiberto's - Brand New 20-Yr Abs NNN Lease
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 3,407
Cap Rate 5.75%
NOI $124,200
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 12/31/2045
Remaining Term 20
Rent Bumps Yes
Lease Options 2, 5 Year Options
Year Built 1998
Year Renovated 2025
Acreage 0.710
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 12/07/2025
Ground Lease No
10% Increases Every 5 Yrs | "Gateway to the Grand Canyon"
Marketing description
- "Gateway to the Grand Canyon" Drawing 5 Million Tourists Annually, With Other Popular Sites Including Bearizona Wildlife Park, Historic Route 66, and Outdoor Activities
- Absolute Triple-Net (NNN) Lease with Filiberto's, a Popular Regional Chain with ±130 Locations Throughout Arizona, California, and New Mexico
- Founder Guaranty - The Lease is Guaranteed Personally By One of Filiberto’s Original Founders, Sergio Tenorio Sr.
- 10% Rental Increases Every 5 Years
- The Lease Features Two, Five-Year Renewal Option with Rental Increases
- Located Directly at the I-40 Exit (19,050 CPD)
- Directly Across to Downtown Williams and the Historical Route 66
- Immediate Proximity to Highly Rated Hotels Such as Hampton by Hilton and The Grand Canyon Railway & Hotel
Investment highlights
Williams is driven heavily by tourism, earning its reputation as the “Gateway to the Grand Canyon” and drawing millions of tourists annually. The Grand Canyon Railway, which departs from Williams and travels to the national park, is one of the city’s largest attractions and employers. Visitors also flock to the town for its Route 66 nostalgia, access to outdoor recreation, and attractions such as Bearizona and scenic forest trails.
Filiberto’s, a popular 24-hour Mexican takeout restaurant, was first introduced to Arizona in 1993, when a store opened at Stapley Drive and Main Street in Mesa. Along with Arizona, Filiberto’s has locations in California and New Mexico.
Listing Contacts
Listed by Marcus & Millichap - Phoenix, Marcus & Millichap - Columbus
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$124,200.00
$10,350.00/mo
Valuation Metrics
0
DSCR
5.75%
Cap Rate
5.75%
ROI
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