2710 S 107TH AVE AVONDALE AZ 85323-5600
HIGH-PERFORMING QSR WITH 14 YEARS OF REMAINING NNN LEASE TERM
Marketing description
The Offering presents the opportunity to acquire a freestanding Filiberto’s Mexican Food located at 2710 S 107th Ave in Avondale, Arizona. Completed in 2019, the 2,200 SF Property is leased on a NNN basis through April 30, 2040, with 10% rent increases every five years and two additional five-year renewal options. Situated on the corner of S 107th Ave and W Lower Buckeye Rd, the Property benefits from strong visibility, drive-thru functionality, and convenient site access. This location records approximately 195k annual visits, ranking as the #1 Filiberto’s within a 10-mile radius and in the top 7% of locations nationwide, per Placer.ai. The surrounding trade area continues to expand, with an estimated 54,464 residents within a 2-mile radius in 2025, up 22% from 2020, reinforcing the property’s location within a rapidly growing residential trade area.
Investment highlights
Long-Term NNN Lease Structure: Leased through April 30, 2040, providing stable, passive income with limited landlord responsibilities.
• Attractive Rent Growth Profile: 10% contractual rent increases every five years throughout the base term and renewal options. Personal Guaranty of the lease for the full term and options from one of the original founders of Filberto’s Mexican Food and three others.
• Top-Tier Operational Performance: Approximately 195,000 annual visits, ranking in the top 7% of Filiberto’s locations nationwide and #1 within a 10-mile radius, per Placer.ai.
• Strong Corner Positioning: Located at the signalized intersection of S 107th Ave and W Lower Buckeye Rd with dual street frontage, visibility, and convenient access.
• 24-Hour Drive-Thru Concept: Round-the-clock operations with drive-thru functionality support consistent traffic and high-frequency customer visits.
• Dense and Expanding Residential Base: Over 54,000 residents within a 2-mile radius, reflecting 22% growth since 2020 and continued residential expansion in the immediate trade area.
• Recent Capital Improvement: New roof installed in 2023 with a 10-year warranty, helping minimize near-term capital needs.
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