Listed by Echo West Capital Advisors
$2,153,826
Filiberto's Mexican Food
Details
APN 320-03-252
Property Type Retail
Square Footage 2,500
Net Rentable (SqFt) 2,500
Units 1
Cap Rate 5.88%
NOI $126,720
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Starbucks
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 10/01/2036
Remaining Term 10.3
Rent Bumps Yes
Lease Options Two, 5-Year Options
Price per SqFt $862
Year Built 2021
Stories 1
Acreage 0.690
Investment Type Net Lease
Lease Commencement 09/17/2021
Ground Lease No
Filiberto’s - Kingman, AZ | Top 5 Store (Per Placer.ai)
Investment highlights
- TOP-PERFORMING LOCATION WITH DOMINANT FOOT TRAFFIC - With approximately 216,435 annual visits, this location ranks among the top 5 stores nationwide, underscoring its exceptional customer demand and strong market presence (Placer.ai).
- LONG-TERM NNN LEASE WITH ZERO LANDLORD RESPONSIBILITIES - Filiberto’s signed an original 15-year triple net lease with more than 10 years of firm term remaining, this asset offers a truly passive, hands-off investment profile. The tenant is responsible for all operating expenses, maintenance, roof, and structural obligations, eliminating landlord responsibilities entirely. The lease further features attractive 10% rental increases every five years throughout the initial term and each option period,
- providing built-in income growth and reliable inflation protection.
- DOMINANT RETAIL AND COMMERCIAL CORRIDOR - The property is positioned within Kingman’s primary retail and commercial corridor. Within a three mile radius there is approximately 2.4 million square feet of retail, 1 million square feet of office, and more than 1,100 multifamily units. National and regional retailers within one mile include Walmart Supercenter, Safeway, The Home Depot, PetSmart, Petco, Staples, Ross Dress for Less, Boot Barn, O’Reilly Auto Parts, Taco Bell, Big 5 Sporting Goods, Dutch Bros Coffee, True Value, Discount Tire and Jimmy John’s, reinforcing the site’s strong retail synergy and daily traffic drivers.
- EXCELLENT INTERSTATE ACCESS AND VISIBILITY - The property offers premier frontage along Stockton Hill Road, Kingman’s dominant commercial artery, with traffic counts of approximately 23,669 vehicles per day. The site is located just feet from Interstate 40, which carries approximately 38,827 vehicles per day. Full access and drive thru functionality enhance customer convenience and long term tenant performance. The location sits at the center of Kingman’s retail, medical and school districts, supporting consistent daytime and commuter traffic.
- KINGMAN MSA GROWTH PROFILE - The Kingman MSA, with a population of approximately 226,479, continues to emerge as a regional economic hub driven by logistics, manufacturing and renewable energy. Its strategic positioning along major transportation corridors and proximity to regional airport infrastructure support distribution and commerce. Workforce growth and strong outdoor recreation amenities further enhance long term economic stability and population growth trends.
- FOUNDER GUARANTY | ESTABLISHED QSR BRAND - The lease is personally guaranteed by one of the original founding members of Filiberto’s Mexican Food. The brand operates more than 160 locations nationwide and maintains its headquarters in Arizona, where it has its highest concentration of stores. Additional locations are spread across California, Nevada, New Mexico and other Western states. The company remains privately held and family operated, with continued measured expansion through franchise and affiliated operators.
Listing Contacts
Listed by Echo West Capital Advisors
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Loan Amount
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Annual Debt Service
$--
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Annual Cash Flow
$126,720.00
$10,560.00/mo
Valuation Metrics
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DSCR
5.88%
Cap Rate
5.88%
ROI
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