Listed by Marcus & Millichap - San Diego
$5,166,667
IN-N-OUT - RARE TROPHY LOW RENT ABSOLUTE NNN GROUND LEASE
Details
APN 30430985
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 3,886
Cap Rate 3%
NOI $155,000
Tenancy Single
Brand/Tenant Burger King, Whataburger
Lease Type Absolute NNN
Lease Expiration 10/31/2044
Remaining Term 18.4
Rent Bumps Yes
Class A
Year Built 2024
Stories 1
Acreage 1.320
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease Yes
Irreplaceable Freeway Interchange Positioning
Marketing description
PLEASE VISIT THE PROPERTY WEBSITE TO DOWNLOAD FULL MARKETING PACKAGE:
https://themansourgroup.com/properties/310694/in-n-out-burger
Investment highlights
- Long Term Absolute Net Ground Lease Featuring 10% Rental Increases Every 5 Years Throughout the Initial Term and Options. New 2024 High Quality Construction with Drive-Thru.
- Just Steps from the Loop 202 On-Ramp, the San Tan Freeway Carries up to 94k+ Vehicles Daily, and Power Road Delivers Extraordinary Combined Vehicle Exposure Directly to the Subject Property.
- Walking Distance of ASU Polytechnic’s 600-Acre Campus, the Property Enjoys Immediate Access to over 11,000 Students and Faculty, Producing a Consistent, Recession-Resistant Captive Consumer Base throu
- Sitting Directly at the Loop 202 and Power Road Interchange, One of the Southeast Valley’s Busiest, the Property Delivers Maximum Visibility and Effortless Access for Thousands of Daily Freeway Commuters.
- Minutes from the Subject Property, Eastmark has Grown to 7,000 Homes and 20,000 Residents across a 3,200-Acre Master-Planned Community Ranked Arizona’s #1 Best-Selling Master-Planned Community for Five Consecutive Years.
- Positioned within Mesa’s Gateway Employment District, the Property Sits Minutes from Boeing, Raytheon, Virgin Galactic, Honeywell, and Intel Operations near ASU Polytechnic, Placing Thousands of High-Income Daytime Employees Directly within the Subject Property’s Trade Area.
- Located Just Minutes from Mesa Gateway Airport, whose Gateway 2030 Expansion Targets 10 Million Annual Passengers and 60 Boarding Gates, the Property Stands to Benefit from Massive Future Employment and Infrastructure Growth.
- Centrally Positioned to Serve Mesa, Gilbert, Chandler, Queen Creek, and San Tan Valley, the Property Sits at the Core of Arizona’s Fastest-Growing and most Affluent Population Zone, Ensuring a Deeply Expanding Consumer Base.
Listing Contacts
Listed by Marcus & Millichap - San Diego
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$155,000.00
$12,916.67/mo
Valuation Metrics
0
DSCR
3%
Cap Rate
3%
ROI
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