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32955140
32955136

2 Locations

CL
AZ SA627823000
Marcus & Millichap - Phoenix
MR
AZ SA550593000
Marcus & Millichap - Phoenix
ZH
OH AZ, OH CO000422000
Marcus & Millichap - Columbus
Listed by Marcus & Millichap - Phoenix, Marcus & Millichap - Columbus
$4,955,966
13 days on market
Updated 13 days ago

Original ChopShop & Minnow - 2 Tenant NNN Retail Building

Details
Property Type Retail
Sub Type Restaurant
Square Footage 4,369
Cap Rate 6%
NOI $297,358
Occupancy 100%
Tenancy Multi
Lease Type NNN
Lease Term 10
Rent Bumps Yes
Lease Options 2, 5 Year Options
Year Built 2018
Acreage 0.600
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No

Very Desirable Location in the Arcadia Neighborhood | Strong Reported Store Sales

Marketing description

Original ChopShop was founded in Scottsdale, Arizona in 2013 and now operates 27 locations and counting throughout the Phoenix, Tucson, Dallas, Houston, and Atlanta markets. Original ChopShop serves protein bowls, juices, salads, and sandwiches made from scratch. Original ChopShop provides a warm, welcoming place where guests “Fuel Their Well-Being” with flavorful food that’s “Chopped-in-Shop” daily with real, quality ingredients.

Minnow is a sushi, matcha, and cocktail bar that opened its first location in Phoenix in 2025. Open from 7am to 8pm daily (9pm on Fridays and Saturdays), Minnow aims to be the kind of place people can stop in for a morning matcha, come back for lunch, swing by for happy hour, or settle in for dinner and cocktails. The menu is centered around fresh sushi, craveable small plates, and a thoughtful matcha program, alongside craft cocktails, beer, and wine.

The Phoenix metro consists of Maricopa and Pinal counties, and includes more than 30 incorporated and more than 30 unincorporated towns and cities. As of 2020, Metro Phoenix had 4.8 million residents, making it the nation’s 11th-largest metropolitan area. The largest city is Phoenix, which encompasses about 520 square miles and boasts a population of more than 1.6 million.

Investment highlights

  • NNN Leases with Two Restaurant Brands - ChopShop has 27 Locations and Minnow is Part of an Established Phoenix-Based Restaurant Group
  • Very Desirable Location in the Arcadia Neighborhood - Adjacent to the Biltmore Corridor
  • Both Tenants Performing Extremely Well – Strong Reported Store Sales
  • Dense Trade Area in the Heart of Phoenix's Arcadia Neighborhood - Daytime Population Exceeds 531,000 People within a 5-Mile Radius
  • Annual Rental Increases with Multiple Renewal Options
  • Hard Corner Location, Easily Accessible by ±44,500 Cars per Day
  • Situated in One of Phoenix's Most Affluent and Highly Sought-After Communities - Average Household Income Exceeds $137,000 in the Immediate Area
  • Down the Road from the Biltmore Corridor - Anchored by the Arizona Biltmore Resort & Golf Club and Home to Offices, Restaurants, and the Biltmore Fashion Park

Listing Contacts

CL
AZ SA627823000
Marcus & Millichap - Phoenix
MR
AZ SA550593000
Marcus & Millichap - Phoenix
ZH
OH AZ, OH CO000422000
Marcus & Millichap - Columbus
Listed by Marcus & Millichap - Phoenix, Marcus & Millichap - Columbus

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$297,358.00
$24,779.83/mo

Valuation Metrics

0
DSCR
6%
Cap Rate
6%
ROI

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Additional Information

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