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33831323
33831320

8220 West Thunderbird Road, Peoria, AZ 85381

CH
AZ SA584876000
Cushman & Wakefield - Phoenix, Arizona
SC
AZ SA673156000
Cushman & Wakefield - Phoenix, Arizona
Listed by Cushman & Wakefield - Phoenix, Arizona
$2,615,000
2 days on market
Updated 1 day ago

Salad and Go | Long Term Absolute NNN Ground Lease

Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 734
Cap Rate 5.65%
NOI $147,736
Occupancy 100%
Tenancy Single
Brand/Tenant Salad and Go
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 08/13/2042
Remaining Term 16.1
Rent Bumps Yes
Lease Options Three (3) five (5) year options
Price per SqFt $3,563
Year Built 2022
Acreage 0.690
Tenant Credit Corporate Guarantee
Lease Commencement 08/14/2022
Ground Lease Yes

5.65% CAP | Strong Corporate Guaranty

Marketing description

Cushman & Wakefield is pleased to present the opportunity to acquire a net leased investment occupied by Salad and Go, a rapidly expanding drive-thru restaurant concept focused on providing fresh, nutritious, and affordable meals. The offering is secured by a long-term absolute NNN ground lease with approximately 16 years of primary term remaining, annual rent increases, and a corporate guaranty, providing investors with stable cash flow and zero landlord responsibilities.

Founded in 2013 in Gilbert, Arizona, Salad and Go has emerged as one of the most recognizable health-focused quick-service restaurant brands in the Southwest. Through its innovative drive-thru-only format and vertically integrated operating model, the company has built a scalable platform centered on convenience, quality, and value. Today, Salad and Go operates approximately 70 locations across Arizona and Nevada and employs roughly 1,000 people. The brand continues to benefit from strong consumer demand, growing brand awareness, and a loyal customer base throughout its core markets. Notably, Placer.ai ranks this location among the top three highest-performing Salad and Go stores nationwide, with estimated annual sales of approximately $3.7 million.

The subject property is strategically positioned along Thunderbird Road in Peoria, Arizona, one of the West Valley's most established retail corridors. The site benefits from exceptional visibility and accessibility, with traffic counts exceeding 35,000 vehicles per day and immediate proximity to Loop 101, which carries more than 138,000 vehicles daily. The property is surrounded by a strong mix of national retailers and daily-needs destinations including Sprouts Farmers Market, Lowe's Home Improvement, EoS Fitness, CVS, Dutch Bros Coffee, and numerous additional retailers and restaurants. The location is also less than one mile from the Peoria Sports Complex, spring training home of the Seattle Mariners and San Diego Padres, and serves a densely populated trade area with more than 330,000 residents within a five-mile radius and average household incomes exceeding $118,000 within one mile.

This offering represents an opportunity to acquire a high-performing net lease asset backed by a proven restaurant operator, long-term lease security, contractual rent growth, and an irreplaceable location within one of the fastest-growing regions of the Phoenix metropolitan area.

Investment highlights

INVESTMENT HIGHLIGHTS

  • Absolute NNN Ground Lease
  • Long term primary lease - 16 years remaining
  • Strong Corporate Guaranty
  • Ranked among the Top 3 Salad and Go locations nationwide with estimated annual sales of ±$3.7M (Placer.ai)

TENANT HIGHLIGHTS

  • ±70 locations across Arizona and Nevada
  • Approximately 1,000 employees
  • Drive thru only restaurant offering healthy meals on the go
  • www.saladandgo.com

LOCATION HIGHLIGHTS

  • Excellent visibility and accessibility along Thunderbird Road with ±35,060 VPD
  • Surrounded by a strong mix of national retailers including Sprouts Farmers Market, Lowe’s Home Improvement, EoS Fitness, CVS, Dutch Bros Coffee, Burger King, Jimmy John's and more
  • Located less than 0.5 miles from Loop 101, providing convenient access to the greater Phoenix metropolitan area and benefiting from traffic counts exceeding ±138,000 vehicles per day
  • Approximately 1 mile from Peoria Sports Complex, Spring Training home of the Seattle Mariners and San Diego Padres
  • Densely populated trade area with over ±330,000 residents in a 5-mile radius
  • High average household incomes over $118,000 in a 1 mile radius
  • ±0.5 miles from Centennial High School (±2,002 students) and ±1.5 miles from Peoria High School (±1,573 students)

Listing Contacts

CH
AZ SA584876000
Cushman & Wakefield - Phoenix, Arizona
SC
AZ SA673156000
Cushman & Wakefield - Phoenix, Arizona
Listed by Cushman & Wakefield - Phoenix, Arizona

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$147,736.00
$12,311.33/mo

Valuation Metrics

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DSCR
5.65%
Cap Rate
5.65%
ROI

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Zoning

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Last updated May 11, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Chris Hollenbeck
License
SA584876000
Brokerage
Cushman & Wakefield
Name
Shane Carter
License
SA673156000
Brokerage
Cushman & Wakefield
Brokerage Phone
(602) 224-4442
Title
Director
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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