Listed by SimonCRE
$2,762,000
Farmer Boys w/ Double Drive Thru
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,752
Cap Rate 5.25%
NOI $145,000
Tenancy Single
Lease Type NNN
Lease Term 20
Rent Bumps Yes
Lease Options Four (4), Five (5) Year Options
Year Built 2026
Buildings 1
Acreage 0.960
Investment Type Net Lease
Ground Lease Yes
Retail | 5.25% CAP | 2,752 SqFt
Marketing description
Strategically positioned on 163rd Ave & Pat Tillman seeing ±25,244 VPD. The property benefits from exceptional co-tenancy alongside Fry's Marketplace, a lineup that drives consistent consumer traffic and reinforces the long-term viability of the trade area.
Surprise's development focused mindset has brought 15,665+ planned housing units to support the growing economy and population of one of Arizona's fastest growing cities.
A dense and affluent surrounding population of over ±113,667 residents within a one mile radius, earning an average household income of approximately $163,766 provides a deep and resilient consumer pool to support long-term tenant performance.
Investment highlights
- Ground Lease | Zero Landlord Responsibilities - Ground leases transfer all maintenance, taxes, and operational obligations entirely to the tenant, leaving the landowner with passive income and zero day-to-day management duties.
- 20-Year Lease | 2026 Construction - Brand new 2026 construction paired with long-term leases ensures durability of income and minimal near-term capital expenditures.
- Rental Increases To Hedge Against Inflation - Built-in rent escalations offer consistent income growth and protection against inflationary pressures over the lease term.
- New Retail Intersection - Positioned at a newly developed retail intersection anchored by Fry's Marketplace, the property benefits from two of the grocery sector's most traffic-intensive operators, creating a high-frequency destination that drives consistent consumer visits and validates the long-term strength of the trade area.
Listing Contacts
Listed by SimonCRE
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$145,000.00
$12,083.33/mo
Valuation Metrics
0
DSCR
5.25%
Cap Rate
5.25%
ROI
Map
Zoning
PAD PlannedPlanned Area Development
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Last updated May 11, 2026 For deeper zoning details, reports are available at Zoneomics
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