Biscuits Cafe | 3% Annual Rent Increases | Peoria, AZ
Abs. NNN Lease | 3% Annual Rent Increases | Peoria, AZ
Marketing description
Lee & Associates is pleased to present the exclusive opportunity to acquire the fee simple interest in a freestanding, single tenant Biscuits Cafe located at 8877 W. Thunderbird Road in Peoria, Arizona. The 5,000 square foot restaurant sits on approximately 1.68 acres and is leased to Biscuits Enterprises, Inc. under an absolute NNN lease with 3% annual rent increases and 10+ years of remaining lease term. The tenant has demonstrated a long-term commitment to the location through an early lease extension, providing investors with stable cash flow, passive ownership, and a proven operating location.
Founded in 1998, Biscuits Cafe is a family-owned breakfast and lunch concept operating approximately 20 locations across Arizona, Oregon, and Washington. The lease is backed by a corporate guaranty from Biscuits Enterprises, Inc., with corporate headquarters located in Phoenix. The subject property is an established, high-volume restaurant generating approximately $2.35 million in annual sales, supported by a healthy 9.4% rent-to-sales ratio, reinforcing the tenant's long-term commitment to the site and the strength of the underlying real estate.
The property occupies a signalized hard corner at W. Thunderbird Road and W. Rio Vista Boulevard, benefiting from approximately 31,700 vehicles per day on Thunderbird Road and immediate access to Loop 101, which carries more than 107,700 vehicles daily. The surrounding trade area is anchored by national retailers including CVS, Safeway, Sprouts Farmers Market, Lowe's, Dutch Bros, McDonald's, Walgreens, Chase Bank, and QuikTrip, as well as a significant concentration of medical offices, healthcare providers, apartments, and senior housing communities. More than 315,000 residents live within five miles of the property with an average household income exceeding $104,000, positioning the asset within one of the Phoenix MSA's strongest and fastest-growing suburban retail corridors.
Investment highlights
- Healthy Unit Sales – Established High-Volume Location – Proven Store Performance
- Early Lease Extension – Long-Term Site Commitment – Tenant Confidence Through Proactive Lease Renewal
- Established Peoria Location – Strong Real Estate Fundamentals – Well Positioned Within of Phoenix’s Most Desirable Suburban Communities
- 3% Annual Rent Increases – Built-In NOI Growth – Consistent Contractual Rent Growth Throughout the Lease Term
- Corporate Lease Guaranty – Established Regional Operator – Credit Support from the Operating Company
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