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Marketing Description
INVESTMENT HIGHLIGHTS
- Highly desirable restaurant location in downtown Phoenix
- Remodeled in 2014 as a ±2,900 SF restaurant
- Absolute NNN lease by The Vig (http://thevig.us) for 10 years
- No options after the original 10 year term
- Year 1 NOI of $136,200.00 with a low rent/sales ratio for the tenant
- 2% annual increases
- Strong real estate appreciation with the location high growth area of down town Phoenix
- Tenant financials available upon request
- Extremely low rent to sales ratio set below 5% to keep The Vig in a healthy financial situation
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Sold on
BY:
Chris Hollenbeck PRO
•••.•••.4475
•••••.••••••beck@••••••••.com
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