Property History
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Marketing Description
- The immediate trade area is exploding with new retail, restaurant, hotel, offices and business park.
- Situated within “The BLVD” Avenue District, Avondale’s latest mixed-used development which is planned to include Avid Hotel, Phoenix Children’s Hospital, Avair Apartments (345 units under construction) and The Village at The BLVD (187 units)
- Adjacent to American Sports Center that welcomes +500,000 visitors annually
- Excellent access and visibility, located just 1/2 mile from I-10 which is traveled by 208,372 vehicles per day
Investment Highlights
- Opportunity to Invest in Real Estate Backed by one of the Strongest Franchisees in the Company
- 15-Year Absolute Triple Net (NNN) Lease
- ZERO Landlord Responsibilities
- 10% Increases Every 5 Years Throughout the Entire Lease Term Including Options
- Sale Price: $3,250,000
- Cap Rate: 4.00%
- Net Cash Flow: $130,000
- Lease Term: 15 Year Initial Term
- Options: Three, 5-Year Options
- Location: 888 North 114th Avenue
- Avondale, Arizona 85323
- Building Size: ±1,103 + 378 SF Patio
- Parcel Size: 0.81 AC
- Building Status: Under Construction
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