1559 S Gilbert Rd Mesa, AZ 85204
NNN leased investment opportunity in Central Mesa, Arizona.
Building Details
- Year built
- 1988
Source:
Svndesertcommercial
Listing Agent: Jonathan Levy
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Mesa NNN Leased Investment Opportunity
This 6,506 square foot building is located in Central Mesa, Arizona, in the heart of the East Valley. The property is zoned LC and is situated north of the US-60 Interchange on Gilbert Road, benefiting from strong east valley demographics and a high traffic volume of nearly 45,000 vehicles per day. The property is a Native Grill & Wings franchise, the second oldest franchise operator in Arizona, with nearly 20 Arizona locations. The offering includes a NNN lease with multiple guarantors. The original lease term is 5 years, with two 5-year renewal options, the first of which has been formally exercised. The lease includes 2.5% annual rental increases. The property is located at the intersection of Gilbert Road and Southern Avenue in a densely populated area with over 400,000 residents in a 5-mile radius. The area has an estimated population exceeding 400,000 with steady annual growth of about 0.8%. The property is surrounded by national retailers like Target, AutoZone, and Burger King, fitness spots like The Shop Gym, diverse dining options, recreational attractions like nearby parks with frisbee golf, basketball, and volleyball courts, and top-rated schools. The Commemorative Air Force Airbase Museum, Mesa Arts Center, and Dutton Theater are a few short minutes away. Over $200,000 of recent HVAC, roof, and restaurant fixture improvements have been made. The lease agreement specifies the building size as 6,355 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Native Grill & Wings
Restaurant
Similar Places Nearby
Catertainment, Bartender Phoenix AZ, Just Catering, The Taco Spot Food Truck Mexican Food Catering, Gilded Grub
Location Insight
- Map
- Local Demand
- City
- Mesa
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.7868687
- Latitude
- 33.3879355
Nearby Similar for Sale
FAQs
What type of property is this?
Restaurant - NNN leased investment opportunity in Central Mesa, Arizona.
Where is this restaurant located?
The property is located at 1559 S Gilbert Rd Mesa, AZ.
What is the asking price?
The asking price for this property is $1,947,500.
What are key features of this property?
This property features: - NNN Lease with Multiple Guarantors (Franchisee and Corporate) providing investment security.; - Strategically located north of the US-60 Interchange on Gilbert Road with high traffic volume (45,000 VPD).; - Original 5-year lease with two 5-year renewal options (Option 1 Formally Exercised) and 2.5% annual rental increases.
