109 South Perry Ln Tempe, AZ 85288
Property Features for 109 South Perry Ln
General Information
- Size
- 2,490 SF
Building Details
- Year built
- 2025
Source:
Lee-associates
Listing Agent: Ryan Bennett
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
New Wendy's Net Lease Opportunity
This newly constructed 2025 build-to-suit Wendy’s offers a net lease opportunity. The property is supported by a new 20-year absolute NNN lease. The tenant, Arizona Restaurant Company, LLC, operates over 40 Wendy’s units in Arizona and over 190 locations nationwide. Contractual rent increases of 10% are scheduled every five years, along with four additional 5-year options. The 2,490 square foot freestanding quick-service restaurant sits on 1.25 acres along the high-traffic Rio Salado Parkway corridor, with visibility to over 133,000 vehicles per day from the nearby Loop 101 and 202 freeways. The site is located at 109 S. Perry Lane, directly across from Tempe Marketplace, which attracts 12.9 million visitors annually. It is also less than 1.5 miles from Arizona State University’s Tempe campus, home to more than 55,000 students, and is surrounded by major national retailers including Target, Sam’s Club, JCPenney, Best Buy, and Nordstrom Rack.
Location Intelligence
Current Use by Public Records
Drive through restaurants
Location Insight
- Map
- Local Demand
- City
- Tempe
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.9043589
- Latitude
- 33.4288822
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FAQs
What type of property is this?
Drive through restaurant - New 2025 build-to-suit Wendy’s in Tempe, Arizona for sale.
Where is this drive through restaurant located?
The property is located at 109 South Perry Ln Tempe, AZ.
What is the asking price?
The asking price for this property is $3,684,000.
What are key features of this property?
This property features: - New 2025 build-to-suit Wendy's with a 20-year absolute NNN lease, providing completely passive ownership.; - Located in Tempe, AZ, part of the Phoenix MSA, on the high-traffic Rio Salado Parkway corridor with 133,000+ vehicles per day visibility.; - Tenant is Arizona Restaurant Company, LLC, Wendy's largest franchisee in Arizona, operating 40+ units in the state and 190+ nationwide.