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4716 E Ray Rd Phoenix, AZ 85044

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For Sale
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Single tenant NNN land lease in Ahwatukee Foothills.

Building Details

Year built
2021

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Listing Contact
Ryan Johnson, Ccim
Ryan Johnson, Ccim
Source: Tcnworldwide

Listing Agent: Ryan Johnson, Ccim

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Salad and Go Land Lease

This single-tenant triple net land lease asset is for sale, located at 4716 E Ray Rd, Phoenix, AZ 85044. Constructed in 2021, the property is occupied by Salad and Go and is situated in the Ahwatukee Foothills submarket, featuring frontage on E Ray Rd at the Ahwatukee Foothills Towne Center. The property is an outparcel to the 705,696 square foot Ahwatukee Foothills Towne Center, a retail center with anchor tenants including Target, Hobby Lobby, and Big 5 Sporting Goods. The location is approximately 13 minutes from Superstition Fwy 60 and a short distance from the Phoenix Premium Outlets. The corporate-backed ground lease has 15 years remaining and includes 2% annual rent increases on a 20-year NNN lease. The net operating income (NOI) is based on the July 2026 rent.
Location Intelligence

Current Use by Public Records

Salad and Go Restaurant

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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City
Phoenix
County
Maricopa
State
Arizona
Longitude
-111.9827864
Latitude
33.3202424

FAQs

What type of property is this?
Drive through restaurant - Single tenant NNN land lease in Ahwatukee Foothills.
Where is this drive through restaurant located?
The property is located at 4716 E Ray Rd Phoenix, AZ.
What are key features of this property?
This property features: - Corporate-backed ground lease with 15 years remaining.; - Located in the Ahwatukee Foothills Towne Center, a 705,696 sqft marquee shopping center.; - **Outparcel location with prime frontage on E Ray Rd.**
More about this property
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