Old Chicago NNN
For Sale
Contact for pricing
2950 E Germann Rd, Chandler, AZ 85249
Operating under an absolute triple-net lease with renewal options extending beyond the initial term.
Property SizeContact for details
Days on Market144
Property Features for 2950 E Germann Rd
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
Bang Realty
(888) 737-2264
Listed By:
Brian Brockman · License #BR691523000
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 30 at 3:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bang Realty
Investment Insights
Based on property information with market context.
The property is occupied by an Old Chicago restaurant in a freestanding commercial building containing approximately 5,627 rentable square feet. The improvements sit on an estimated 1.14-acre parcel at 2950 E Germann Rd in Chandler, Arizona.
The real estate is subject to a 20-year absolute triple-net lease that began September 21, 2018. Contractual rent increases are set at 10% every five years during the base term, with the same escalation structure applying through each of three five-year renewal options.
The real estate is subject to a 20-year absolute triple-net lease that began September 21, 2018. Contractual rent increases are set at 10% every five years during the base term, with the same escalation structure applying through each of three five-year renewal options.
Key Highlights
- Old Chicago restaurant occupying approximately 5,627 rentable square feet
- Estimated 1.14‑acre parcel at 2950 E Germann Rd, Chandler, AZ 85249
- 20‑year absolute triple‑net lease commenced September 21, 2018
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,322
Businesses Nearby
420k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 34%
Shops & Services 33%
Apparel 24%
Dining 6%
Target
Superstores
144,062 visits/mo
0.3 miles
Hobby Lobby
Shops & Services
67,232 visits/mo
0.3 miles
T.J. Maxx
Apparel
49,686 visits/mo
0.2 miles
Five Below
Shops & Services
33,006 visits/mo
0.2 miles
Ross Dress for Less
Apparel
32,471 visits/mo
0.2 miles
Demographics for 85249, AZ
47,414
Population
17,489
Households
2.7
Avg Household Size
42
Median Age
56%
College-Educated
96%
High-School Grad
14.3 sq mi
ZIP Area
3,316
Density / Sq Mi
$150,985
Median Household Income
$74,519
Median Earnings
$2,318
Median Rent
$610,800
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Operating under an absolute triple-net lease with renewal options extending beyond the initial term.
Where is this nnn property located?
The property is located at 2950 E Germann Rd Chandler, AZ.
What are key features of this property?
This property features: Old Chicago restaurant occupying approximately 5,627 rentable square feet; Estimated 1.14‑acre parcel at 2950 E Germann Rd, Chandler, AZ 85249; 20‑year absolute triple‑net lease commenced September 21, 2018
