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NNN Property with Live Music License
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323 N Gilbert Rd, Gilbert, AZ 85234

Lease terms include 2% annual rent increases and authorization for live music concerts.

Property SizeContact for details
Days on Market143

Property Features for 323 N Gilbert Rd

General Information

Standard status Active
Property subtype Retail

Building Details

Tenancy Single
Listing Agency: Cushman & Wakefield - Phoenix, Arizona
Listed By: Chris Hollenbeck · License #SA584876000
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 2:13PM

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 Cushman & Wakefield - Phoenix, Arizona

Investment Insights

Based on property information with market context.

Located at 323 N Gilbert Rd in Gilbert, Arizona, this NNN property is occupied by Dierks Bentley’s Whiskey Row, a bar and restaurant operated by Riot Hospitality Group. The lease includes 2% annual rent increases and a license for live music concerts, adding defined operating and contractual features to the asset.

The property is situated in Downtown Gilbert’s Heritage District, an established entertainment area with more than 30 restaurants and shops. It is also near the planned 10-acre Heritage Park mixed-use development. The surrounding district provides a restaurant, bar, and live-entertainment setting for the existing operation.

Key Highlights

  • NNN property occupied by Dierks Bentley’s Whiskey Row
  • 2% annual rent increases built into the lease
  • License for live music concerts included

Property Analytics

Current Use

Widd Workman Physician Diamondback Physical Therapy Medical Clinic Daniel Graham Alternative Medicine Practice Jared Kitamura Physician Scott Milius Physician

Suggested Use

Top Pick Law Firm Big Box & Wholesale Store Grocery & Convenience Store (Bike/Boat/Book/etc) Store Daycare Center Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

728
Businesses Nearby
2k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 100%
PNC Bank Shops & Services
1,567 visits/mo 0.4 miles
Public Storage Shops & Services
742 visits/mo 0.5 miles

Demographics for 85234, AZ

51,051
Population
17,488
Households
2.9
Avg Household Size
36
Median Age
46%
College-Educated
96%
High-School Grad
11.9 sq mi
ZIP Area
4,290
Density / Sq Mi
$118,012
Median Household Income
$54,080
Median Earnings
$1,971
Median Rent
$488,600
Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
NNN property - Lease terms include 2% annual rent increases and authorization for live music concerts.
Where is this nnn property located?
The property is located at 323 N Gilbert Rd Gilbert, AZ.
What are key features of this property?
This property features: NNN property occupied by Dierks Bentley’s Whiskey Row; 2% annual rent increases built into the lease; License for live music concerts included
(602) 224-4475 Call to check price and availability
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