Absolute NNN Restaurant
For Sale
Contact for pricing
Pending
4602 E Cactus Road, Phoenix, AZ 85032
Corporate-guaranteed restaurant investment with long-term extension options and no landlord responsibilities.
Property SizeContact for details
Days on Market43
Property Features for 4602 E Cactus Road
General Information
Standard status
Pending
Property subtype
Retail
Building Details
Tenancy
Single
Listing Agency:
SRS Real Estate Partners Newport Beach
(602) 682-6040
Listed By:
Chris Tramontano · License #CA 01344898
Source:
Crexi
Added: Jul 21
Changed: Aug 31
Last Checked: Aug 31 at 3:40AM
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 SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
This corporate-guaranteed restaurant property is leased on an absolute NNN basis, placing landlord responsibilities with the tenant. The current lease term has approximately 3.5 years remaining, followed by 2 five-year extension options. Scheduled rent adjustments are tied to CPI and capped at 10% every five years.
The property occupies an outparcel near the signalized intersection of N. Tatum Boulevard and E. Cactus Road in Phoenix. The intersection carries 64,600 combined cars per day. It is positioned by Paradise Valley Mall, a 1.2 MM SF regional shopping center with more than 150 stores and anchors including Costco, Macy’s, Sears, and Dillard’s. Walmart, Target, Sprouts Farmers Market, HomeGoods, and TJ Maxx are also located in the immediate trade area, adding to the surrounding retail concentration.
The property occupies an outparcel near the signalized intersection of N. Tatum Boulevard and E. Cactus Road in Phoenix. The intersection carries 64,600 combined cars per day. It is positioned by Paradise Valley Mall, a 1.2 MM SF regional shopping center with more than 150 stores and anchors including Costco, Macy’s, Sears, and Dillard’s. Walmart, Target, Sprouts Farmers Market, HomeGoods, and TJ Maxx are also located in the immediate trade area, adding to the surrounding retail concentration.
Key Highlights
- Absolute NNN lease with no landlord responsibilities
- Approximately 3.5 years remaining in the current lease term
- 2 five‑year extension options
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,681
Businesses Nearby
266k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 35%
Dining 31%
Shops & Services 16%
Groceries 9%
Walmart
Superstores
93,467 visits/mo
0.4 miles
Starbucks
Dining
30,798 visits/mo
0.3 miles
Sprouts Farmers Market
Groceries
24,903 visits/mo
0.2 miles
Michaels
Shops & Services
23,495 visits/mo
0.3 miles
Olive Garden
Dining
21,430 visits/mo
0.4 miles
Demographics for 85032, AZ
68,710
Population
30,386
Households
2.3
Avg Household Size
38
Median Age
34%
College-Educated
89%
High-School Grad
12.4 sq mi
ZIP Area
5,541
Density / Sq Mi
$74,331
Median Household Income
$44,790
Median Earnings
$1,492
Median Rent
$387,900
Median Home Value
Market
Vacancy Rate% for Retail in Phoenix, AZ
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Corporate-guaranteed restaurant investment with long-term extension options and no landlord responsibilities.
Where is this nnn property located?
The property is located at 4602 E Cactus Road Phoenix, AZ.
What are key features of this property?
This property features: Absolute NNN lease with no landlord responsibilities; Approximately 3.5 years remaining in the current lease term; 2 five‑year extension options
