7609 W Thomas Rd Phoenix, AZ 85033

Listing agency Western Retail Advisors d***@w-retail.com Show Phone

Listed by Darrell Deshaw · License #AZ SA562018000

Source Crexi

Added: Apr 10 Updated: Jul 22 at 12:09AM Checked: Jul 22 at 12:09AM

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Investment Insights

Based on property information with market context.

This is an absolute NNN leased Golden Corral restaurant outparcel featuring an active, operational site. The tenant, GC Phoenix LLC, has approximately 6 years remaining on the lease, including annual rental increases of 3.5%. The offering is presented as a fee simple land and building investment with no landlord responsibilities.

The property is located on West Thomas Road frontage in the western part of Phoenix, just west of the signalized intersection of West Thomas Road and 75th Avenue. The site is positioned directly across the street from Big 5 and Carl’s Jr and next to Bank of America. The remarks also note strong traffic counts for the intersection area and proximity to the I-10 freeway exit.

Golden Corral is described as an American family-style restaurant serving breakfast, lunch and dinner, with an all-you-can-eat buffet and grill. The rent-to-sales ratio is cited in the remarks as low at 7.5%.

Key Highlights

• Absolute NNN leased Golden Corral restaurant on a west Phoenix outparcel near Desert Sky Mall
• Tenant has ~6 years remaining on the lease with 3.5% annual rental increases
• West Thomas Road frontage at the signalized corner of W Thomas Rd and 75th Ave with ~166,800 combined vehicles per day

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FAQs

What type of property is this?

Conventional restaurant - Absolute NNN leased Golden Corral restaurant on a west Phoenix outparcel with West Thomas Road frontage near major intersections.

Where is this conventional restaurant located?

The property is located at 7609 W Thomas Rd Phoenix, AZ.

What are key features of this property?

This property features: Absolute NNN leased Golden Corral restaurant on a west Phoenix outparcel near Desert Sky Mall; Tenant has ~6 years remaining on the lease with 3.5% annual rental increases; West Thomas Road frontage at the signalized corner of W Thomas Rd and 75th Ave with ~166,800 combined vehicles per day