Absolute NNN Restaurant
For Sale
$3,999,000
9778 W McDowell Rd, Phoenix, AZ 85037
Freestanding drive-through restaurant leased to Shake Shack under a long-term absolute NNN structure.
Property Size3,600 SF
Price / SF$1,110
Days on Market152
Property Features for 9778 W McDowell Rd
General Information
Standard status
Active
Size
3,600 SF
Property subtype
Retail
Site & Location
Drive-Thru
Yes
Traffic Count
371,000 vehicles/day
Highway Access
Yes
Additional Details
Cap Rate
4.88%
Building Details
Buildings
1
Listing Agency:
Phoenix Commercial Advisors
(602) 385-1328
Listed By:
Danny Gardiner · License #SA536326000
Source:
Phoenixcommercialadvisors
Added: Apr 1
Changed: Aug 29
Last Checked: Aug 29 at 5:27PM
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 Phoenix Commercial Advisors
Investment Insights
Based on property information with market context.
This 3,600 SF freestanding restaurant is occupied by Shake Shack Inc. under a new 15-year absolute NNN lease. The building incorporates a drive-through format, while the lease provides 10% rent increases every 5 years during the primary term and option periods. Landlord responsibilities are stated as zero under the lease structure.
The property is located at 9778 W McDowell Rd in Phoenix, at the northeast corner of 99th and McDowell. It serves a regional retail area connected to I-10 and Loop 101, with reported traffic exceeding 371,000 vehicles per day. Nearby co-tenancy includes Costco, Best Buy, Ross, Harkins Theatres, Hobby Lobby, Main Event, and Sprouts Farmers Market.
The surrounding trade area includes more than 107,000 workers within 5 miles, proposed multifamily development of approximately 300 units, and nearby multifamily projects totaling approximately 1,479 units.
The property is located at 9778 W McDowell Rd in Phoenix, at the northeast corner of 99th and McDowell. It serves a regional retail area connected to I-10 and Loop 101, with reported traffic exceeding 371,000 vehicles per day. Nearby co-tenancy includes Costco, Best Buy, Ross, Harkins Theatres, Hobby Lobby, Main Event, and Sprouts Farmers Market.
The surrounding trade area includes more than 107,000 workers within 5 miles, proposed multifamily development of approximately 300 units, and nearby multifamily projects totaling approximately 1,479 units.
Key Highlights
- Shake Shack Inc. occupies the property under a new 15‑year absolute NNN lease
- 3,600 SF freestanding building with drive‑through configuration
- 4.88% cap rate
Property Analytics
Current Use
Lease Details
371,000 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
541
Businesses Nearby
22k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 63%
Home Improvements & Furnishings 37%
Cobblestone Auto Spa
Shops & Services
12,697 visits/mo
0.5 miles
Floor & Decor
Home Improvements & Furnishings
7,277 visits/mo
0.4 miles
UMB Bank
Shops & Services
1,215 visits/mo
0.0 miles
United Rentals
Home Improvements & Furnishings
791 visits/mo
0.5 miles
Demographics for 85037, AZ
50,929
Population
16,020
Households
3.2
Avg Household Size
29
Median Age
14%
College-Educated
79%
High-School Grad
8.2 sq mi
ZIP Area
6,211
Density / Sq Mi
$81,919
Median Household Income
$40,866
Median Earnings
$1,649
Median Rent
$290,600
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 - Freestanding drive-through restaurant leased to Shake Shack under a long-term absolute NNN structure.
Where is this nnn property located?
The property is located at 9778 W McDowell Rd Phoenix, AZ.
What is the asking price?
The asking price for this property is $3,999,000.
What are key features of this property?
This property features: Shake Shack Inc. occupies the property under a new 15‑year absolute NNN lease; 3,600 SF freestanding building with drive‑through configuration; 4.88% cap rate
