1975 Williams Field Rd Gilbert, AZ 85295

This exceptional investment opportunity presents a 9,987 square foot, single-tenant retail property located at 1975 E Williams Field Rd, Gilbert, AZ 85295. The property boasts a fee-simple ownership structure encompassing the building and a 1.615-acre lot, zoned C. Currently occupied by "The Backyard," a restaurant with a proven track record, the property features a long-term absolute NNN lease with 10 years remaining until March 31, 2034. The lease includes attractive 10% rent escalations every five years and two five-year renewal options, ensuring consistent income growth. The tenant recently completed a substantial $1 million+ remodel, demonstrating a strong commitment to the location. This prime pad site benefits from exceptional visibility and high traffic counts exceeding 58,500 cars per day, situated on a signalized intersection directly across from the 1,196,000 square foot Santan Village lifestyle center. The property's strategic location within a thriving retail corridor, coupled with the affluent demographics (average household income within 1 mile: $168,121; 5-mile population: 295,883), creates a compelling investment case. The property's strong NOI of $420,750 yields a 6.60% cap rate, making it an attractive addition to any portfolio. Built in 2022, this one-story building offers a stable and lucrative investment opportunity with significant upside potential. The tenant operates six distinct brands with 13 locations in Arizona and Texas, with plans for four additional restaurants opening soon.