15600 Mcdowell Rd Goodyear, AZ 85395

Property Details for 15600 Mcdowell Rd

Lot size

1.32 lot acres

Zone code

PAD

Property type

Commercial land

APN

508-14-961B

APU

50814961B

Description

This exceptional investment opportunity presents a brand-new, 2,325 square foot Roll 'Em Up Taquitos restaurant in Goodyear, Arizona. Located at 15600 W McDowell Rd, 85395, this single-tenant, fee-simple property boasts a 15-year absolute NNN lease commencing March 31, 2024, and expiring March 31, 2039. The lease includes four, five-year renewal options with a 10% rent increase every five years. The property sits on a 1.32-acre lot and benefits from high visibility on McDowell Road, near the I-10 Highway, experiencing nearly 215,000 vehicles daily. The strong retail synergy is evident with over 1 million square feet of retail space at the intersection, including major anchors like Hobby Lobby, TJ Maxx, and Harkins Theatres. Goodyear's thriving community, with over 163,578 residents within a 5-mile radius and an average household income exceeding $100,000, provides a stable demographic base. The property's strategic location on a signalized corner, near Goodyear's new Civic Square development, further enhances its appeal. The asking price is $2,816,000, representing a 5.35% cap rate and a NOI of $150,656. This is a passive investment opportunity with a rapidly expanding, high-growth franchisee. The property features a drive-thru and was built in 2024. The parcel number is 508-14-9618.