2070 Dobson Rd Chandler, AZ 85224-2293

Property Details for 2070 Dobson Rd

Year built

2003

Construction

STEEL FRAME

Lot size

0.67 lot acres

Property size

2,654 SF

Zone code

C-C

Property type

Drive through restaurants

APN

302-79-712

APU

30279712

Description

This exceptional investment opportunity presents a fee-simple ownership of a Jack in the Box corporate-guaranteed ground lease in Chandler, Arizona. The property boasts a strong 5.70% cap rate, generating a net operating income (NOI) of $96,630 annually. Located at 2070 N Dobson Rd, this single-tenant, absolute NNN lease offers significant stability with a corporate guarantee from Jack in the Box, a nationally recognized brand. The current lease term extends until April 1, 2028, with a remaining term of approximately 3.4 years. A five-year renewal option has already been exercised, demonstrating the tenant's long-term commitment to this location. The property benefits from high visibility on Dobson Road and W Warner Road, experiencing over 58,000 vehicles per day. The site is strategically positioned within a vibrant retail area, surrounded by a dense residential population exceeding 355,000 residents within a 5-mile radius. Anchored by Esporta Fitness, and complemented by other national and local retailers such as Starbucks and Circle K, this location enjoys excellent accessibility and strong traffic flow. The ground lease structure provides additional upside potential upon lease expiration in April 2028, allowing for future lease negotiations or redevelopment opportunities. The asking price is $1,695,000. This is a rare opportunity to acquire a well-performing, low-risk investment with significant long-term potential.

Location Insight

City

Chandler

County

Maricopa

State

Arizona

Longitude

-111.877

Latitude

33.336

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments