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2070 Dobson Rd Chandler, AZ 85224-2293

Drive through restaurants Google Maps
2,654 SF 0.67 ac lot Built 2003
Entity Owned ~ Est. High Equity
Estimated value (blended)
$1.52M
Range $1.36M – $1.67M (±10%)
Property ID US07-0471514

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 2003
Construction STEEL FRAME
Total area 2,654 SF
Lot 0.67 ac (29,019 SF)
Zoning code C-C
APN 302-79-712
UPID US07-0471514

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.81M
Blend (final) Blend
$1.52M

Owner & transaction history

since 2026
Last sale
$1.7M
7 recorded transactions
2026
$1.7M
2018
$1.5M
2016
$6.1M
2008
$6.0M
2005
$5.5M
2002
$1.1M
1969
Price N/A

Zoning & alternative use

C-C · Chandler, AZ
Top alternative use upside
Commercial (general) $2.1M +54.6%
Neighborhood: shopping center $1.7M +22.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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