2590 Market St Gilbert, AZ 85295

This exceptional investment opportunity presents a single-tenant, 3,800 square foot Whataburger restaurant situated on a 1.55-acre lot in Gilbert, Arizona. The property boasts a corporate-guaranteed net lease with a substantial 12.5 years remaining on the initial 15-year term, featuring 10% rent increases every five years. The strong financial performance is underscored by a 4.60% cap rate and a current NOI of $124,935. Built in 2022, this freestanding building enjoys a prime location across from San Tan Village Marketplace, a major shopping center anchored by Sam's Club and Walmart. Its proximity to other significant retail centers, including San Tan Village and San Tan Pavilions, further enhances its desirability. The property also benefits from its strategic location near Dignity Health Mercy Gilbert Medical Center and within a 10-minute drive of two airports. The surrounding area exhibits robust demographics, with a population exceeding 297,743 and an average household income of $146,872 within a five-mile radius. The lease includes three and five-year renewal options, providing long-term stability and growth potential. This is a rare opportunity to acquire a high-performing, net-leased property anchored by a nationally recognized brand in a thriving market. The ground lease expires May 31, 2037. APN: 313-21-979. Asking price: $2,715,000.