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1975 E Williams Field Rd
Gilbert, AZ 85295

$6,375,000 USD

Restaurant For Sale  •  8,500 SF

Property Details

  • Property Type Restaurant
  • Total Building Size 9,987 SF
  • Lot Size 1.62 AC
  • Building Class B
  • Year Built 2019
  • Cap Rate 6.60 %
  • Tenancy Single
  • Zoning C
29 Transit Score
66 Walk Score

Highlights

LONG -TERM LEASE - 10 years remaining on NN lease with attractive 10% rental escalations every 5 years with two 5-year options to renew
OPERATOR/SUBSTANTIAL REMODEL - Operator has strategically placed 6 distinct brands with 13 locations in Arizona & Texas
Tenant just completed and paid for a full remodel (over $1 million) to rebrand of the restaurant - reaffirming their commitment to this location!
TROPY LOCATION/HIGH BARRIERS TO ENTRY - Well positioned on the hard corner/signalized intersection
HIGH TRAFFIC COUNTS/VISIBILITY - Pad site to At Home/Trader Joe’s Anchored Shopping Center - situated on a large ±1.615-acre parcel
2023 DEMOGRAPHICS: Total Population (5-MI): 295,883 | Average Household Income (1-MI): $168,121
Cap Rate: 6.60 %

Major Tenants

Tenant SF Occupied Lease End Date
The Backyard 9,987 SF

Amenities

  • 24 Hour Access
  • Corner Lot
  • Restaurant
  • Signalized Intersection
  • Air Conditioning

Public Transportation

AirportDriveWalkDistance
Phoenix-Mesa Gateway 11 min - 5.2 mi
Phoenix Sky Harbor International 35 min - 26.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Kendall Carlsen 214-643-6097 Commercial Investment Advisors, INC
Kendall Carlsen 214-643-6097 Commercial Investment Advisors, INC