Gilbert, AZ 85296

Andy's Frozen Custard

Property Address

686 South Gilbert Road, Gilbert, AZ, USA

Offering Summary

  • Price: $4,042,740
  • Lot Size: 1.4 Acres
  • Cap Rate: 5.00%
  • Year Built: 2022
  • Building SF: 1,500
  • Status: In Escrow
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  • Brand New 20-Year Absolute Triple-Net (NNN) Lease
  • 1.5 Percent Rental Increases Occurring Annually
  • 4 Unit Franchisee with 6 - 7 More Locations Planned in the AZ East Valley
  • 368,370 Residents within a 5-Mile Radius - Growing Trade Area in the Phoenix MSA
  • New High-Quality 2022 Construction with a Drive-Thru
  • Excellent Visibility and Easy Access Along South Gilbert Road with 55,000+ Cars/Day at the Intersection of South Gilbert Road and West Warner Road
  • Situated in Retail Center Anchored by Lowe's - Other Tenants Include Life Storage, QuikTrip, and Panda Express
  • Central Location Just South of Downtown Gilbert and North of Gilbert Town Square
  • Average Household Income Exceeds $117,000 in the Immediate Area
  • Surrounded by National Retailers within a One-Mile Radius - Life Time Fitness, Planet Fitness, Fry's Food and Drug, Albertsons, Ace Hardware, Regal Cinemas, and More

Broker Information