Phoenix, AZ 85048

Dutch Bros Ground Lease

Property Address

3215 East Chandler Boulevard, Phoenix, AZ, USA

Offering Summary

  • Price: $1,202,000
  • Lot Size: 1.01 Acres
  • Cap Rate: 4.50%
  • Year Built: 1994/2017
  • Building SF: 1,960
  • Status: In Escrow
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  • Absolute Triple-Net (NNN) Ground Lease - 13 Years Remaining on Lease Term
  • 2% Annual Rental Increases
  • 120,664 Residents within a 5-Mile Radius - Infill Phoenix
  • Average Household Income Exceeds $125K in Immediate Area
  • Outparcel to Goodwill-Anchored Shopping Center
  • Walking Distance from Desert Vista High School (3,092 Students)
  • 1 Mile Off the Newly Extended Loop 202 Freeway - Opened December 2019, Marking the Largest Single Freeway Project in State History and Projected to Carry 117,000 Cars/Day in its First Year
  • More Than 30,820 Cars/Day at the Intersection of Chandler Boulevard and 32nd Street
  • Strong Daytime Population - 140,164 Employees in Surrounding Area

Broker Information