Tucson, AZ 85719

Hawaiian Bros Island Grill

Property Address

203 South Wilmot Road, Tucson, AZ, USA

Offering Summary

  • Price: $4,173,000
  • Lot Size: .74 Acres
  • Cap Rate: 6.35%
  • Year Built: 1999/2016/2023
  • Building SF: 4,520
  • Status: In Escrow
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  • Brand New 15-Year Absolute Triple-Net (NNN) Lease with Corporate Guaranty
  • Tenant is a Successful Franchise with Plans to Open 75 Hawaiian Bros Locations Throughout Arizona and North Texas
  • Currently Undergoing Complete Interior/Exterior Renovation, Projected to Open in February 2024
  • 10% Rental Increases Every Five Years with Multiple Renewal Options
  • Hawaiian Bros is a Rapidly Growing Restaurant Chain with 50+ Locations in 8 States and 2022 Revenue of $100 Million (2023 Revenue Projected at $200 Million)
  • Hawaiian Bros Average Unit Volume Estimated at $3.5 Million
  • Located Across from Park Place Mall - 7 Million Visits Reported Over the Past 12 Months per Placer.ai
  • Excellent Frontage Along South Wilmot Road with Approximately 77,000 Cars per Day at the Corner of Wilmot Road and Broadway Boulevard
  • 254,600 Residents within a Five-Mile Radius - Dense Tucson Infill
  • Central Location within a 20-Minute Drive of Tucson International Airport, Downtown Tucson, and The University of Arizona

Broker Information