Property Address
3495 East Baseline Road, Gilbert, AZ, USA
Offering Summary
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Price: $2,700,000
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Lot Size: 1.07 Acres
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Cap Rate: 5%
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Year Built: 1999
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Building SF: 5,049
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Status: Available
Submit Offer
- New 16-Year Absolute Triple-Net (NNN) Lease with a Top IHOP Franchisee - 100+ Location Operator/Guarantor
- Extremely Strong Rent to Sales Ratio
- 7.5 Percent Rental Increases Every Five Years with Multiple Renewal Options
- Located off the Intersection of E Baseline Road and S Val Vista Dr with 74,350+ Cars per Day Passing Through
- Easily Accessible Location with Close Proximity to HWY 60 (207,938 Cars per Day)
- Across the Street from Village Square at Dana Park
- Central Location within a 10-Minute Drive of Downtown Gilbert and within a 14-Minute Drive of Downtown Mesa
Broker Information
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Mark Ruble
Agent
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Chris Lind
Agent