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Scottsdale, AZ 85260

Jimmy John's Ground Lease

Property Address

15237 North 87th Street, Scottsdale, AZ, USA

Offering Summary

  • Price: $2,842,000
  • Lot Size: .64 Acres
  • Cap Rate: 4.75%
  • Year Built: 2024
  • Building SF: 2,180
  • Status: Available
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  • Brand New 20-Year Absolute Triple-Net (NNN) Ground Lease
  • Scottsdale - High Barrier to Entry Market
  • 10 Percent Rental Increases Every Five Years with Four, Five Year Renewals
  • New High-Quality 2024 Construction
  • 50+ Unit Jimmy John's Franchisee
  • Excellent Location in North Scottsdale Retail Corridor, Adjacent to Walmart
  • Affluent Trade Area - Average Household Income Exceeds $166,000 within Three Miles
  • 159,727 Residents in a 5-Mile Radius - Dense Scottsdale Trade Area in the Phoenix MSA

Broker Information

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