Chandler, AZ 85225

Raising Cane's Ground Lease

Property Address

1731 North Arizona Avenue, Chandler, AZ, USA

Offering Summary

  • Price: $4,250,000
  • Lot Size: 1.22 Acres
  • Cap Rate: 4.00%
  • Year Built: 2022
  • Building SF: 3,181
  • Status: In Escrow
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  • Brand New 15-Year Absolute Triple-Net (NNN) Corporate Ground Lease
  • Oversized Parcel of Land
  • 10 Percent Rental Increases Every Five Years
  • Growing Trade Area - Households Projected to Increase 4%+ in Immediate Area by 2026
  • 381,198 Residents within a Five-Mile Radius - Phoenix MSA
  • Situated at a Dense Retail Intersection - Dunkin' Donuts, Arby's, Jack-in-the-Box, QuikTrip, Domino's Pizza, and More
  • New 2022 Construction with a Patio, Two Drive-Thru Lanes, and 55 Parking Spaces
  • Excellent Visibility Along North Arizona Avenue (31,040+ Cars/Day) with Over 56,475 Cars/Day at the Intersection of North Arizona Avenue and East Warner Road
  • Average Household Income Exceeds $99,000 within Five Miles of the Site
  • Down the Road from Highland Yard Vintage Market - 50+ Vendors in 6,000+ SF
  • Five Minute Drive from Mesquite High School (1,400+ Students)

Broker Information