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Restaurant

Salad and Go - 18 Yr NNN

3425 W Greenway Rd, Phoenix, AZ 85053

Listing Price: $3,060,000

Cap Rate
4.50%
Tenant Name
And Go Concepts, LLC
Years Remaining On Lease
18.2
Gross SF
826
Guarantor
Corporate Guarantee
Rentable SF
826
Price/Gross SF
$3,704.60
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$166.71

Investment Overview

After spending years in the fast food industry, the creators of Salad and Go set out on a mission--make drive-through fast food better and healthier. Based on the belief that if they can bring healthy, great tasting food to a drive-thru with fast food speed and prices, Salad and Go can help change the health of America. Demographic and social trends are increasingly supporting healthier, better, fast food concepts at the expense of more traditional concepts. The Phoenix metro consists of Maricopa and Pinal counties, and includes more than 30 incorporated and more than 30 unincorporated towns and cities. Since 2000, the population in the metro increased by more than 38 percent. The largest city is Phoenix, which encompasses about 520 square-miles, is the capital city and boasts a population of more than 1.5 million.

Investment Highlights

  • 18-Years Remaining on Absolute Triple-Net (NNN) Lease - 2020 Construction
  • 2 Percent Annual Rental Increases
  • 2020 Build with a Double Drive-Through
  • 375,003 Residents within a Five Mile Radius - Infill Phoenix
  • Average Household Income Exceeds $83,500 in Immediate Area
  • Outparcel to Newly-Constructed CubeSmart
  • Over 55,800 Cars per Day at the Nearby Intersection of 35th Avenue and Greenway Road
  • Surrounded by National Retailers - Smart & Final, Wendy's, Del Taco, CubeSmart, Popeye's, Black Rock Coffee, and More

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s) AZ: BR675146000

    Arizona

Financing By

Restaurant

Salad and Go - 18 Yr NNN

Listing Price: $3,060,000

Cap Rate
4.50%
Tenant Name
And Go Concepts, LLC
Years Remaining On Lease
18.2
Gross SF
826
Guarantor
Corporate Guarantee
Rentable SF
826
Price/Gross SF
$3,704.60
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$166.71

Investment Highlights

  • 18-Years Remaining on Absolute Triple-Net (NNN) Lease - 2020 Construction
  • 2 Percent Annual Rental Increases
  • 2020 Build with a Double Drive-Through
  • 375,003 Residents within a Five Mile Radius - Infill Phoenix
  • Average Household Income Exceeds $83,500 in Immediate Area
  • Outparcel to Newly-Constructed CubeSmart
  • Over 55,800 Cars per Day at the Nearby Intersection of 35th Avenue and Greenway Road
  • Surrounded by National Retailers - Smart & Final, Wendy's, Del Taco, CubeSmart, Popeye's, Black Rock Coffee, and More

Investment Overview

After spending years in the fast food industry, the creators of Salad and Go set out on a mission--make drive-through fast food better and healthier. Based on the belief that if they can bring healthy, great tasting food to a drive-thru with fast food speed and prices, Salad and Go can help change the health of America. Demographic and social trends are increasingly supporting healthier, better, fast food concepts at the expense of more traditional concepts. The Phoenix metro consists of Maricopa and Pinal counties, and includes more than 30 incorporated and more than 30 unincorporated towns and cities. Since 2000, the population in the metro increased by more than 38 percent. The largest city is Phoenix, which encompasses about 520 square-miles, is the capital city and boasts a population of more than 1.5 million.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s): AZ: BR675146000

    Arizona

Financing By

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