Restaurant
Ojos Locos
9040 N Black Canyon Hwy, Phoenix, AZ 85051
Listing Price: $5,508,000
Investment Overview
Marcus & Millichap is pleased to present the exclusive net lease offering for an Ojos Locos Sports Cantina located at 9040 North Black Canyon Highway in Phoenix, Arizona. The subject property consists of approximately 7,385 rentable square feet and is situated on roughly 0.44 acres of land. The property features a 20-year absolute triple-net (NNN) lease that commenced on July 2nd, 2021. The current annual rent is $270,000 and the lease features rare two percent (2.00%) annual rental increases that will continue through four (4), five (5)-year options.
Ojos Locos
Investment Highlights
- 20-Year Absolute Triple-Net (NNN) Lease: The lease commenced on July 2nd, 2021, and has 19+ years remaining. The lease has no landlord responsibilities
- Corporate Guaranty: The lease features a corporate guaranty from Crazy Eyes Holdings, LLC, the parent company of Ojos Locos
- Attractive Rental Increases: The lease features rare 2.00% annual rental increases
Exclusively Listed By
Broker of Record
-
Ryan Sarbinoff
First Vice President/Regional Manager
Listing Price: $5,508,000
Investment Highlights
- 20-Year Absolute Triple-Net (NNN) Lease: The lease commenced on July 2nd, 2021, and has 19+ years remaining. The lease has no landlord responsibilities
- Corporate Guaranty: The lease features a corporate guaranty from Crazy Eyes Holdings, LLC, the parent company of Ojos Locos
- Attractive Rental Increases: The lease features rare 2.00% annual rental increases
Investment Overview
Marcus & Millichap is pleased to present the exclusive net lease offering for an Ojos Locos Sports Cantina located at 9040 North Black Canyon Highway in Phoenix, Arizona. The subject property consists of approximately 7,385 rentable square feet and is situated on roughly 0.44 acres of land. The property features a 20-year absolute triple-net (NNN) lease that commenced on July 2nd, 2021. The current annual rent is $270,000 and the lease features rare two percent (2.00%) annual rental increases that will continue through four (4), five (5)-year options.
Exclusively Listed By
Broker of Record
-
Ryan Sarbinoff
First Vice President/Regional Manager
