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Restaurant

Andy's Frozen Custard

686 S Gilbert Rd, Gilbert, AZ 85296

Listing Price: $4,255,520

Cap Rate
4.75%
Tenant Name
Andy's Frozen Custard
Years Remaining On Lease
19.7
Gross SF
1,500
Guarantor
Franchisee Guarantee
Rentable SF
1,500
Price/Gross SF
$2,837.01
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$134.76

Investment Overview

Founded in 1986 in Osage Beach, Missouri, Andy's Frozen Custard is a quick-service frozen dessert brand. The company operates out of freestanding restaurants with drive-thru and walk-up service windows. Established in 2017, Southwest Frozen Custard (SWFC) is a franchisee that focuses on operating Andy's Frozen Custard in the Greater Phoenix, AZ Area. Including the subject property, SWFC operates a total of four Andy's in Arizona, with plans to open six to seven more locations in the coming years. As part of the Phoenix MSA, Gilbert, Arizona has evolved into one of the fastest growing communities and the largest town in the United States. Encompassing 72.6 square miles, just southeast of Phoenix, Gilbert has transformed from an agricultural community to a thriving and economically-diverse suburban community. Once known as the “Hay Shipping Capital of the World,” more recently Gilbert has received accolades such as “Phoenix’s Coolest Suburb,” a “top 5 foodie neighborhood in metro Phoenix”. Gilbert is also consistently recognized as one of the safest and best cities to live in the U.S.

Investment Highlights

  • Brand New 20-Year Absolute Triple-Net (NNN) Lease
  • 1.5 Percent Rental Increases Occurring Annually
  • 4 Unit Franchisee with 6 - 7 More Locations Planned in the AZ East Valley
  • 368,370 Residents within a 5-Mile Radius - Growing Trade Area in the Phoenix MSA
  • New High-Quality 2022 Construction with a Drive-Thru
  • Excellent Visibility and Easy Access Along South Gilbert Road with 55,000+ Cars/Day at the Intersection of South Gilbert Road and West Warner Road
  • Situated in Retail Center Anchored by Lowe's - Other Tenants Include Life Storage, QuikTrip, and Panda Express
  • Central Location Just South of Downtown Gilbert and North of Gilbert Town Square

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s) AZ: BR675146000

    Arizona

Financing By

Restaurant

Andy's Frozen Custard

Listing Price: $4,255,520

Cap Rate
4.75%
Tenant Name
Andy's Frozen Custard
Years Remaining On Lease
19.7
Gross SF
1,500
Guarantor
Franchisee Guarantee
Rentable SF
1,500
Price/Gross SF
$2,837.01
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$134.76

Investment Highlights

  • Brand New 20-Year Absolute Triple-Net (NNN) Lease
  • 1.5 Percent Rental Increases Occurring Annually
  • 4 Unit Franchisee with 6 - 7 More Locations Planned in the AZ East Valley
  • 368,370 Residents within a 5-Mile Radius - Growing Trade Area in the Phoenix MSA
  • New High-Quality 2022 Construction with a Drive-Thru
  • Excellent Visibility and Easy Access Along South Gilbert Road with 55,000+ Cars/Day at the Intersection of South Gilbert Road and West Warner Road
  • Situated in Retail Center Anchored by Lowe's - Other Tenants Include Life Storage, QuikTrip, and Panda Express
  • Central Location Just South of Downtown Gilbert and North of Gilbert Town Square

Investment Overview

Founded in 1986 in Osage Beach, Missouri, Andy's Frozen Custard is a quick-service frozen dessert brand. The company operates out of freestanding restaurants with drive-thru and walk-up service windows. Established in 2017, Southwest Frozen Custard (SWFC) is a franchisee that focuses on operating Andy's Frozen Custard in the Greater Phoenix, AZ Area. Including the subject property, SWFC operates a total of four Andy's in Arizona, with plans to open six to seven more locations in the coming years. As part of the Phoenix MSA, Gilbert, Arizona has evolved into one of the fastest growing communities and the largest town in the United States. Encompassing 72.6 square miles, just southeast of Phoenix, Gilbert has transformed from an agricultural community to a thriving and economically-diverse suburban community. Once known as the “Hay Shipping Capital of the World,” more recently Gilbert has received accolades such as “Phoenix’s Coolest Suburb,” a “top 5 foodie neighborhood in metro Phoenix”. Gilbert is also consistently recognized as one of the safest and best cities to live in the U.S.

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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