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Auto Service - Gas-Conv

Fry's Fuel Station

SWC 67th Avenue & Montebello Avenue, Glendale, AZ 85303

Listing Price: $3,400,000

Cap Rate
4.25%
Tenant Name
Fry's
Years Remaining On Lease
15.0
Guarantor
Franchisee Guarantee
Rentable SF
60,112
Lease Type
Ground Lease
Rent Per Square Feet
$2.41

Investment Overview

Fry's Food Stores have been dominating the grocery market in the Phoenix metro area. In 2023, Fry's achieved nearly $5.6 billion in sales, capturing a 28.32% market share. This makes Fry's the top grocery retailer in the region, significantly ahead of its closest competitor, Walmart, which holds a 17.83% market share. Fry's continues to expand its presence, with 93 locations in Maricopa and Pinal counties.

The chain's strong performance is attributed to its wide range of products and competitive pricing, which resonate well with local consumers. Overall, Fry's fuel centers provide a combination of savings, convenience, and flexibility, making them a valuable resource for consumers.

Investment Highlights

  • Absolute Net Ground Lease
  • Lease Term - 15-Year with Eight 5-Year Options
  • Fry's Off-Site Fuel Center with Kiosk

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s) AZ: BR675146000

    Arizona

Auto Service - Gas-Conv

Fry's Fuel Station

Listing Price: $3,400,000

Cap Rate
4.25%
Tenant Name
Fry's
Years Remaining On Lease
15.0
Guarantor
Franchisee Guarantee
Rentable SF
60,112
Lease Type
Ground Lease
Rent Per Square Feet
$2.41

Investment Highlights

  • Absolute Net Ground Lease
  • Lease Term - 15-Year with Eight 5-Year Options
  • Fry's Off-Site Fuel Center with Kiosk

Investment Overview

Fry's Food Stores have been dominating the grocery market in the Phoenix metro area. In 2023, Fry's achieved nearly $5.6 billion in sales, capturing a 28.32% market share. This makes Fry's the top grocery retailer in the region, significantly ahead of its closest competitor, Walmart, which holds a 17.83% market share. Fry's continues to expand its presence, with 93 locations in Maricopa and Pinal counties. The chain's strong performance is attributed to its wide range of products and competitive pricing, which resonate well with local consumers. Overall, Fry's fuel centers provide a combination of savings, convenience, and flexibility, making them a valuable resource for consumers.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s): AZ: BR675146000

    Arizona

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