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Restaurant

Original ChopShop Drive-Thru - 27 Unit Corporate Operator

2817 N 7th St, Phoenix, AZ 85006

Listing Price: $3,810,000

Cap Rate
5.25%
Tenant Name
Original ChopShop
Years Remaining On Lease
9.9
Gross SF
2,847
Guarantor
Corporate Guarantee
Rentable SF
2,847
Price/Gross SF
$1,338.25
Lease Type
Absolute Net
Rent Per Square Feet
$70.25

Investment Overview

Original ChopShop is a Scottsdale-based brand with 27 locations throughout the Phoenix, Tucson, Dallas, Houston, and Atlanta markets. Original ChopShop serves protein bowls, juices, salads, and sandwiches made from scratch.

The Phoenix metro consists of Maricopa and Pinal counties, and includes more than 30 incorporated and more than 30 unincorporated towns and cities. As of 2020, Metro Phoenix had 4.8 million residents, making it the nation’s 11th-largest metropolitan area.

Investment Highlights

  • Brand New 10-Year Absolute Triple-Net (NNN) Corporate Lease
  • Annual Rental Increases with Multiple Renewal Options
  • Dense Trade Area in the Heart of Phoenix's Midtown District - 404,080 Residents within a Five-Mile Radius
  • Hard Corner Location at a Busy Intersection - Accessible by Over 99,000 Cars per Day Along Thomas Road and North 7th Street
  • Subject Site is the 11th ChopShop Location in Arizona and is the First Location to Feature an Order-Ahead Pick-Up Window - 27 Total Locations 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

Restaurant

Original ChopShop Drive-Thru - 27 Unit Corporate Operator

Listing Price: $3,810,000

Cap Rate
5.25%
Tenant Name
Original ChopShop
Years Remaining On Lease
9.9
Gross SF
2,847
Guarantor
Corporate Guarantee
Rentable SF
2,847
Price/Gross SF
$1,338.25
Lease Type
Absolute Net
Rent Per Square Feet
$70.25

Investment Highlights

  • Brand New 10-Year Absolute Triple-Net (NNN) Corporate Lease
  • Annual Rental Increases with Multiple Renewal Options
  • Dense Trade Area in the Heart of Phoenix's Midtown District - 404,080 Residents within a Five-Mile Radius
  • Hard Corner Location at a Busy Intersection - Accessible by Over 99,000 Cars per Day Along Thomas Road and North 7th Street
  • Subject Site is the 11th ChopShop Location in Arizona and is the First Location to Feature an Order-Ahead Pick-Up Window - 27 Total Locations in the U.S.

Investment Overview

Original ChopShop is a Scottsdale-based brand with 27 locations throughout the Phoenix, Tucson, Dallas, Houston, and Atlanta markets. Original ChopShop serves protein bowls, juices, salads, and sandwiches made from scratch. The Phoenix metro consists of Maricopa and Pinal counties, and includes more than 30 incorporated and more than 30 unincorporated towns and cities. As of 2020, Metro Phoenix had 4.8 million residents, making it the nation’s 11th-largest metropolitan area.

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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