Skip to main content

Restaurant

Church's Chicken

7538 East McDowell Road, Scottsdale, AZ 85257

Listing Price: $835,000

Cap Rate
7.26%
Tenant Name
MarLu Arizona, LLC
Years Remaining On Lease
5.4
Gross SF
1,156
Guarantor
Private Guarantee
Rentable SF
1,156
Price/Gross SF
$722.32
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$52.47

Investment Overview

The subject property is a Church's Chicken operated by MarLu Arizona, LLC (a 12 unit operating company). This subject property is located on the Northwest corner of Miller Road and McDowell Road, a signalized intersection situated 1/2 mile East of Scottsdale Road. McDowell Road is a major arterial running east-west across the Phoenix MSA from Scottsdale to Buckeye across the whole city. Scottsdale is an af?uent city in the eastern part of Maricopa County, Arizona, adjacent to Phoenix. As of 2020 the population of the city was reported at 271,161 with Average Household Income reported at 82,350 within a 3-mile radius.. Traf?c count at this intersection is reported at 43,501.

Investment Highlights

  • Over 5 years remaining on Absolute NNN lease
  • 8.0% ?xed rent increases every 5 years
  • Seasoned location for Church's Chicken who has operated at this site for 45 years.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    Vice President / Regional Manager

    (602) 687-6700

    License(s) AZ: BR675146000

    Arizona

Listing Price: $835,000

Cap Rate
7.26%
Tenant Name
MarLu Arizona, LLC
Years Remaining On Lease
5.4
Gross SF
1,156
Guarantor
Private Guarantee
Rentable SF
1,156
Price/Gross SF
$722.32
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$52.47

Investment Highlights

  • Over 5 years remaining on Absolute NNN lease
  • 8.0% ?xed rent increases every 5 years
  • Seasoned location for Church's Chicken who has operated at this site for 45 years.

Investment Overview

The subject property is a Church's Chicken operated by MarLu Arizona, LLC (a 12 unit operating company). This subject property is located on the Northwest corner of Miller Road and McDowell Road, a signalized intersection situated 1/2 mile East of Scottsdale Road. McDowell Road is a major arterial running east-west across the Phoenix MSA from Scottsdale to Buckeye across the whole city. Scottsdale is an af?uent city in the eastern part of Maricopa County, Arizona, adjacent to Phoenix. As of 2020 the population of the city was reported at 271,161 with Average Household Income reported at 82,350 within a 3-mile radius.. Traf?c count at this intersection is reported at 43,501.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    Vice President / Regional Manager

    (602) 687-6700

    License(s): AZ: BR675146000

    Arizona

MM Texture Background
MM Textured Background Lower