Salad and Go 251 S Power Rd 700 SF Retail Building Mesa, AZ 85206 $1,921,883 ($2,745.55/SF) 5.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Original Term: 20 years, Remaining Term: 12+ years
- Ownership Type: Fee Simple Ground Lease
- Lease Type: Absolute Net Lease
- Tenant: And Go Concepts, LLC dba Salad & Go
- Renewal Options: Three (3) Five (5) year Increases
EXECUTIVE SUMMARY
LONG TERM LEASE:
Offering comes with over 12 years left on its primary term.
PASSIVE INVESTMENT:
Lease is structured with ZERO Landlord responsibilities making this the ideal passive investment.
PERSONAL GUARANTEE:
Lease is personally guaranteed by the founder, and spouse, of And Go Concepts.
MARKET DYNAMICS:
Mesa, part of the Phoenix metropolitan area, continues to experience economic growth and population increases, supporting a
robust retail environment. The city’s favorable business climate and expanding infrastructure contribute to the attractiveness of retail
investments in this region.
REAL ESTATE:
Situated near the intersection of Power Rd and Broadway Rd, this property benefits from high visibility and accessibility in a bustling
area of Mesa. The drive-thru model caters to the increasing demand for quick-service dining experiences.
MARKET PRESENCE:
Based out of Phoenix, Arizona, Salad & Go is a household name with more than 75% of their total location spread throughout the
valley.
Offering comes with over 12 years left on its primary term.
PASSIVE INVESTMENT:
Lease is structured with ZERO Landlord responsibilities making this the ideal passive investment.
PERSONAL GUARANTEE:
Lease is personally guaranteed by the founder, and spouse, of And Go Concepts.
MARKET DYNAMICS:
Mesa, part of the Phoenix metropolitan area, continues to experience economic growth and population increases, supporting a
robust retail environment. The city’s favorable business climate and expanding infrastructure contribute to the attractiveness of retail
investments in this region.
REAL ESTATE:
Situated near the intersection of Power Rd and Broadway Rd, this property benefits from high visibility and accessibility in a bustling
area of Mesa. The drive-thru model caters to the increasing demand for quick-service dining experiences.
MARKET PRESENCE:
Based out of Phoenix, Arizona, Salad & Go is a household name with more than 75% of their total location spread throughout the
valley.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
700 SF
Building Class
B
Year Built
1999
Price
$1,921,883
Price Per SF
$2,745.55
Cap Rate
5.50%
NOI
$105,704
Tenancy
Single
Building Height
1 Story
AMENITIES
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 218-21-004H | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $59,056 |
