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Whataburger: Gilbert, AZ 2590 Market St

3,800 SF Retail Building Gilbert, AZ 85295 $2,535,000 ($667.11/SF) 4.75% Cap Rate

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INVESTMENT HIGHLIGHTS

NNN Ground Lease with Increases
8.3 MSF of retail, 3.3 MSF of office, 1.8 MSF of industrial, and 8,812 multifamily units within a 3-mile radius

Directly across from SanTan Village Marketplace – a 675,000-square-foot power center anchored by Walmart Supercenter and Sam’s Club
Population of 125,222, over 41,400 households, and an average household income of $157,640 within a 3-mile radius

EXECUTIVE SUMMARY

CBRE is pleased to exclusively offer for sale a ±12.4-year Whataburger NNN ground lease situated on 1.55 acres in Gilbert, AZ—a component of the Phoenix-Mesa-Chandler, AZ MSA (Population 5.1M). Whataburger’s 3,800-square-foot building was constructed in 2022, and its ground lease features a 10% rent increase in 2027, 2032, and each of the three 5-year renewal options.