This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
The Habit - NNN Lease - +7 Years Rem 5110 W Indian School Rd
3,071 SF 4-Star Retail Building Phoenix, AZ 85031 $2,900,000 ($944/SF) 6% Cap Rate
Investment Highlights
- NNN Lease | Zero Landlord Responsibility
- Over 80,000 Cars Per Day at the Indian School Rd and 51st Ave Intersection
- Total 2023 Revenue in Excess of $7.1 Billion
- Situated on Indian School Road, a Major Thoroughfare in Phoenix, Ensuring High Visibility and Easy Access
- Excellent Corporate Guaranty
- Attractive Rental Increases | 10% Every 5 Years, Including Option Periods
Executive Summary
The Habit Burger Grill, a reputable tenant, has committed to a secure, NNN lease, ensuring zero landlord responsibilities. This arrangement provides a stable income stream with an attractive 6.00% cap rate and periodic 10% rental increases every five years, aligning with the property's potential for growth in value.
Situated on Indian School Road, a Major Thoroughfare in Phoenix, Ensuring High Visibility and Easy Access | Over 80,000 Cars Per Day at the Indian School Rd and 51st Ave Intersection
Adjacent to a Top 10% Performing Walmart Supercenter in the U.S. with Nearby Retailers Including: Ace Hardware, Dollar Tree, Walgreens, Raising Cane’s, and Many More National Tenants
Directly Across the Street from American Family Fields of Phoenix Baseball Park, Milwaukee Brewers Spring Training Field with 7,000+ Seats
Excellent Corporate Guaranty
Absolute NNN Lease | Zero Landlord Responsibility
Attractive Rental Increases | 10% Every 5 Years, Including Option Periods
Property Facts
Amenities
- Bus Line
- Restaurant
- Signage
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- 3,071 SF
- -
- Triple Net
- Oct 2031
Born under the golden Santa Barbara sun in 1969, Habit Burger & Grill has been chargrilling California’s freshest flavors for over half a century. Their chef-driven, award-winning menu celebrates variety with freshly chargrilled burgers, chicken, and tuna all cooked-to-order over an open flame for that distinctive taste you crave. From their crisp salads to our handspun shakes, every detail matters. They’re not just cooking; we’re spreading the laid-back, feel-good vibe of their roots. So come as you are, bring your appetite, and experience the fresh taste of the Golden State – no matter where you call home.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 3,071 SF | - | Triple Net | Oct 2031 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 144-44-321D | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $147,555 |
PROPERTY TAXES
Presented by
The Habit - NNN Lease - +7 Years Rem | 5110 W Indian School Rd
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.