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1559 S Gilbert Rd
Mesa, AZ 85204 Superstition Springs

$1,947,500 USD

Restaurant For Sale • 6,506 SF

Property Details

Property Type Restaurant
Total Building Size 6,506 SF
Lot Size 0.73 AC
Building Class B
Year Built 1988
Cap Rate 6.00 %
Tenancy Single
Zoning LC

35 Transit Score

47 Walk Score

                
                    Highlights
                
                                NNN Lease - Roof + Structure LL Responsibility
                            
                                Multiple Guarantors - Franchisee Guaranty and Corporate Guaranty
                            
                                Original 5 year Lease w/ Two 5 Year Renewal Options (Option 1 Formally Exercised)
                            
                                Over $200k of Recent HVAC, Roof, and Restaurant Fixture Improvements
                            
                                2.5% Annual Rental Increases
                            
                                Nearly 45,000 VPD Along Gilbert Road

Property Flyers

Native Grill & Wings OM 1.9.26

Cap Rate:

6.00 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Native	6,506 SF

Amenities

Smoke Detector

Public Transportation

Airport	Drive	Walk	Distance
Phoenix-Mesa Gateway	21 min	-	12.8 mi
Phoenix Sky Harbor International	24 min	-	16.5 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	34
Type:	Surface
Included in Rent:	Yes

Jonathan Levy 480-425-5538 SVN | Desert Commercial Advisors

1559 S Gilbert Rd Mesa, AZ 85204 Superstition Springs