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16233 83rd Ave
Peoria, AZ 85382 Arrowhead

$4,454,000 USD

Restaurant For Sale  •  6,324 SF

Property Details

• Property Type Restaurant
• Total Building Size 6,324 SF
• Lot Size 1.44 AC
• Building Class B
• Year Built 2002
• Cap Rate 6.00 %
• Tenancy Single
• Zoning PAD

30 Transit Score

50 Walk Score

Highlights

Absolute NNN lease with zero landlord responsibilities, exp. February 2039

Guarantor: Red Robin International, Inc. with 10% increases every 5 years

172,980 VPD at signalized corner of N 83rd Ave & W Paradise Ln

Adjacent to Arrowhead Towne Center drawing 10M+ annual visitors

Across from Peoria Sports Complex attracting 212k+ annual visitors

Over 2M+ SF of retail within a 1-mile radius in ultra-dense corridor

Cap Rate:

6.00 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Red Robin		4/1/2039

Amenities

• Bus Line
• Dedicated Turn Lane
• Property Manager on Site
• Signalized Intersection
• Drive Thru

Public Transportation

Airport	Drive	Walk	Distance
Phoenix Sky Harbor International	41 min	-	27.5 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	65
Type:	Surface
Included in Rent:	Yes