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STNL WHATABURGER | ABSOLUTE NNN GROUND LEASE 1135 Estrella Pkwy

3,318 SF Retail Building Goodyear, AZ 85338 £2,205,040 (£665/SF) 4.45% Net Initial Yield

Investment Highlights

  • Brand-new 15-year absolute NNN corporate ground lease, providing a robust passive investment opportunity for investors
  • Immediate and convenient access right off the I-10 freeway with nearly 157,000 vehicles per day
  • Whataburger has over 70 years in the business and more than 960 locations in the U.S.
  • Strong 10% increases every 5 years through the primary term and option periods
  • New construction freestanding building; property will feature a double drive-thru

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,318 SF
Building Class
C
Year Built
2024
Price
£2,205,040
Price Per SF
£665
Net Initial Yield
4.45%
NOI
£98,124
Tenancy
Single
Number of Floors
1
Building FAR
0.05
Land Acres
1.66 AC
Frontage
1,370 ft on Estrella Parkway

Amenities

  • Drive Thru
  • Air Conditioning

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Whataburger
  • Retailer
  • 99,999 SF
  • -
  • Lorem Ipsum
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Whataburger Retailer 99,999 SF - Lorem Ipsum -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
500-10-907
Land Assessment
£85,848
Improvements Assessment
£0
Total Assessment
£85,848
  • Listing ID: 32260052

  • Date on Market: 26/06/2024

  • Last Updated:

  • Address: 1135 Estrella Pkwy, Goodyear, AZ 85338

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