Phoenix, AZ - Whataburger

Description:

• The tenant currently has 10+ years remaining on their initial lease with 3 (5-year) options to extend
• The lease features 10% rental increases every 5 years during the initial term and options, growing NOI and hedging against inflation

• The subject property is located at the signalized, hard corner intersection of N 29th St and E Bell Rd which combined average 48,100 VPD
• The site benefits from nearby direct on/off ramp access to Piestewa Freeway, a major thoroughfare that averages 75,000 vehicles passing by daily
• The asset is ideally located in a dense retail corridor, with numerous nearby national/credit tenants including Dutch Bros, Chipotle, Starbucks, Home Depot, Circle K, Autozone, and many more

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Listing ID: a28TP000001kLosYAE