Mesa, AZ | Filiberto's Mexican Food | Rare Absolute NNN QSR Drive-Thru

3636 East Baseline Road, Mesa, AZ

$3,097,000

Price

5.5%

Cap Rate

$174,999.96

NOI

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Overview
Cap Rate
5.5%
NOI
$174,999.96
Building Size
3,190 sqft
Lot Area
0.85 acres
Occupancy
100%
Lease Type
Absolute Net
Tenancy
Single
Highlights
  • REAL ESTATE FUNDAMENTALS: This drive-thru Filiberto’s is directly adjacent to the intersection of Val Vista Dr and Baseline Rd (±69,000 VPD), with direct access from Baseline and seconds away from the U.S. 60, seeing ±184,900 VPD.
  • BUSTLING RETAIL INFILL: Nearby national tenants at the intersection include Starbucks, Chase Bank, Five Guys, and Taco Bell, with a grocery center anchored by AJ’s Fine Foods directly across the street.
  • EXCEPTIONAL DEMOGRAPHICS: Within 5 miles, the population of ±361,000 residents boasts an average household income of nearly $110,000, well above the average household income for the Phoenix area.
  • ECONOMIC STRENGTH: Mesa’s targeted industries, aerospace, healthcare, education, and technology, bring an abundance of opportunity with major employers like Boeing, Banner Health, Dexcom, and Apple with its new Global Data Command Center.
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