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McAlister’s Deli & Jamba, Goodyear, AZ

McAlister’s Deli & Jamba, Goodyear, AZ


Investment Summary

Price $4,386,000
Cap Rate
NOI
Lease Term 23 Years
Lease Type Absolute NNN Lease
Rental Increases 1.25% annual rental increases
Year Built 2023
Building Size 4,598 SF
Lot Size 1.88 Acres (81,877 SF)
Status Closed
Lead Brokers Michael T. Yuras, CCIM
Vice Chairman
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Executive Managing Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Vincent Aicale
Executive Managing Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Executive Managing Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Investment Highlights

SINGLE-TENANT MCALISTER’S DELI & JAMBA COMBO STORE ON A 23-YEAR ABSOLUTE NNN LEASE WITH ANNUAL INCREASES
» Single tenant Jamba and McAlister’s Deli combo store with a strong guaranty
» 23-year absolute NNN lease with 1.25% annual rental increases
» Whirld Concepts, Inc., owns and operates 32 Jamba locations throughout the Valley
» The McAlister’s brand has over 500 restaurants in 28 states and has been awarded numerous industry accolades for its service, atmosphere, and customer satisfaction
» New 2023 high-quality construction with dual drive-through & pick-up lane

HIGH-VISIBILITY LOCATION WITH ACCESS TO OVER 192K VEHICLES PER DAY
» Prominent location along West McDowell Road (24,966 AADT) and West Cornerstone Boulevard with access to I-10/Papago Freeway (167,303 AADT)
» Situated between Lowe’s and Target next to Abrazo West Campus Hospital (179 beds) and more than 150,000 SF of medical office space
» 1.7 miles from Estrella Mountain Community College (13,882 students) and just minutes from McLane Co. Distribution Center (over 80 distribution centers, 20,545 total employees) and Sunmar Warehouse (595 employees)
» 5.4 miles from Luke Air Force Base, which provides support for over 5,500 military and civilian employees, 6,700 family members, and 80,000 military retirees who live in the surrounding area

GROWING PHOENIX SUBURB WITH ROBUST DEMOGRAPHICS
» 218,544 residents within a five-mile radius (32% increase since 2010)
» Prime location with an average annual household income of $104,689 within five miles (projected to increase 19% by 2027)
» Beneficial proximity to several airports including Phoenix-Goodyear Airport (75,880 passengers), and Phoenix Sky Harbor International Airport (PHX), the largest airport in Arizona with 38.8 million annual passengers and one of the busiest airports in the U.S.
» Gateway to Downtown Phoenix, the largest city in Arizona and fifth largest in the United States (1.6 million residents)
» Part of one of the largest metropolitan area in Southwestern United States and the 10th largest metro area by population in the United States, (approximately 4.95 million people)

Property Description

SOLD

» Located along West McDowell Road (24,966 AADT) and West Cornerstone Boulevard with nearby access to I-10/Papago Freeway which experiences 167,303 vehicles per day near the site
» The property is situated between Lowe’s and Target next to Abrazo West Campus Hospital (179 beds) and more than 150,000 SF of medical office space
» The site is 1.7 miles from Estrella Mountain Community College (13,882 students) and minutes from McLane Co. Distribution Center (over 80 distribution centers, 20,545 total employees) and Sunmar Warehouse (595 employees)
» The location is 5.4 miles from Luke Air Force Base (population of 250,290) which provides outstanding support for over 5,500 military and civilian employees, 6,700 family members, and 80,000 military retirees who live in the surrounding area
» Supported by a large population of 218,544 within a five-mile radius (32% increase since 2010)
» Prime location in a Phoenix suburb with an average annual household income of $104,689 within five miles and projected to increase 19% by 2027
» The site maintains beneficial proximity to several airports including Phoenix-Goodyear Airport (75,880 passengers) and the Phoenix Sky Harbor International Airport (PHX), the largest airport in Arizona with 38.8 million annual passengers and one of the busiest airports in the United States
» 17 miles from Downtown Phoenix, the largest city in Arizona and the fifth largest in the United States (1.6 million residents) and part of the largest metropolitan area in Southwestern United States and the 10th largest metro area by population in the

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