3225 Peoria AvePhoenix, AZ 85029

This exceptional investment opportunity presents a 3,600 square foot, free-standing Cafe Zupas restaurant located at 3225 W Peoria Ave, Phoenix, AZ 85029. The property boasts a strong 5.40% cap rate, generating a net operating income (NOI) of $180,000 annually. Secured by a corporate guarantee, the net lease (NN) features a 15-year term commencing February 1, 2024, and expiring January 31, 2039, leaving approximately 14.2 years remaining. Rent increases of 10% every five years provide significant long-term growth potential. The property sits on a 0.79-acre lot and benefits from high visibility on W Peoria Ave, with over 95,000 cars passing daily. The location is in a dense Phoenix infill area, with 448,011 residents within a five-mile radius and is less than a mile from a planned $850 million Metrocenter Mall redevelopment. Nearby tenants include well-known brands such as Chick-fil-A, Starbucks, Ross Stores, PetSmart, and Burlington. Built in 2023, this property offers a secure, high-performing investment with substantial upside. The asking price is $3,333,000, translating to a price per square foot of $925.83. The lease includes two, five-year renewal options. 100% occupancy ensures immediate cash flow.