For Sale
$2,118,000

25026 Ellsworth RdQueen Creek, AZ 85142

Arizona QSR, High Growth Area

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 2,764 square foot Jack in the Box restaurant situated on a 0.97-acre lot in Queen Creek, Arizona. Built in 2022, this freestanding building features a drive-thru and boasts 100% occupancy under an absolute NNN ground lease with a franchisee tenant (Rucker Restaurant Holdings). The lease has 18 years remaining, providing significant long-term stability and secured cash flow. Rent bumps are included, with 10% increases every five years throughout the primary term and any option periods. The property generates a strong net operating income (NOI) of $90,000, resulting in a 4.25% cap rate. Located at 25026 S Ellsworth Rd, 85142, this high-visibility location benefits from over 65,000 vehicles per day passing by, and is easily accessible from Ellsworth and Riggs Roads. The property is surrounded by strong retail anchors including Fry's Marketplace, Fat Cats, EOS Fitness, and Tractor Supply, and is within a densely populated area with nearly 150,000 residents within a 5-mile radius and significant future residential development planned. The average household income within a 1-mile radius exceeds $165,000, indicating a strong consumer base. This investment offers a compelling combination of secure income, long-term growth potential, and a prime location in one of Arizona's fastest-growing areas. The property's APN is 314-02-912.

Highlights

  • $2,118,000 asking price for this Net Leased Jack in the Box.
  • Absolute NNN lease with a franchisee tenant.
  • 18-year remaining lease term on a 2,764 SF building.
  • 4.25% cap rate with a $90,000 NOI.
  • Built in 2022, 100% occupancy, and features a drive-thru.
  • 0.97-acre lot with rent bumps included.

Property Details for 25026 Ellsworth Rd

Property type
Retail properties
Square Feet
2,764 SF
Year Built
2022
Lot Size (sq. ft)
42,253 SF

Location Insight

City
Queen Creek
County
Maricopa
State
Arizona
Latitude
33.2211686
Longitude
-111.6352313
25026 Ellsworth Rd, Queen Creek, Arizona

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25026 Ellsworth Rd
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