6925 83Rd AveGlendale, AZ 85305

This exceptional investment opportunity presents a brand-new, single-tenant, 1,075 square foot quick-service restaurant (QSR) in Glendale, Arizona. Located at 6925 N 83rd Ave, this property boasts a 20.5-year absolute triple-net (NNN) lease with Angie's Lobster and Burger, a drive-thru concept from the founders of Salad and Go. The lease commenced October 22, 2024, and expires April 30, 2045, featuring 2% annual rent bumps and four five-year option periods. The tenant, Angie's Food Concepts, provides a corporate guarantee, ensuring financial stability. The property sits on a 0.84-acre lot and benefits from a 5.40% cap rate and a strong net operating income (NOI) of $183,972. Built in 2024, this one-story building enjoys 100% occupancy. The strategic location near the Westgate Entertainment District, State Farm Stadium, Tanger Outlets, and future developments like the VAI Resort and Mattel Adventure Park, promises high visibility and significant growth potential. The area boasts strong demographics, with an average household income of $122,591 within a one-mile radius and a population of approximately 150,104 within a three-mile radius. The property's high-traffic location at the intersection of W Glendale Ave and 83rd Ave, with approximately 43,019 vehicles per day, further enhances its investment appeal. This is a rare opportunity to acquire a stable, high-performing asset in a rapidly developing area. The property's APN is 102-05-482. This is a core investment with significant long-term value. The asking price is $3,406,000.