2590 Market StGilbert, AZ 85295

Property Details for 2590 Market St

Year built

2022

Lot size

1.55 AC

Property size (Sq ft)

3,800 SF

Property type

Retail properties

Description

This exceptional investment opportunity presents a single-tenant, 3,800 square foot Whataburger restaurant situated on a 1.55-acre lot in Gilbert, Arizona. The property boasts a corporate-guaranteed net lease with a substantial 12.5 years remaining on the initial 15-year term, featuring 10% rent increases every five years. The strong financial performance is underscored by a 4.60% cap rate and a current NOI of $124,935. Built in 2022, this freestanding building enjoys a prime location across from San Tan Village Marketplace, a major shopping center anchored by Sam's Club and Walmart. Its proximity to other significant retail centers, including San Tan Village and San Tan Pavilions, further enhances its desirability. The property also benefits from its strategic location near Dignity Health Mercy Gilbert Medical Center and within a 10-minute drive of two airports. The surrounding area exhibits robust demographics, with a population exceeding 297,743 and an average household income of $146,872 within a five-mile radius. The lease includes three and five-year renewal options, providing long-term stability and growth potential. This is a rare opportunity to acquire a high-performing, net-leased property anchored by a nationally recognized brand in a thriving market. The ground lease expires May 31, 2037. APN: 313-21-979. Asking price: $2,715,000.

Location Insight

City

Gilbert

County

Maricopa

State

Arizona

Latitude

33.303

Longitude

-111.744

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].