This listing is under contract.

New Pricing: Texas Roadhouse Scottsdale, AZ | $1.895M – 5.0% Cap | Premier Scottsdale Location

9320 E Via de Ventura Scottsdale, AZ 85258

9320 E Via de Ventura, Scottsdale, AZ, 85258
9320 E Via de Ventura, Scottsdale, AZ, 85258
UNDER CONTRACT FOR SALE NNN Property
Property Type:
Restaurant
Amount:
$1,895,000
Cap Rate:
5.00%
Last Verified:
Mar 25, 2021

  • Exclusive Texas Roadhouse single-tenant leasehold investment opportunity located adjacent to the 101 freeway in Scottsdale, Arizona.
  • The Property was constructed in 2019, offering a new 15-year corporate lease (leasehold) with 10% rental increases every 5 years.
  • Texas Roadhouse operates over 610 restaurants in 49 states (Source: texasroadhouse.com).
  • Texas Roadhouse is a best-in-class operator, having sustained one of the highest same-store sales growth rates in the restaurant industry for several years prior to COVID-19.
  • This investment offers a low purchase price and rent for Scottsdale real estate! Brand new ±7,163 SF building with an oversized parcel of ±97,574 SF.
  • High traffic counts on the Scottsdale 101 freeway of over 170,000 vehicles per day (Source: ADOT, 2019).
  • Premier Scottsdale location at The Block, a brand-new ±22-acre mixed-use development comprised of ±260,000 square feet of medical office, hospitality, retail, and restaurants to include Starbucks, Texas Roadhouse, Spinato’s Pizza, Nekter Juice, and many more.
  • The top Scottsdale employers surrounding the Property include: Talking Stick Resort (±2,500 employees), HonorHealth (±2,299 employees), CVS Pharmacy Inc (±2,080 employees), Nationwide Insurance (±1,710 employees), and International Cruise Excursions Inc (±1,150 employees) (Source: azmag.gov).
  • Strong demographics in a three-mile radius, with an average household income of $132,540 (Source: Esri).
  • In 2017, Scottsdale welcomed ±8.9 million visitors, generating an estimated $2.4 billion economic impact to the city (Source: Scottsdale Tourism Study, 2018).
    The Property is located within the Talking Stick Entertainment District, the home to amenities such as Talking Stick Resort (±496 rooms), Salt River Fields - the Major League Baseball spring-training facility for the Arizona Diamondbacks and the Colorado Rockies, Topgolf, and OdySea in the Desert.

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Map of 9320 E Via de Ventura, Scottsdale, AZ, 85258

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.