This listing is under contract.

New Pricing: White Castle Scottsdale, AZ | $1.965M – 5.0% Cap | Top Performing Location

9310 E Via de Ventura Scottsdale, AZ 85258

9310 E Via de Ventura, Scottsdale, AZ, 85258
9310 E Via de Ventura, Scottsdale, AZ, 85258
UNDER CONTRACT FOR SALE NNN Property
Property Type:
Single Tenant Retail (NNN)
Amount:
$1,965,000
Cap Rate:
5.00%
Last Verified:
Feb 22, 2021

  • Exclusive White Castle single-tenant leasehold investment opportunity located adjacent to the highly traveled 101 freeway in Scottsdale, Arizona.
  • The Property was constructed in 2019, offering a new 10-year corporate lease (leasehold) with 10% rental increases every 5 years.
  • The White Castle has seen tremendous success. The drive-thru has had incredibly long lines, since the grand opening in October of 2019. Please reference the photos and aerials for further detail.
  • This investment offers a low purchase price and rent for Scottsdale real estate! Brand new ±5,100 SF building with patio, and oversized parcel of ±74,923 SF.
  • Traffic on the Scottsdale 101 freeway of over 170,000 vehicles per day (Source: ADOT, 2019), with White Castle featured at the very top of the freeway pylon sign.
  • 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.

Additional URLs

Map of 9310 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.