This listing is under contract.
For Sale: Salad and Go Ground Lease Mesa, AZ | $1.675M | Low Rent | 20 Yr Lse | 2% Annual Increases
2814 South Signal Butte Road
Mesa, AZ 85212
UNDER CONTRACT FOR SALE NNN Property
Property Type:Single Tenant Retail (NNN)
Last Verified:May 11, 2021
Brand-new single-tenant Salad and Go opportunity, offering a 20-year absolute triple-net (NNN) ground lease with three (3), five (5) year option periods. Hard corner location offers rare 2% annual increases starting year three in the initial term and throughout the option periods. Founded in 2013, Salad and Go currently has ±25 locations open in Arizona with multiple stores under development in Arizona and Texas this year. Salad and Go is the emerging Dutch Bros Coffee in the “health” food category. Salad and Go is one of the first restaurant companies to adapt to the drive-thru-only business model. The trend of restaurants without on-premise dining has accelerated due to COVID-19, with Chipotle, McDonald's, Del Taco, El Pollo Loco, and other operators recently announcing their own drive-thru-only concepts. The Property is located in Mesa, the 3rd largest city in Arizona with a population of ±518,000 (Source: selectmesa.com). The Property is less than one mile from the new home of Apple's ±1.3 million square foot global data command center, which employs approximately 150 people. Less than two miles south of the Property is Eastmark, the #1 best-selling master-planned community in Arizona and top 10 best-selling community in the United States between 2015 and 2019. Eastmark is zoned for ±15,000 homes (Source: Eastmark.com). Nearby national retailers include Fry’s Marketplace (Kroger), McDonald’s, Burger King, Bank of America, Goodwill, Cafe Rio, and more.