1930 South Greenfield Road

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1930 South Greenfield Road

Mesa, AZ 85206
Asking Price
$6.67M
Cap Rate
4.5%
Asset Type
QSR/Fast Food Retail
Class
Class B

What's Special

Rare Land and Building Offering (Depreciable Asset) | 20-Year Absolute NNN Lease (11 Years Remaining <ul><li>​<strong style="color: rgba(0, 0, 0, 1)">Single-Tenant Raising Cane’s:</strong><ul><li>​<span style="color: rgba(0, 0, 0, 1)">20-year absolute NNN corporate lease; 11 years remaining</span></li><li>​<span style="color: rgba(0, 0, 0, 1)">10% increases every 5 years during the base term and each of the three 5-year options</span></li><li>​<span style="color: rgba(0, 0, 0, 1)">Raising Cane’s has more than 900 locations in 45 states, and opened 100 locations across several new markets in 202

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NOI
$80,000
Cap Rate
1.20%
DSCR
0.20
Underwater
Cash-on-Cash
-15.79%
Monthly Payment
$32,999.521
Annual Cash Flow
$-315,994.249

Location & Travel Times