Map of Property

Angie’s Prime Grill | Brand New - Rare 20 Year Absolute NNN Lease

4989 W Ray Rd, Chandler, AZ 85226

  • For Sale $3,850,000
  • Property Type Other
  • Lot Size 0.87 SF
  • Date Updated May 3, 2024

The Snyder Carlton National Net Lease Team is pleased to present an opportunity to purchase a single tenant absolute NNN leased asset fully occupied by Angie’s Prime Grill in Chandler, AZ. Angie’s Prime Grill, specializing in drive-thru lobster meals, has 8 locations open or under development in the Phoenix area with plans for expansion. With a new 20-year long term lease, four 5-year option period, and 2.5% annual rent increases starting in year four, this is an excellent opportunity for an investor seeking years of inflation resistant cash flows and zero landlord responsibilities.

The subject property comprises a 2,971 SF building with drive-thru on a 0.87-acre parcel located on the hard corner signalized intersection of W Ray Road and Rural Road which has a combined traffic count exceeding 56,200 VPD. Only a half mile away, Intel’s Chandler Campus is Intel’s second larges site in the U.S. and is the largest employer in Chandler. This campus offers countless employee amenities including state-of-the-art fitness centers, spa, cafes, shopping, childcare, and more. Chandler is one of Phoenix’s most popular suburbs with great demographics, excellent schools, and a strong economy. The subject property is surrounded by many national retailers including Albertsons, Fry’s, Natural Grocers, Walgreens, CVS, Chase Bank, EōS Fitness, Starbucks, and Taco Bell.

This is a rare opportunity to acquire a single tenant absolute NNN leased drive-thru asset in one of Phoenix’s premier suburbs with zero landlord responsibilities, annual rent increases, and strong demographics providing years of inflation resistant income.

Available

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Attachments

Contacts

broker

Eric Carlton

broker

Paul Holland

Location

Getting Around

  • Walk Score ®

    82/100 Very Walkable

  • Transit Score ®

    35/100 Some Transit

  • Bike Score ®

    75/100 Very Bikeable
Powered by Walk Score ®
  • City Chandler, AZ
  • Neighborhood Twelve Oaks
  • Zip Code 85226
  • Market Phoenix

Points of Interest

  • Desert Breeze Rail Station

    0.54 miles

  • Blue Star Transportation

    5.47 miles

  • McAllister Ave / Apache Blvd

    6.59 miles

  • Rural Rd / Apache Blvd

    6.60 miles

  • College Ave / Apache Blvd

    6.60 miles

  • Dorsey / Apache Bvd

    6.62 miles

  • Dorsey/ Apache Blvd

    6.63 miles

  • McClintock/ Apache Blvd

    6.69 miles

  • Smith-Martin/ Apache Blvd

    6.78 miles

  • 11th St / Mill Ave

    6.86 miles

  • Circle K

    0.08 miles

  • Fry’s

    0.10 miles

  • Circle K

    1.31 miles

  • 7-Eleven

    1.44 miles

  • Tesla Supercharger

    1.64 miles

  • Volta

    2.01 miles

  • Valero

    2.09 miles

  • eVgo

    2.19 miles

  • Shell

    2.22 miles

  • Chevron

    2.29 miles

  • Staff Parking

    3.14 miles

  • Love's

    3.40 miles

  • East Parking Lot

    3.61 miles

  • West Parking Lot

    3.75 miles

  • Truck Parking

    3.77 miles

  • Ranch Circle Park Lot

    4.05 miles

  • Brown 3

    5.55 miles

  • Blue 1

    5.57 miles

  • Brown 2

    5.58 miles

  • Radiation Oncology Patient Parking

    5.61 miles

  • Hawthorn Suites

    1.32 miles

  • Quality Inn

    1.34 miles

  • TownePlace Suites by Marriott Phoenix Chandler/Fashion Center

    1.65 miles

  • Hyatt Place Phoenix/Chandler-Fashion Center

    1.71 miles

  • Element Chandler Fashion Center

    1.81 miles

  • SpringHill Suites by Marriott Phoenix Chandler/Fashion Center

    1.94 miles

  • Residence Inn by Marriott Phoenix Chandler/Fashion Center

    1.98 miles

  • Casey House

    2.02 miles

  • Cambria Hotel Phoenix Chandler - Fashion Center

    2.32 miles

  • Super 8

    2.47 miles

  • Burger King;Baja Fresh

    0.05 miles

  • Rubio's

    0.08 miles

  • Szechwan Garden

    0.08 miles

  • Pizza Hut

    0.09 miles

  • The New India Gate

    0.10 miles

  • Subway

    0.11 miles

  • Jack in the Box

    0.12 miles

  • Taco Bell

    0.16 miles

  • Closed Drive Through (Was an Arby's)

    0.20 miles

  • Desert Breeze Railroad Snack Bar

    0.54 miles

  • Corona del Sol High School

    0.47 miles

  • Kyrene Aprende Middle School

    0.58 miles

  • Kyrene de las Brisas Elementary School

    0.68 miles

  • Kyrene De La Mariposa School

    0.72 miles

  • Kyrene de la Mariposa

    0.73 miles

  • Kyrene De La Mirada Elementary School

    0.74 miles

  • Kyrene Del Cielo School

    0.76 miles

  • Solon Academy of Arts and Sciences

    1.16 miles

  • Kyrene del Pueblo Middle School

    1.61 miles

  • Kyrene de la Paloma Elementary School

    1.62 miles

  • Bright Horizons

    2.62 miles

  • Tutor Time

    2.85 miles

  • Bridges Preschool

    3.61 miles

  • Bright Horizons

    3.76 miles

  • East Valley JCCs

    3.86 miles

  • A Step Ahead Childcare & Preschool

    3.87 miles

  • Inspire Kids Montessori

    4.04 miles

  • Sunrise Preschool Tempe

    4.26 miles

  • Best Friends Preschool

    4.54 miles

  • Mill Avenue Preschool

    4.57 miles

Frequently Asked Questions

What is the lease rate for Angie’s Prime Grill | Brand New - Rare 20 Year Absolute NNN Lease?

Rental asking rate at Angie’s Prime Grill | Brand New - Rare 20 Year Absolute NNN Lease is $1,925,000.00/YR.

What is the total square footage of Angie’s Prime Grill | Brand New - Rare 20 Year Absolute NNN Lease?

Angie’s Prime Grill | Brand New - Rare 20 Year Absolute NNN Lease totals 2,971 square feet.

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Contact Angie’s Prime Grill | Brand New - Rare 20 Year Absolute NNN Lease