Filiberto's

Attachments

• AZ Phoenix - 420 E Southern Ave - Filiberto's.pdf (PDF) opens in new window

Highlights

• $8,500 per month with 2% annual increases
• 15 Year Term
• 5.67% CAP
• $1,799,000.00
• Absolute NNN Lease - Zero Landlord Responsibilities
• New 2024 Construction
• Rent Commencement Estimated at 8/1/24
• 3 - 5 year options to renew
• 2,385 SF
• 34,412 SF (0.79 Acres) of Land
• Year Built 2024
• Tenant: Filiberto's
• Significant franchisee guarantee from operator with ±15 locations. The principals are also the Franchisors of Riliberto’s which has 10 locations and another 5 in the works. They have been Filiberto’s operators for over 25 years with $19M in annual sales.
• 1/4 mile East of the Light Rail South Central Extension
• The subject property is less than 1-mile south of South Mountain High School with ±2,211 students.
• Within a half-mile of North of ASU Prep South Phoenix, Roosevelt Elementary School, and Advance U Elementary School.
• El Reposo Park and the adjoining South Mountain Community Center are within a half mile.
• Surrounded by national retailers: McDonald’s, Domino’s, Harbor Freight Tools, CVS, Jack in The Box, Ranch Market.
• Dense demographic profile with ± 331,307 residents in a 5-mile trade area with an AHHI of ± $93,338. (ESRI 2023.)
• Immediately west of South 7th Village, a new ±90-unit multifamily development completed in 2020.

Location

Getting Around

• Walk Score ®

  73/100 Very Walkable

• Transit Score ®

  48/100 Some Transit

• Bike Score ®

  73/100 Very Bikeable

Points of Interest