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IN-N-OUT - RARE TROPHY LOW RENT NNN GROUND 4901 S Power Rd 3,886 SF Retail Building Mesa, AZ 85212 $5,166,667 ($1,329.56/SF) 3% Cap Rate
Investment Highlights
- Long Term Absolute Net Ground Lease Featuring 10% Rental Increases Every 5 Years Throughout the Initial Term and Options.
- Walking Distance of ASU Polytechnic’s 600-Acre Campus, the Property Enjoys Immediate Access to over 11,000 Students and Faculty.
- Just Steps from the Loop 202 On-Ramp, the San Tan Freeway Carries up to 94k+ Vehicles Daily.
- Located within Gallery Park, whose Planned Buildout includes 348,000 SF of Class A Office, 280 Hotel Keys, a Theater, and 344 Residences.
- Sitting Directly at the Loop 202 and Power Road Interchange, One of the Southeast Valley’s Busiest, the Property Delivers Maximum Visibility.
- Minutes from the Subject Property, Eastmark has Grown to 7,000 Homes and 20,000 Residents across a 3,200-Acre Master-Planned Community.
Executive Summary
In-N-Out Burger | Long Term Absolute Net Ground Lease | Trophy Rare Low Rent Corporate Ground Lease | Irreplaceable Freeway Interchange Positioning | Within Gallery Park - 1M+ SF Mixed-Use Destination | Immediate Area Experiencing Major Growth | Densely Populated & Affluent Area: $126k+ Avg. HHI | Walking Distance from ASU Polytechnic - 11k+ Students and Faculty | Near Mesa Gateway Airport - 2M+ Annual Passengers and Growing
Arizona Broker of Record: Ryan Sarbinoff | 2398 East Camelback Rd, Ste. 300 Phoenix, AZ 85016 | P: 602-687-6700 | Lic #: BR675146000 | Ryan.Sarbinoff@MarcusMillichap.com
Arizona Broker of Record: Ryan Sarbinoff | 2398 East Camelback Rd, Ste. 300 Phoenix, AZ 85016 | P: 602-687-6700 | Lic #: BR675146000 | Ryan.Sarbinoff@MarcusMillichap.com
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,886 SF
Building Class
B
Year Built
2024
Price
$5,166,667
Price Per SF
$1,329.56
Cap Rate
3%
NOI
$155,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.33 AC
Opportunity Zone
Yes
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- In-N-Out Burger
- Retailer
- 3,886 SF
- -
- Triple Net
- Oct 2044
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| In-N-Out Burger | Retailer | 3,886 SF | - | Triple Net | Oct 2044 |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 304-30-985 | Improvements Assessment | $0 |
| Land Assessment | $80,602 | Total Assessment | $80,602 |
Property Taxes
Parcel Number
304-30-985
Land Assessment
$80,602
Improvements Assessment
$0
Total Assessment
$80,602
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IN-N-OUT - RARE TROPHY LOW RENT NNN GROUND | 4901 S Power Rd
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