Property Listing No Longer Available for Sale

1720 W Thatcher Blvd, Safford, AZ

Retail for Sale - $2,187,000 - 3,020 Sq. Ft. on 0.99 acres


Property Info

CIMLS#964992
Location
  1720 W Thatcher Blvd
  Safford AZ 85546
UpdatedNovember 1st, 2017
TypeRetail
Price$2,187,000
Building3,020 Sq. Ft.
Land0.99 acres

Property Description

SVN is pleased to present this single-tenant, absolute triple-net leased Arby's with no Landlord responsibilities. The lease is personally guaranteed by Charles Harmon, the largest Arby's franchisee in the State of Arizona. With 10+ years remaining on the Lease and annual 2% increases, this investment provides consistent NOI growth secured by a well established operator.

Location Description:

The subject property is located in Safford, Arizona on the north side of US-70, the main arterial corridor through Graham County. Safford is located near the Arizona/New Mexico border with approximately 10,000 in population.

Highlights:

>> Absolute NNN

>> No Landlord Responsibilities

>> 2% Annual Increases

>> 10+ Years Remaining on Initial Term with Two 5 Year Options In Place

>> Largest Arby's Franchisee in Arizona

>> Nine (9) Years of Operation at this Location

>> I-70 Freeway Frontage


Financials