Trophy Net Lease Dierks Bentley’s Whiskey Row 323 N Gilbert Rd 13,341 SF Retail Building Gilbert, AZ 85234 $9,850,000 ($738.33/SF) 6.42% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand new 10 year extension (14 years primary term remaining) showing commitment to the site
- 2% annual rent increases - ideal hedge against inflation
- Extremely high sales and a low rent to sales ratio (Ask Broker for more details)
- Trophy location in Downtown Gilbert
- A rare license to hold live music concerts runs with the property
- Extremely high average household incomes of $133,142 within the trade area (over double of Phoenix MSA’s average)
EXECUTIVE SUMMARY
INVESTMENT HIGHLIGHTS
• Trophy location in Downtown Gilbert
• 2% annual rent increases - ideal hedge against inflation
• Minimal Landlord responsibilities
• Extremely high sales and a low rent to sales ratio (Ask Broker for more details)
• 14 years primary term remaining
TENANT HIGHLIGHTS
• Dierks Bentley’s Whiskey Row is owned by RIOT Hospitality Group (www.riothg.com) a premier hospitality management company headquartered in Scottsdale, AZ with 10 concepts spanning 15 locations
• Dierks Bentley’s Whiskey Row (www.dierkswhiskeyrow. com) is a proven concept with four locations in Scottsdale, Gilbert, Denver, and Nashville
• Riot Hospitality Group operates several successful and unique brands such as, Whiskey Row, El Hefe, Hand Cut, Farm & Craft, Maya Day Club and Clubhouse, The District, Seven, Riot House, Shiv Supper Club and Cake
LOCATION HIGHLIGHTS
• Extremely high average household incomes of $133,142 within the trade area (over double of Phoenix MSA’s average)
• Dierks Bentley’s Whiskey Row is the only entertainmentbased music bar in the Heritage District
• The Heritage District boasts over 30 restaurants and shops, making it a culinary hotspot in the Phoenix metro area
• Located near the new 10-acre mixed use development of Heritage Park, which will bring a diverse mix of dining, retail, and residential spaces to vibrant Downtown Gilbert
Check out the virtual tour of the property with the link below:
https://my.matterport.com/show/?ref=em&m=ciJVd4ZqR1C
• Trophy location in Downtown Gilbert
• 2% annual rent increases - ideal hedge against inflation
• Minimal Landlord responsibilities
• Extremely high sales and a low rent to sales ratio (Ask Broker for more details)
• 14 years primary term remaining
TENANT HIGHLIGHTS
• Dierks Bentley’s Whiskey Row is owned by RIOT Hospitality Group (www.riothg.com) a premier hospitality management company headquartered in Scottsdale, AZ with 10 concepts spanning 15 locations
• Dierks Bentley’s Whiskey Row (www.dierkswhiskeyrow. com) is a proven concept with four locations in Scottsdale, Gilbert, Denver, and Nashville
• Riot Hospitality Group operates several successful and unique brands such as, Whiskey Row, El Hefe, Hand Cut, Farm & Craft, Maya Day Club and Clubhouse, The District, Seven, Riot House, Shiv Supper Club and Cake
LOCATION HIGHLIGHTS
• Extremely high average household incomes of $133,142 within the trade area (over double of Phoenix MSA’s average)
• Dierks Bentley’s Whiskey Row is the only entertainmentbased music bar in the Heritage District
• The Heritage District boasts over 30 restaurants and shops, making it a culinary hotspot in the Phoenix metro area
• Located near the new 10-acre mixed use development of Heritage Park, which will bring a diverse mix of dining, retail, and residential spaces to vibrant Downtown Gilbert
Check out the virtual tour of the property with the link below:
https://my.matterport.com/show/?ref=em&m=ciJVd4ZqR1C
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
13,341 SF
Building Class
B
Year Built
2017
Price
$9,850,000
Price Per SF
$738.33
Cap Rate
6.42%
NOI
$632,854
Tenancy
Single
Building Height
1 Story
Building FAR
0.79
Lot Size
0.39 AC
Zoning
HVC
Parking
101 Spaces (7.3 Spaces per 1,000 SF Leased)
Walk Score®
Very Walkable (88)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $566,851 |
