Native Grill & Wings — Sale in Tucson, AZ

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Tucson, AZ 85706

Photos

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Investment Figures

Cap rate
7.80%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

In 1978, Floyd and Judy Anderson and their daughters set off from Buffalo, New York to Arizona to follow their dream of owning and running a restaurant. They purchased a small local pizza joint, renamed it "Native New Yorker." The Andersons were the first to bring wings to Arizona, and almost immediately Native New Yorker began receiving awards for their wings. With strong ties to local organizations, including youth sports leagues, and school partnerships, Native Grill & Wings is strongly invested in Arizona communities, with locations in Texas and Illinois as well. Tucson is the second largest metropolitan area in Arizona with just over one million residents and serves as an anchor to businesses located in the Southern Arizona corridor. Tucson offers its community an outstanding quality of life along with a low cost of doing business. Over the next five years, the metro is projected to add roughly 37,000 new residents. Investment Highlights: • 9 Years Remaining on a Triple-Net (NNN) Lease - Seasoned Location • 2 Percent Rent Increases Every Year Throughout Initial Term and Each Option Period • Ability to Earn Additional Rent when 8.5 Percent of Store Sales Exceeds Base Rent • Over 212,210 Residents Within a Five-Mile Radius • Easily Accessible by Interstate-19 (Over 75,750 Cars per Day) • Situated Within Tucson Spectrum, an Over 960,000-Square-Foot Retail Power Center Serving South Tucson • Outparcel to Harkins Theatres, one of the Busiest Theatres in the Tucson MSA • Surrounded by National Retailers - Target, JCPenney, The Home Depot, Ross, Best Buy, Discount Tire, and More

Market Context

This food service in Tucson, AZ is listed for sale. It is offered at an approximate 7.8% capitalization rate, a key benchmark for income-producing food service assets. Compare it against other food service listings for sale in Tucson, AZ — view the full market.

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