Listing Summary
Acquire a single-tenant Biscuits Cafe in Peoria, AZ. Absolute NNN lease with 10+ yrs remaining, 3% annual rent bumps, $2.35M sales, & strong demographic draw.
Full Description
Exclusive Single-Tenant NNN Investment Opportunity in Peoria, Arizona
Lee & Associates is pleased to present the exclusive fee-simple offering to acquire a freestanding, single-tenant Biscuits Cafe located at 8877 W. Thunderbird Road in Peoria, Arizona. Situated on a substantial 1.68-acre parcel, this 5,000-square-foot restaurant features a secure Absolute NNN lease with over 10 years of primary term remaining and attractive 3% annual rental increases. Demonstrating a deep, long-term commitment to this high-performing location, the tenant recently executed an early lease extension—offering commercial real estate investors dependable cash flow, a strong inflation hedge, and zero landlord responsibilities.
Established Corporate Concept & Exceptional Location Performance
Founded in 1998, Biscuits Cafe is an established, family-owned breakfast and lunch brand operating roughly 20 successful locations across Arizona, Oregon, and Washington. The lease is fully backed by a corporate guaranty from Biscuits Enterprises, Inc., headquartered locally in Phoenix.
This location is a proven, high-volume store within the system:
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High-Volume Sales: Generates approximately $2.35 million in annual gross sales.
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Healthy Financial Metrics: Operates at a strong 9.4% rent-to-sales ratio, reinforcing the tenant's ongoing profitability, operational security, and long-term commitment to the underlying real estate.
Prime Signalized Corner Location with High Traffic Counts
The asset commands a high-visibility, signalized hard-corner location at the intersection of W. Thunderbird Road and W. Rio Vista Boulevard:
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W. Thunderbird Road: Sees over 31,700 vehicles per day directly in front of the site.
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Loop 101 Freeway Access: Positioned just off Loop 101, a primary arterial carrying more than 107,700 vehicles daily.
Vibrant Infill Retail Corridor & Suburban Medical Hub
The site sits at the center of a dense commercial and residential trade area anchored by major national retailers, daily-needs shopping destinations, and extensive healthcare facilities. Surrounding traffic drivers include Safeway, Sprouts Farmers Market, Lowe's, CVS, Walgreens, Dutch Bros, McDonald's, Chase Bank, and QuikTrip.
In addition to traditional retail drivers, the immediate vicinity features a dense network of medical office buildings, specialty healthcare providers, multi-family apartment complexes, and active senior housing communities that feed consistent daytime and weekend customer traffic to the restaurant.
Dominant Phoenix MSA Suburban Demographics
Located in one of the Phoenix metropolitan area's most dynamic and fastest-growing west-valley submarkets, the property benefits from impressive surrounding demographics:
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Population: Over 315,000 residents within a 5-mile radius.
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Affluent Trade Area: Average annual household incomes exceed $104,000 in the surrounding area.
With strong real estate fundamentals, robust store sales, fixed annual rent growth, and a prime hard-corner location in the Phoenix MSA, this Biscuits Cafe represents an exceptional net-leased investment asset.
Quick Glance
- Listing ID:
CL-Arizona-28108
- Status:
Active
- Year Build:
2019
- Building Size:
5,000 SqFt
- Lot Size:
2 Acr
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