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8425 W Thunderbird Road, Peoria
$2,350,000
7103518 MLS ⋅ 3,614 SqFt.
Prime NNN Investment Opportunity - Burger King! Acquire a freestanding, income-producing restaurant property leased to an established Burger King franchisee operating more than 50 locations throughout Arizona. The long-term NNN lease runs through December 2039, with four additional 10-year renewal options and scheduled rent increases, providing dependable, low-maintenance income at an approximate 5.15% cap rate. Sale includes the land, building, improvements, and assignment of the existing lease. Strategically located on the busy Thunderbird Road corridor just east of Loop 101, offering convenient freeway access and excellent commercial visibility. An ideal addition to an investment portfolio. Real estate only; business and franchise not for sale. Please do not disturb tenant or employees. INVESTMENT OPPORTUNITY Burger King Restaurant 8425 W. Thunderbird Road, Peoria, Arizona This offering presents the opportunity to acquire a freestanding Burger King restaurant property leased to Barnett Krispin II, LLC under a long-term NNN Lease. The existing Lease extends through December 1, 2039, providing approximately 13 years of remaining contractual term, scheduled rental increases, and four additional 10-year renewal options. INVESTMENT HIGHLIGHTS Tenant: Barnett Krispin II, LLC Property Use: Burger King Restaurant Lease Structure: NNN Lease Offering Price: $2,350,000 CAP Rate: Approximately 5.15% Current Base Rent: $10,083.34 per month Current Annual Base Rent: $121,000.08 Current Total Tenant Payment: $10,426.17 per month* Lease Expiration: December 1, 2039 Rent Increases: 10% every five years Next Scheduled Rent Increase: March 2030 Projected March 2030 Base Rent: Approximately $11,091.67 per month Renewal Options: Four additional 10-year options Personal Guaranty: Thomas D. Barnett and Georgia C. Barnett, husband and wife; assignable by the Lessor pursuant to the Guaranty. Tenant Expense Responsibilities: Tenant responsibilities include real estate taxes, insurance, utilities, operating costs, interior and exterior maintenance and repairs, parking lot maintenance, landscaping, HVAC maintenance, roof maintenance and repairs, structural maintenance, and other expenses as provided under the Lease. TENANT / OPERATOR PROFILE Barnett Krispin II, LLC is affiliated with Barnett Management Company, a long-established Arizona restaurant operator founded by Tom Barnett, with Shelley Krispin later joining the organization and becoming a partner. The organization has decades of experience operating Burger King restaurants in Arizona and has developed an established multi-unit presence throughout the market. Published franchise materials have identified Barnett Management as one of Arizona's largest Burger King franchise operators, with its portfolio growing to more than 50 Burger King restaurants in Arizona. Barnett Krispin II, LLC is the tenant under the Lease and operates the premises as a Burger King restaurant. Burger King Corporation is not the named tenant under the Lease. NNN LEASE STRUCTURE The Lease is structured as a NNN Lease, with the tenant responsible for real estate taxes, insurance, utilities, operating costs, maintenance and repairs, and other expenses as provided under the Lease. The tenant's maintenance responsibilities include the interior and exterior of the premises, parking lot maintenance, landscaping, air-conditioning maintenance, roof maintenance and repairs, and structural maintenance. Except for certain limited obligations expressly provided under the Lease, the Lease states that the Lessor has no responsibility for providing utilities, services, maintenance, repairs--structural or otherwise--or insurance for the premises. The tenant is also required to maintain property and liability insurance as specified under the Lease and is responsible for the cost of the required insurance coverage. PERSONAL GUARANTY The obligations of Barnett Krispin II, LLC under the Lease are supported by a Personal Guaranty executed by Thomas D. Barnett and Georgia C. Barnett, husband and wife. The Guaranty covers the tenant's obligations under the Lease and expressly provides that it may be assigned by the Lessor. The complete Personal Guaranty will be made available to prospective purchasers for review as part of their due diligence. BUILT-IN INCOME GROWTH The Lease provides for 10% increases in base rent every five years, creating scheduled income growth throughout the remaining lease term. Current contractual base rent is $121,000.08 annually, representing an approximate 5.15% CAP rate based upon the $2,350,000 offering price. Based upon the existing Lease escalation provision, base rent is projected to increase in March 2030 to approximately $11,091.67 per month, or $133,100 annually, representing an approximate 5.66% yield on the original $2,350,000 acquisition price. CURRENT RENT & PAYMENT BREAKDOWN The current contractual base rent is $10,083.34 per month. The tenant is currently remitting $10,426.17 per month, consisting of: Contractual Base Rent: $10,083.34 per month Additional Monthly Payment: $342.83 per month Total Current Monthly Payment: $10,426.17 per month The additional $342.83 monthly payment equals approximately 3.40% of the current contractual base rent. The nature and continuation of this additional payment should be independently verified from landlord and tenant payment records. The additional $342.83 monthly payment has not been included in the advertised 5.15% CAP rate. *Current tenant payment includes contractual base rent plus the $342.83 additional monthly payment. INVESTMENT OVERVIEW This offering combines a NNN Lease structure, long-term occupancy, scheduled contractual rent increases, extensive tenant expense and maintenance responsibilities, multiple long-term renewal options, and a Personal Guaranty supporting the tenant's obligations under the Lease. With the current Lease extending through December 2039, the property offers an investor more than a decade of remaining contractual term together with predetermined rental growth. The 10% base rent increases every five years provide scheduled income growth without relying solely upon future market-rent appreciation. Under the NNN Lease structure, the tenant is responsible for real estate taxes, insurance, utilities, operating costs, and extensive property maintenance and repair obligations, including roof and structural maintenance, as provided under the Lease. PROPERTY SALE & CONFIDENTIALITY NOTICE The offering is for the real estate only, including the land, building, improvements, and the seller's interest as landlord under the existing Lease, which will be assigned to the purchaser at closing. The Burger King franchise and restaurant operating business are not included in the sale. Prospective purchasers, brokers, and their representatives are asked not to approach or communicate with restaurant managers, employees, customers, or other restaurant personnel regarding the offering or potential sale, as such communication could unnecessarily disrupt operations or create concern among employees. All inquiries, property access, and requests for additional information should be directed exclusively through the listing brokers. MARKETING DISCLAIMER The foregoing information is provided for marketing and informational purposes only and is subject to independent verification. This marketing material is intended as a summary of certain provisions of the Lease and related documents and is not intended to replace, amend, interpret, or modify those documents. Prospective purchasers should independently review and verify the complete Lease, Personal Guaranty, amendments and related lease documents, rental amounts, additional charges, tenant obligations, renewal options, financial and payment records, title information, property information, and all other due-diligence materials before making an investment decision. In the event of any discrepancy, the applicable executed documents shall control.

8425 W Thunderbird Road, Peoria

28500 N 127th Lane, Peoria
$485,000
2 Beds ⋅ 2 Baths ⋅ 7102740 MLS ⋅ 1,438 SqFt.
OWNED SOLAR, FULLY FURNISHED, EXTENDED GARAGE and NO NEIGHBORS DIRECTLY BEHIND! This inviting single-story home in Trilogy at Vistancia combines comfortable indoor-outdoor living with a FULLY FENCED YARD and convenient location near the Kiva Club and V's Taproom. USED ONLY PART TIME, the home has experienced very little wear and tear. The bright, OPEN-CONCEPT DESIGN brings the kitchen, great room and dining area together, with expansive windows framing backyard views. The kitchen features rich staggered cabinetry, stainless steel appliances, a decorative tiled backsplash, pendant lighting and a generous ISLAND WITH BREAKFAST BAR SEATING. Wood-look tiled flooring flows throughout the main living areas, and a separate built-in beverage station adds cabinetry and serving space for entertaining. The spacious primary suite overlooks the backyard and includes dual sinks, a beautifully TILED WALK-IN SHOWER and a walk-in closet with BUILT-IN ORGANIZERS. A guest bedroom with wood shutters and a laundry room with cabinetry and a utility sink add comfort and convenience. Enjoy a PRIVATE BACKYARD RETREAT with BLOCK FENCING, no neighbors directly behind, a covered patio, EXTENDED PAVERED SEATING AREAS, ARTIFICIAL TURF and mature landscaping. Offered fully furnished, this home makes it easy to settle in and start enjoying the Trilogy lifestyle. Welcome to the active adult community of Trilogy at Vistancia where you will find outstanding amenities, including 2 clubhouses, pickleball, tennis, bocce ball, fitness centers, swimming & golf, just to name a few!

28500 N 127th Lane, Peoria

13320 W Paso Trail, Peoria
$549,900
4 Beds ⋅ 2 Baths ⋅ 7102259 MLS ⋅ 1,803 SqFt.
Stylish interiors, thoughtful upgrades & a backyard built for Arizona living make this 4-bed / 2-bath home stand out! Stone accents, low-maintenance landscaping, a new iron security door & a paver driveway leading to the 3-car garage create an inviting first impression. Inside, the open floor plan features light wood-look flooring, recessed lighting & a soft neutral palette. The kitchen pairs rich wood cabinetry with crown molding, white quartz countertops, stainless steel appliances, a gas range, a new dishwasher & a pantry. A generous island with breakfast bar seating connects the kitchen to the dining & living areas, while wide sliding glass doors frame backyard views & extend the entertaining space outdoors. New power shades add comfort & convenience. The primary suite offers a striking accent wall, walk-in closet & a sliding barn door opening to the private bath with dual sinks & a glass-enclosed shower. Three additional bedrooms provide flexibility for guests, work or hobbies. A water softener & an under-sink reverse osmosis system connected to the refrigerator add everyday convenience. The garage features a mini-split AC system & added overhead insulation, while sun shades offer additional shade & comfort. Step outside to your own backyard retreat, featuring a sparkling saltwater pool with a self-cleaning system, spacious Baja shelf & pool fence. A covered patio, artificial turf & multiple lounging areas create an inviting setting for morning coffee, weekend gatherings & relaxing poolside. With stylish finishes, practical upgrades & exceptional outdoor living, this home is ready to enjoy!

13320 W Paso Trail, Peoria

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