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Recent 5-Year Lease Extension: The tenant recently exercised a 5-year lease renewal option, reaffirming its long-term commitment to the location and extending the lease term.
Established Multi-Unit Operator: The tenant operates multiple locations throughout the Phoenix MSA, demonstrating an established regional presence and operational experience.
Attractive Rent Growth: The lease structure includes 3% annual rent escalations, providing consistent income growth and a strong hedge against inflation.
Limited Landlord Responsibilities: The tenant is responsible for maintaining the premises and covering all operating expenses, along with CAM for the Shopping Center, with the landlord responsible only for the structure.
High-Traffic Intersection: The property is located at the signalized intersection of 59th Avenue and Indian School Road, which experiences approximately ±80,000 vehicles per day, supporting strong consumer exposure.
Densely Populated Trade Area: The surrounding trade area includes approximately 219,026 residents within a 3-mile radius and 469,714 residents within a 5-mile radius, providing a substantial and established customer base.

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