8425 W THUNDERBIRD Road Peoria, AZ $ 2,350,000
8425 W THUNDERBIRD Road
$ 2,350,000
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8425 W THUNDERBIRD Road

Peoria, AZ, 85381
$ 2,350,000
Bedrooms-- Baths-- Sq 3,614

Monthly Estimate*

$ 16,231

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Commercial Property for sale in Peoria, AZ

for $2,350,000. This 3,614 square foot building was built in 2001 on a lot size of 0.92.

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.

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Commercial Active

Price

$ 2,350,000

Property Type

Commercial

Taxes

$ 18,556

Style

Comm/Industry Sale

Lot Size

0.92

Year Built

2001

Town/City

Peoria

County/Region

Maricopa

MLS | Web ID

7103518

Features
General
Sewer Public Sewer
Heating Forced Air Heat Pump Electric Natural Gas
Cooling Heat Pump
Roof Built-Up
Zoning C-2
Construction Materials Wood Frame Stucco Block
Year Built 2001
Electric APS
Township 3N
Tax Year 2025
Ownership Fee Simple Fee Simple
Gross Income 121000.0
Business Type Food Service Fast Food Restaurant
County Maricopa
Net Operating Income 121000.0
New Construction N
Property Type Comm/Industry Sale
Attached Garage N
Subdivision Name THUNDERBIRD CROSSING
Building Features Accessible Entrance Kitchen
Status Active
Directions From Loop 101 exit at Thunderbird Road and travel east approximately one block to the property. Alternatively from the intersection of 83rd Avenue and Thunderbird Road travel west approximately one b
City Peoria
Disclosures ALTA Survey Availbl
Open Parking Spaces 35.0
Lot Size Units Square Feet
Lot Size Square Feet 40074.0
Carport Y/N N
Tax Annual Amount 18556.0
Lease Renewal Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Structure Type Commercial
Standard Status Active
Occupancy Type Tenant
Tax Lot 2
Cap Rate 5.15
Senior Community N
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Interior
Flooring Tile Ceramic Tile
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
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Exterior
Fencing None
Parking Features Parking Lot Paved
Water Source City Franchise Individual Meter
Total Parking 35.0
Lot Size Area 40074.0
Number of Buildings 1
Spa N
Building Area Total 3614.0
Lot Size Acres 0.92
Covered Spaces 0.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 8425
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* Excluded Features
List By
L.A. Fisher Real Estate Investment Company

Broker

lee@lafisher.com

Email

Affordability Calculator

$17,777
Per Month
91%
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0%
Monthly Principal & Interest
$16,231
Monthly Property Taxes
$1,546
Monthly Home Insurance
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Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
260072 Elementary School
263420 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/6/2026$2,350,000 Listed Price

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8425 W THUNDERBIRD Road, Peoria, AZ, 85381 is a Commercial Property for sale at $2,350,000 with 3,614 sqft and a lot size of 0.92. 8425 W THUNDERBIRD Road was built in 2001. The property's zip code is 85381 which is in Peoria, AZ