NutritionOne Seller Leaseback
NEC 15th Ave and Van Buren St | 1402 W Van Buren St, Phoenix, AZ 85007
INVESTMENT HIGHLIGHTS:
ABSOLUTE NNN LEASE
NutritionOne operates under an absolute triple-net (NNN) lease, ensuring no landlord responsibilities.
LONG-TERM STABILITY
7-year lease term commencing upon close of escrow.
STRONG RENTAL INCREASES
3% annual rent increases throughout the term of the lease provide for a hedge against inflation.
STRATEGIC LOCATION
Positioned in proximity to the I-10 and I-17.
SPACIOUS LOT & BUILDING
The property includes 5,937 SF of building space on a 25,840 SF lot, providing ample parking and accessibility.
HIGH-QUALITY TENANT
NutritionOne is the largest private food caterer of school meals in the state of Arizona catering to over 72 schools across Phoenix, Tucson, Yuma, San Luis, and Lake Havasu .
Value – ADD Opportunity
The lease includes no renewal options, allowing the investor full control of the property at lease expiration in 7 years. This opens the door for re-leasing at market rates, strategic tenant repositioning, or redevelopment potential in a high-traffic Phoenix corridor close to downtown.
