For Sale
$1,300,000

8495 Grand AvePeoria, AZ 85345

Prime Peoria location, owner-user opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment or owner-user opportunity presents a 4,412 square foot restaurant with a drive-thru, situated on a 0.8-acre lot in Peoria, Arizona. The property, located at 8495 W Grand Ave, boasts a prominent Grand Avenue frontage and benefits from a C-3 zoning designation. The asking price is $1,300,000, translating to $294.65 per square foot. The property includes two buildings and is currently operating under a NNN lease, expiring December 31, 2024, with a remaining lease term of approximately one-tenth of a year. Rent increases are structured with a 4% bump annually on January 1st. The property's location offers significant advantages, with close proximity to key attractions including the Seattle Mariners Spring Training Stadium (3 miles), State Farm Cardinals Stadium (5 miles), and Sky Harbor International Airport (17 miles). This presents a unique chance to acquire a well-positioned restaurant property in a thriving area of Peoria, ideal for both investment and owner-user scenarios. The Assessor's Parcel Number (APN) is 142-42-042M. This is a single-tenancy property.

Highlights

  • Investment or owner-user opportunity.
  • 4,412 SF restaurant with drive-thru on 0.8-acre lot.
  • Prominent Grand Avenue frontage in Peoria, AZ.
  • $1,300,000 asking price ($294.65/SF).
  • NNN lease expiring December 31, 2024, with 4% annual rent increases.

Property Details for 8495 Grand Ave

Property type
Retail properties, Restaurants
Square Feet
4,412 SF
Buildings
2
Lot Size (sq. ft)
34,848 SF

Location Insight

City
Peoria
County
Maricopa
State
Arizona
Latitude
33.5788988
Longitude
-112.2350003
8495 Grand Ave, Peoria, Arizona

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
8495 Grand Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message