For Sale
$898,700

16729 Palisades BlvdFountain Hills, AZ 85268

Prime Fountain Hills Restaurant, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a thriving 4,180 square foot restaurant located at 16729 E Palisades Blvd, Fountain Hills, Arizona, 85268. The property, built in 2012, boasts a strong 5.16% cap rate and a substantial net operating income (NOI) of $46,378.76, reflecting a 100% occupancy rate. The single-story building sits on a 6,000 square foot lot and is zoned C-C, allowing for continued restaurant operations or potential redevelopment within the permitted zoning. The property features attractive architectural details including high ceilings and large windows, creating a bright and inviting atmosphere. An open floor plan provides flexibility for various restaurant configurations. Ample parking is available, with 8.37 spaces per 1,000 square feet, ensuring convenient access for patrons. This owner/user investment opportunity is situated in a prime location within the heart of Fountain Hills, offering excellent visibility and accessibility. The property's strong financial performance, desirable location, and versatile layout make it an ideal acquisition for both seasoned investors and owner-operators seeking a profitable and established business. The property's APN is 176-05-179. This is a modified lease, multi-tenancy property classified as Class C retail.

Property Details for 16729 Palisades Blvd

Property type
Retail properties, Restaurants
Square Feet
4,180 SF
Class
C
Year Built
2012
Stories
1

Location Insight

City
Fountain Hills
County
Maricopa
State
Arizona
Latitude
33.6080862
Longitude
-111.7193123
16729 Palisades Blvd, Fountain Hills, Arizona

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16729 Palisades Blvd
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