20987 John Wayne PkwyMaricopa, AZ 85138

Property Details for 20987 John Wayne Pkwy

Year built

2006

Property size (Sq ft)

1,300 SF

Property type

Other commercial real estate

Property subtype

Investment properties

Description

Exceptional opportunity to acquire a thriving Mediterranean/Middle Eastern quick-serve restaurant in Maricopa, Arizona. This Class A, 1,300 square foot establishment, built in 2006 and renovated in 2007, is located within a major shopping center and boasts impressive financials. Generating over $925,000 in gross annual sales and a net income exceeding $300,000 (2023), this business presents a significant return on investment with a 42.86% cap rate. The current lease extends until 2030 at a monthly rent of $3,500. Situated on a single story building within a four-building complex, this property is zoned GR and offers substantial growth potential. The current owner is not utilizing delivery services, representing a significant untapped revenue stream. The seller is willing to provide training to ensure a smooth transition for the new owner. This is a turnkey operation with a proven track record, ready for immediate success. The asking price is $700,000. Don't miss this chance to own a high-performing, established business with significant upside.

Location Insight

City

Maricopa

County

Pinal

State

Arizona

Latitude

33.0691

Longitude

-112.044

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