7000 Main StMesa, AZ 85207

Property Details for 7000 Main St

Year built

1977

Construction

CONCRETE

Lot size

1.15 AC

Property size (Sq ft)

6,598 SF

Zone code

C-G

Property type

Retail properties

Property subtype

Turn key restaurants

APN

218-13-001K

APU

21813001K

Description

This exceptional investment opportunity presents a 6,598 square foot restaurant located at 7000 E. Main St, Mesa, Arizona, in Maricopa County (APN 218-13-001K). The property boasts a strong 7.00% cap rate and approximately 4.5 years remaining on the current lease, expiring December 31st, 2028. Priced at $2,266,415 ($343.44/sq ft), this retail property sits on a 1.1-acre lot and includes 63 parking spaces. Key features include prominent Main Street frontage, a large independent monument sign, a front patio, and an enclosed back patio. The interior offers two large multi-stall restrooms, multiple walk-in coolers, and dedicated food preparation areas. This well-positioned, leased restaurant presents a compelling investment opportunity with significant upside potential. The property's excellent location and strong tenant lease provide a secure and profitable investment for discerning buyers. This is a turnkey operation with established infrastructure and a proven track record. Don't miss this chance to acquire a high-performing asset in a thriving market.

• CAP approach

  CAP return

  Valuation

  6%

  $3,074,718

  6.5%

  $2,838,201

  7%

  $2,635,472

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,750,710

  Geo Method

  $3,750,710

• Alternative Use

  Use

  Valuation

  Residential

  $2,394,129

  Hospitality

  $2,193,009

  Educational

  $1,824,558

  Medical

  $1,887,307

  Retail

  $2,838,201

Location Insight

City

Mesa

County

Maricopa

State

Arizona

Latitude

33.4162

Longitude

-111.68

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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].