3225 W Peoria Ave - Restaurant FOR SALE


Phoenix, AZ 85029- Metrocenter
$3,333,000 USD
602-687-6780
3225 W Peoria Ave, Phoenix, AZ for Sale
$3,333,000 USD
Restaurant - FOR SALE
1/5
null | 5.4% Cap Rate

3225 W Peoria Ave
Phoenix, AZ 85029
Metrocenter


HIGHLIGHTS

  • Double-Net (NN) Lease with Approximately 14 Years Remaining on Lease Term
  • Under 1 Mile Away from planned $850 Million Metrocenter Mall Redevelopment
  • Visibile to Over 95,000 Cars Per Day via W Peoria Ave
  • 10% Rental Increases Every 5 Years
  • Nearby Tenants include Chick-Fil-A, Starbucks, Ross Stores, PetSmart, Burlington, and many others

OVERVIEW

In 2004, two friends with a passion for exploring and eating opened the first Café Zupas in Provo, Utah. Today, more than 55 restaurants across ten states follow the same recipe for success: real meals, crafted from scratch. Cafe Zupas relies on their 647 employees to help carry out their vision. The Phoenix metro consists of Maricopa and Pinal counties, and includes more than 30 incorporated and more than 30 unincorporated towns and cities. As of 2020, Metro Phoenix had 4.8 million residents, making it the nation’s 11thlargest metropolitan area.

FOR SALE DETAILS

PRICE

$3,333,000 USD

PRICE/SF

$926 USD /SF

CAP RATE

5.4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cafe Zupas

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.79 AC

LAND SF

34,412 SF

ZONING

C-2

APN/PARCEL ID

149-15-400

ASK ABOUT THIS PROPERTY

Christopher LindMarcus & MillichapMore Info
602-687-6780

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Christopher LindMarcus & MillichapMore Info
602-687-6780

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.