Turnkey Restaurant in El
For Sale
Contact for pricing
11709 W Thunderbird Rd, El Mirage, AZ 85335
Freestanding, fully equipped restaurant in a high-traffic location.
Property Size1,686 SF
Lot Size0.12 Acres
Price / SF$251.97
Days on Market150
Property Features for 11709 W Thunderbird Rd
General Information
Standard status
Active
Size
1,686 SF
Lot size
0.12 Acres
Property subtype
Retail
Zoning
CC
Building Details
Year Built
1981
Stories
1
Listing Agency:
Arizona International Real Estate
(602) 478-3711
Listed By:
Adam Lewis · License #AZSA705779000
Source:
Crexi
Added: Mar 16
Changed: Aug 8
Last Checked: Aug 9 at 3:16PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Arizona International Real Estate
Investment Insights
Based on property information with market context.
The property at 11709 W Thunderbird Rd, El Mirage, AZ 85335 is a 1,686 SF freestanding building on 0.12 acres. It is located in the El Mirage/Sun City trade corridor. The property is a turnkey restaurant setup, including a hood system, grease trap, and reach-in cooler/freezer infrastructure. The property has approximately 70 feet of Grand Avenue frontage and high traffic exposure of 50,000-60,000 vehicles per day. The property is located in a bustling area with a population exceeding 96,000 and household growth projections exceeding 8% over the next five years. It is offered at an accessible price for the real estate only, with owner carry available subject to negotiation. It is ideal for first-time restaurateurs or strategic investors.
Key Highlights
- High‑traffic location with 50,000‑60,000 vehicles per day and approximately 70 feet of Grand Avenue frontage.
- Fully equipped restaurant setup including hood system, grease trap, and reach‑in cooler/freezer infrastructure.
- Freestanding 1,686 SF building on 0.12 acres in the El Mirage/Sun City trade corridor.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,258
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.00%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$425,160
$425.2K
Cap Rate 7%
$303,686
$303.7K
Cap Rate 9%
$236,200
$236.2K
Market Conditions
NOI Build-Up for 1,686 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$32.0K $18.96/SF
− Vacancy
−$1.6K −$0.95/SF
EGI
$30.4K $18.01/SF
− OpEx
−$9.1K −$5.40/SF
NOI
$21.3K $12.61/SF
Area
Maricopa County, AZ
Vacancy
5.00%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$425,160
Cap Rate 7%
$303,686
Cap Rate 9%
$236,200
Alternative Uses
Best Use
Retail
$303.7K
$265.7K – $354.3K
NOI $21,258 @ 7.0% cap · market cap 5.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$521.5K
$456.3K – $608.5K
NOI $36,507 @ 7.0% cap · market cap 8.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
360
Businesses Nearby
11k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 84%
Dining 9%
Electronics 7%
Family Dollar
Shops & Services
7,192 visits/mo
0.4 miles
Freeway Insurance Services
Shops & Services
2,218 visits/mo
0.2 miles
La Bamba
Dining
1,017 visits/mo
0.4 miles
Boost Mobile
Electronics
833 visits/mo
0.3 miles
Demographics for 85335, AZ
35,815
Population
11,896
Households
3
Avg Household Size
30
Median Age
15%
College-Educated
81%
High-School Grad
12.0 sq mi
ZIP Area
2,985
Density / Sq Mi
$74,764
Median Household Income
$37,838
Median Earnings
$1,682
Median Rent
$282,000
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Freestanding, fully equipped restaurant in a high-traffic location.
Where is this retail space located?
The property is located at 11709 W Thunderbird Rd El Mirage, AZ.
What is the asking price?
The asking price for this property is $424,827.
What are key features of this property?
This property features: High‑traffic location with 50,000‑60,000 vehicles per day and approximately 70 feet of Grand Avenue frontage.; Fully equipped restaurant setup including hood system, grease trap, and reach‑in cooler/freezer infrastructure.; Freestanding 1,686 SF building on 0.12 acres in the El Mirage/Sun City trade corridor.
