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    1545 W Elliot Rd Gilbert, AZ 85234

    For Sale
    $3,125,000

    NNN leased retail property in growing Gilbert trade area.

    Property size:
    1,275 SF
    Lot size:
    0.76 Acres

    Property Features for 1545 W Elliot Rd

    General Information

    Size
    1,275 SF
    Lot size
    0.76 Acres

    Source: Marcus & Millichap | Phoenix Agent Chris Lind

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Gilbert Retail NNN Investment Opportunity

    This retail property benefits from an absolute triple-net (NNN) lease with 19 years remaining. The tenant is a multi-unit franchisee operating 7 locations throughout the Phoenix MSA. The property is located within The Islands master-planned community, which consists of 2,633 single-family homes. The surrounding area has a high population density, with 408,824 residents within a 5-mile radius. The average household income in the immediate area exceeds $149,000. The property is currently occupied by Andy's, which operates over 150 locations across 15 states. The property has a size of 1,275 square feet and is located at 1545 W Elliot Rd, Gilbert, AZ.
    Insight Report Location Intelligence

    Current Use by Public Records

    Andy's Frozen Custard Ice Cream Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gilbert
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.822948
    Latitude
    33.3493149

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    FAQs

    What type of property is this?
    Storefront property - NNN leased retail property in growing Gilbert trade area.
    Where is this storefront property located?
    The property is located at 1545 W Elliot Rd Gilbert, AZ.
    What is the asking price?
    The asking price for this property is $3,125,000.
    What are key features of this property?
    This property features: - Absolute Triple-Net (NNN) Lease with **19 Years Remaining**; - High Average Household Income (Exceeds $149,000) in Immediate Area; - Located within The Islands Master-Planned Community (2,633 Single-Family Homes)
    (602) 370-9255
    Request Owner's contact information
    1545 W Elliot Rd Gilbert, AZ 85234
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    Gilbert, AZ 85234
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1545 W Elliot Rd Gilbert, AZ 85234
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