Turnkey Restaurant
1381 N Alma School Rd Chandler, AZ
For Sale
Contact for pricing
Multi-suite property with established and vacant restaurant spaces.
Property Size8,610 SF
Lot Size0.29 Acres
Price / SF$278.75
Days on Market423
Property Features for 1381 N Alma School Rd
General Information
Standard status
Active
Size
8,610 SF
Lot size
0.29 Acres
Property subtype
RETAIL
Listing Agency:
Kidder Mathews | Phoenix
(760) 861-1100
Listed By:
Tim Hurley · License #SA665984000
(760) 861-1100
Source:
Moodyscre
Added: Jun 2, 2025
Changed: Jul 6
Last Checked: Jul 21 at 3:10AM
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 Kidder Mathews | Phoenix
Investment Insights
Based on property information with market context.
This multi-suite property presents a turnkey restaurant opportunity. The property includes a space currently occupied by Saigon Pho & Seafood, with the business value included in the sale. An adjacent restaurant space is currently vacant. The property's total size is 8610 square feet.
Key Highlights
- Turnkey restaurant opportunity
- Includes operating Saigon Pho & Seafood business
- Multi‑suite property
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $165.3k | $19.20 |
| − Vacancy | −$10.7k | −$1.25 |
| EGI | $154.6k | $17.95 |
| − OpEx | −$38.6k | −$4.49 |
| NOI | $115.9k | $13.46 |
8,610 SF · lease $19.20/SF/yr · vacancy 6.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.66M
$1.45M – $1.93M
NOI $115,925 @ 7.0% cap · market cap 4.83%
Second Best
Retail
$1.44M
$1.26M – $1.68M
NOI $100,675 @ 7.0% cap · market cap 4.19%
Theoretical Best
Office A
$2.47M
$2.16M – $2.88M
NOI $172,751 @ 7.0% cap · market cap 7.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Big Jake's Dogs & Catering — Ray Rd &, N Alma School Rd, Chandler, AZ 85225
- AZ FoodTrucking — 1287 N Alma School Rd, Chandler, AZ 85224
- elite — 1739 W Gary Dr, Chandler, AZ 85224
Frequently Asked Questions
What type of property is this?
Restaurant - Multi-suite property with established and vacant restaurant spaces.
Where is this restaurant located?
The property is located at 1381 N Alma School Rd Chandler, AZ.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Turnkey restaurant opportunity; Includes operating Saigon Pho & Seafood business; Multi‑suite property
