Freestanding Restaurant with Outdoor
For Sale
$800,000
16758 E GLENBROOK Boulevard, Fountain Hills, AZ 85268
The property includes C 1 zoning, a Series 12 Liquor License, and on-site parking.
Property Size2,781 SF
Price / SF$228.57
Days on Market331
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Property Features for 16758 E GLENBROOK Boulevard
General Information
Standard status
Active
Size
2,781 SF
Property subtype
COMMERCIAL
Restaurant
Patio
Yes
Liquor License
Yes
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$2,180
Building Details
Building Size
2,781 SF
Year Built
1987
Buildings
1
Listing Agency:
HomeSmart
Listed By:
Tommy Morano · License #SA511027000
(602) 292-0773
Source:
Jcluxuryresidential
Added: Nov 18, 2025
Changed: Oct 7
Last Checked: Oct 15 at 5:49AM
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 HomeSmart
Investment Insights
Based on property information with market context.
This freestanding restaurant property includes approximately 3,500 square feet of building area, an outdoor patio, and on-site parking for customers and staff. The improvements are configured for restaurant and bar operations, with a Series 12 Liquor License included in the offering. Built in 1987, the property provides an established commercial setting for food-and-beverage use.
The property is located at 16758 E Glenbrook Boulevard in Fountain Hills, Arizona. C 1 zoning is in place, and the combination of indoor dining space, outdoor seating, liquor licensing, and parking supports a range of restaurant concepts within the existing format.
The property is located at 16758 E Glenbrook Boulevard in Fountain Hills, Arizona. C 1 zoning is in place, and the combination of indoor dining space, outdoor seating, liquor licensing, and parking supports a range of restaurant concepts within the existing format.
Key Highlights
- Approximately 3,500 square feet of freestanding restaurant and bar space
- Outdoor patio provides additional dining area
- Series 12 Liquor License included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,905
Cap Rate
7.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,178,100
$1.2M
Cap Rate 7%
$841,500
$841.5K
Cap Rate 9%
$654,500
$654.5K
Market Conditions
NOI Build-Up for 3,500 SF
Gross rent
$84.0K $24.00/SF
− Vacancy
−$5.5K −$1.56/SF
EGI
$78.5K $22.44/SF
− OpEx
−$19.6K −$5.61/SF
NOI
$58.9K $16.83/SF
Area
Maricopa County, AZ
Vacancy
6.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,178,100
Cap Rate 7%
$841,500
Cap Rate 9%
$654,500
Alternative Uses
Best Use
Specialty Retail
$841.5K
$736.3K – $981.8K
NOI $58,905 @ 7.0% cap · market cap 7.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.08M
$947.3K – $1.26M
NOI $75,785 @ 7.0% cap · market cap 9.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
147
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85268, AZ
24,031
Population
13,429
Households
1.8
Avg Household Size
61
Median Age
50%
College-Educated
97%
High-School Grad
20.5 sq mi
ZIP Area
1,172
Density / Sq Mi
$105,288
Median Household Income
$55,054
Median Earnings
$1,781
Median Rent
$576,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The property includes C 1 zoning, a Series 12 Liquor License, and on-site parking.
Where is this conventional restaurant located?
The property is located at 16758 E GLENBROOK Boulevard Fountain Hills, AZ.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Approximately 3,500 square feet of freestanding restaurant and bar space; Outdoor patio provides additional dining area; Series 12 Liquor License included
