Turnkey Corner Restaurant
1823 West Broadway Road Mesa, AZ 85202
1823 West Broadway Road, Mesa, AZ, 85202
Contact for pricing
For Sale
Contact for pricing
Turnkey restaurant suite with a fully equipped commercial kitchen in an active corner location.
Property Size2,037 SF
Price / SF$122.73
Days on Market86
Property Features for 1823 West Broadway Road
General Information
- Standard status
- Active
- Size
- 2,037 SF
- Property subtype
- Retail, Business for Sale
Listing agency
West USA Realty
Listed by
Sabrina Woodhall · License #SA699589000
Source
Crexi
Added: Apr 28 Updated: Jul 21 at 6:42PM Checked: Jul 21 at 6:42PM
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 West USA Realty
Investment Insights
Based on property information with market context.
This turnkey restaurant acquisition includes a clean, modern dining environment and a comprehensive, fully equipped commercial kitchen designed for high-volume service. The space is currently operating as a noodle franchise, offering an investor or operator a streamlined path into an active, revenue-generating concept.
The restaurant is positioned at a bustling intersection on a corner in Mesa’s Asian dining corridor, supporting visibility and consistent walk-in demand from a high-traffic retail area.
For buyers evaluating a concept change, the existing buildout can also support introducing a different bespoke culinary concept without starting from the ground up.
The restaurant is positioned at a bustling intersection on a corner in Mesa’s Asian dining corridor, supporting visibility and consistent walk-in demand from a high-traffic retail area.
For buyers evaluating a concept change, the existing buildout can also support introducing a different bespoke culinary concept without starting from the ground up.
Key Highlights
- Turnkey restaurant suite with a fully equipped commercial kitchen
- Currently operating as a globally recognized noodle franchise
- Built‑out, clean and modern dining environment with a minimalist aesthetic
Local 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 | $27.6k | $13.56 |
| − Vacancy | −$1.9k | −$0.91 |
| EGI | $25.8k | $12.65 |
| − OpEx | −$6.4k | −$3.16 |
| NOI | $19.3k | $9.49 |
2,037 SF · lease $13.56/SF/yr · vacancy 6.70% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$276.1K
$241.6K – $322.1K
NOI $19,328 @ 7.0% cap · market cap 7.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$558.4K
$488.6K – $651.4K
NOI $39,085 @ 7.0% cap · market cap 15.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Turnkey restaurant suite with a fully equipped commercial kitchen in an active corner location.
Where is this conventional restaurant located?
The property is located at 1823 West Broadway Road Mesa, AZ.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Turnkey restaurant suite with a fully equipped commercial kitchen; Currently operating as a globally recognized noodle franchise; Built‑out, clean and modern dining environment with a minimalist aesthetic
