Former Wendy's
For Sale
Contact for pricing
2050 East Cesar Chavez Boulevard, San Luis, AZ 85349
Former Wendy's restaurant situated at a signalized intersection on E. Cesar Chavez Boulevard in San Luis, Arizona.
Property Size2,490 SF
Price / SF$983.94
Days on Market80
Property Features for 2050 East Cesar Chavez Boulevard
General Information
Standard status
Active
Size
2,490 SF
Property subtype
Retail
Zoning
C-2
Lease Type
NNN
Investment Type
Owner/User
Listing Agency:
A.T. Pancrazi Real Estate Services Inc
Listed By:
Chase Pancrazi · License #SA711630000
(928) 246-7949
Source:
Crexi
Added: Jun 18
Changed: Aug 14
Last Checked: Sep 3 at 7:37AM
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 A.T. Pancrazi Real Estate Services Inc
Investment Insights
Based on property information with market context.
This former Wendy’s restaurant offers a ready-made commercial building configuration for food service or compatible retail uses. The property size is listed at 2,490 square feet, and it is positioned to take advantage of its storefront presence.
Located at the signalized intersection of E. Cesar Chavez Boulevard in San Luis, Arizona, the site benefits from strong visibility and straightforward accessibility within a primary commercial corridor. The property is surrounded by established retail, medical, and service-oriented businesses, and it is near the San Luis Port of Entry and major community amenities.
Given the existing restaurant building and prominent intersection frontage, the asset may fit operators or retailers seeking a recognizable presence in a border-community retail environment.
Located at the signalized intersection of E. Cesar Chavez Boulevard in San Luis, Arizona, the site benefits from strong visibility and straightforward accessibility within a primary commercial corridor. The property is surrounded by established retail, medical, and service-oriented businesses, and it is near the San Luis Port of Entry and major community amenities.
Given the existing restaurant building and prominent intersection frontage, the asset may fit operators or retailers seeking a recognizable presence in a border-community retail environment.
Key Highlights
- Former Wendy's restaurant at a signalized intersection on E. Cesar Chavez Boulevard in San Luis, AZ
- Located on E. Cesar Chavez Boulevard within a primary commercial corridor
- Surrounded by established retail, medical, and service‑oriented businesses
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
$89,525
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
3.65%
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%
$1,790,500
$1.8M
Cap Rate 7%
$1,278,929
$1.3M
Cap Rate 9%
$994,722
$994.7K
Market Conditions
NOI Build-Up for 2,490 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
$124.6K $50.04/SF
− Vacancy
−$5.2K −$2.10/SF
EGI
$119.4K $47.94/SF
− OpEx
−$29.8K −$11.98/SF
NOI
$89.5K $35.95/SF
Area
Yuma County, AZ
Vacancy
4.20%
Lease Rate
$50.04 /SF/Yr
Expense Ratio
25.00%
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%
$1,790,500
Cap Rate 7%
$1,278,929
Cap Rate 9%
$994,722
Alternative Uses
Best Use
Specialty Retail
$1.28M
$1.12M – $1.49M
NOI $89,525 @ 7.0% cap · market cap 3.65%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
437
Businesses Nearby
Explore this area
Business Placement
Demographics for 85349, AZ
28,039
Population
6,907
Households
4.1
Avg Household Size
32
Median Age
8%
College-Educated
54%
High-School Grad
22.6 sq mi
ZIP Area
1,241
Density / Sq Mi
$55,717
Median Household Income
$25,668
Median Earnings
$698
Median Rent
$196,800
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Former Wendy's restaurant situated at a signalized intersection on E. Cesar Chavez Boulevard in San Luis, Arizona.
Where is this conventional restaurant located?
The property is located at 2050 East Cesar Chavez Boulevard San Luis, AZ.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: Former Wendy's restaurant at a signalized intersection on E. Cesar Chavez Boulevard in San Luis, AZ; Located on E. Cesar Chavez Boulevard within a primary commercial corridor; Surrounded by established retail, medical, and service‑oriented businesses
