Restaurant with Walk-In
New
For Sale
$120,000
2495 E Riggs Rd, Gilbert, AZ 85298
A three-year lease is in place, with the possibility of renewal for an additional five years.
Property SizeContact for details
Days on Market5
Property Features for 2495 E Riggs Rd
General Information
Standard status
Active
Property subtype
Business Opportunity
Additional Details
Tenant in Place
Yes
Listing Agency:
The Housing Professionals
(480) 818-5747
Listed By:
Alice Ying Lin · License #SA639353000
(480) 862-4068
Source:
Exprealty
Added: Oct 22
Changed: Oct 25
Last Checked: Oct 24 at 2:47PM
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 The Housing Professionals
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This restaurant property includes a walk-in cooler and two new AC units. A tenant occupies the space under a lease with three years remaining and the possibility of a five-year renewal.
The restaurant occupies a corner lot across from a gas station and near an Albertson grocery store. Showings are limited to drive-by viewing; the listing agent can arrange access to the kitchen.
The restaurant occupies a corner lot across from a gas station and near an Albertson grocery store. Showings are limited to drive-by viewing; the listing agent can arrange access to the kitchen.
Key Highlights
- Walk‑in cooler and 2 new AC units
- Three years remaining on the lease, with renewal for 5 additional years available
- Corner‑lot location across from a gas station and near an Albertson grocery store
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
88
Businesses Nearby
925
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
SmartStop Self Storage
Shops & Services
925 visits/mo
0.4 miles
Demographics for 85298, AZ
41,816
Population
14,308
Households
2.9
Avg Household Size
39
Median Age
51%
College-Educated
98%
High-School Grad
15.7 sq mi
ZIP Area
2,663
Density / Sq Mi
$146,688
Median Household Income
$70,943
Median Earnings
$2,525
Median Rent
$598,300
Median Home Value
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - A three-year lease is in place, with the possibility of renewal for an additional five years.
Where is this conventional restaurant located?
The property is located at 2495 E Riggs Rd Gilbert, AZ.
What is the asking price?
The asking price for this property is $120,000.
What are key features of this property?
This property features: Walk‑in cooler and 2 new AC units; Three years remaining on the lease, with renewal for 5 additional years available; Corner‑lot location across from a gas station and near an Albertson grocery store
