Drive-Through Restaurant with NNN
For Sale
$2,833,333
3510 W Peoria Ave, Phoenix, AZ 85029
Hard-corner restaurant property with long-term NNN lease and access to a heavily traveled northwest Phoenix corridor.
Property Size2,200 SF
Price / SF$1,287
Days on Market44
Property Features for 3510 W Peoria Ave
General Information
Standard status
Active
Size
2,200 SF
Property subtype
Restaurant
Lease Type
NNN
Site & Location
Drive-Thru
Yes
Traffic Count
68,400 vehicles/day
Highway Access
Yes
Additional Details
Cap Rate
6%
Amenities
Long Term NNN Lease Featuring Above Average 12.5% Rental Increases Every 5 Years throughout the Initial Term and Options. Site Features a Drive-Thru. Recent Complete Interior/Exterior Renovation.
Angie's Sits within the Same Retail Center as a CVS Pharmacy, Goodwill and a Future Syctron Indoor Family Entertainment Center.
Directly Across the Intersection from a Fry's Food and Drug, driving Strong Daily Cross-Shopping Traffic.
Strong Regional Population Growth: Metro Phoenix Continues To Rank Among the Fastest-Growing Major Metro Areas Nationally, Fueling Sustained Rooftop Expansion and Long-Term Consumer Demand Across the Region.
Positioned Along Area's Major Traffic & Retail Corridor. Features Easy Access & Excellent Visibility Near a Signalized Intersection w/ Daily Combined Traffic Counts Exceeding 68k Vehicles. Near Interstate-17 (217k+ VPD).
Growing Multi-Concept Regional Brand: Angie's Operates 24+ Locations Across Arizona, Nevada, and Texas, Combining Prime Grill, Lobster, Burger, and Chicken Concepts Under One Drive-Thru-Forward Format with Strong Repeat Customer Demand.
$850 Million Metropolitan Redevelopment Next Door: the Property Sits Roughly a Quarter-Mile from The Metropolitan, an $850 Million, 64-Acre Mixed-Use Transformation Of the Former Metrocenter Mall Site.
Densely Populated and Affluent Trade Area: Features an Average Household Income Of more than $87k and over 464k People Residing within a 5-Mile Radius. I-17 Freeway Employment Corridor within 1 Mile — the Property Sits Approximately 1 Mile East Of the I-17 Freeway Employment Corridor, Capturing Daytime Workforce and Commuter Traffic Near Black Canyon Freeway Interchanges. North Mountain Village Retail Submarket: the Site is Part Of North Mountain Village, Home To more than 55 Other Active Reta
Building Details
Building Size
2,200 SF
Listing Agency:
Marcus & Millichap - San Diego
(858) 373-3184
Listed By:
Alvin N. Mansour · License #License(s): CA: 01391653, TX: 0606255
(858) 373-3184
Source:
Marcusmillichap
Added: Jul 18
Changed: Aug 29
Last Checked: Aug 29 at 9:03PM
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 Marcus & Millichap - San Diego
Investment Insights
Based on property information with market context.
Angie's Prime Grill is a 2,200-square-foot drive-through restaurant at 3510 W Peoria Ave in Phoenix, Arizona. The property occupies the hard corner of W Peoria Ave and N 35th Ave and is offered with a long-term NNN lease. Combined traffic at the intersection is reported at 68,400 vehicles per day, including 43,000 CPD on W Peoria Ave and 25,400 CPD on N 35th Ave.
The site is positioned in North Mountain Village near the former Metrocenter Mall redevelopment, approximately a quarter-mile from The Metropolitan project. Planned components include 1,200 townhomes, 350 apartments, and an estimated 3,000 new residents. The Metrocenter light rail station opened in January 2024 and is approximately one to 1.3 miles southeast of the property. The I-17 Freeway Employment Corridor is roughly one mile away, adding access to nearby commuter and workforce traffic.
The site is positioned in North Mountain Village near the former Metrocenter Mall redevelopment, approximately a quarter-mile from The Metropolitan project. Planned components include 1,200 townhomes, 350 apartments, and an estimated 3,000 new residents. The Metrocenter light rail station opened in January 2024 and is approximately one to 1.3 miles southeast of the property. The I-17 Freeway Employment Corridor is roughly one mile away, adding access to nearby commuter and workforce traffic.
Key Highlights
- 2,200‑square‑foot drive‑through restaurant at 3510 W Peoria Ave
- Long‑term NNN lease structure
- Hard corner at W Peoria Ave and N 35th Ave
Property Analytics
Current Use
Lease Details
68,400 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
896
Businesses Nearby
Explore this area
Business Placement
Demographics for 85029, AZ
47,101
Population
19,723
Households
2.4
Avg Household Size
35
Median Age
22%
College-Educated
82%
High-School Grad
9.4 sq mi
ZIP Area
5,011
Density / Sq Mi
$60,384
Median Household Income
$37,282
Median Earnings
$1,319
Median Rent
$307,800
Median Home Value
Market
Vacancy Rate% for Retail in Phoenix, AZ
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Hard-corner restaurant property with long-term NNN lease and access to a heavily traveled northwest Phoenix corridor.
Where is this drive through restaurant located?
The property is located at 3510 W Peoria Ave Phoenix, AZ.
What is the asking price?
The asking price for this property is $2,833,333.
What are key features of this property?
This property features: 2,200‑square‑foot drive‑through restaurant at 3510 W Peoria Ave; Long‑term NNN lease structure; Hard corner at W Peoria Ave and N 35th Ave
