Second-Generation Restaurant
For Lease
Contact for pricing
420 S Mill Ave, Tempe, AZ 85281
Second-generation restaurant space with established setup and adjacent proximity to Arizona State University.
Property Size1,155 SF
Days on Market997
Property Features for 420 S Mill Ave
General Information
Standard status
Active
Size
1,155 SF
Property subtype
RETAIL
Additional Details
Space Use
Restaurant
Listing Agency:
LevRose Commercial Real Estate
(602) 376-9797
Listed By:
Sean Lieb · License #742FA625-6C3D-44FC-A693-98BC8ACBDB82
(602) 376-9797
Source:
Moodyscre
Added: Nov 6, 2023
Changed: Jul 30
Last Checked: Jul 29 at 8:00AM
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 LevRose Commercial Real Estate
Investment Insights
Based on property information with market context.
Second-generation restaurant space configured for foodservice operations, offering a rare opportunity for a user seeking a ready-to-run restaurant layout. The property is 1,155 square feet.
Located at 420 S Mill Ave in Tempe, the space benefits from a high-profile, urban setting with restaurant, entertainment, and retail activity. It is adjacent to Arizona State University, supporting strong daytime and event-driven foot traffic in the immediate area.
This space is well suited for a conventional restaurant concept looking for a compact footprint in a prominent, university-adjacent corridor.
Located at 420 S Mill Ave in Tempe, the space benefits from a high-profile, urban setting with restaurant, entertainment, and retail activity. It is adjacent to Arizona State University, supporting strong daytime and event-driven foot traffic in the immediate area.
This space is well suited for a conventional restaurant concept looking for a compact footprint in a prominent, university-adjacent corridor.
Key Highlights
- 1,155 SF second‑generation restaurant space
- Adjacent to Arizona State University
- 420 S Mill Ave, Tempe, AZ 85281
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
2,359
Businesses Nearby
176k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 70%
Apparel 10%
Shops & Services 10%
Leisure 7%
Chick-fil-A
Dining
33,031 visits/mo
0.4 miles
Chili's Grill & Bar
Dining
28,362 visits/mo
0.4 miles
Jack in the Box
Dining
13,708 visits/mo
0.3 miles
AMC Centerpoint 11
Leisure
13,061 visits/mo
0.3 miles
Snooze
Dining
11,778 visits/mo
0.4 miles
Demographics for 85281, AZ
69,218
Population
32,475
Households
2.1
Avg Household Size
26
Median Age
49%
College-Educated
91%
High-School Grad
13.3 sq mi
ZIP Area
5,204
Density / Sq Mi
$59,084
Median Household Income
$32,805
Median Earnings
$1,531
Median Rent
$364,200
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 - Second-generation restaurant space with established setup and adjacent proximity to Arizona State University.
Where is this conventional restaurant located?
The property is located at 420 S Mill Ave Tempe, AZ.
What are key features of this property?
This property features: 1,155 SF second‑generation restaurant space; Adjacent to Arizona State University; 420 S Mill Ave, Tempe, AZ 85281
