Freestanding Restaurant
For Sale
$4,955,966
4501 N 32nd St, Phoenix, AZ 85018
For sale restaurant property supporting scratch-made food concepts and a sushi, matcha, and cocktail bar format.
Property Size4,369 SF
Price / SF$1,134
Days on Market94
Property Features for 4501 N 32nd St
General Information
Standard status
Active
Size
4,369 SF
Property subtype
Shopping Strip
Additional Details
Cap Rate
6%
Amenities
Triple Net Leases with Two Restaurant Brands - ChopShop has 27 Locations and Minnow is Part of an Established Phoenix-Based Restaurant Group
Very Desirable Location in the Arcadia Neighborhood - Adjacent to the Biltmore Corridor
Both Tenants Performing Extremely Well – Strong Reported Store Sales
Dense Trade Area in the Heart of Phoenix's Arcadia Neighborhood - Daytime Population Exceeds 531,000 People within a Five-Mile Radius
Annual Rental Increases with Multiple Renewal Options
Hard Corner Location, Easily Accessible by Approximately 44,500 Cars per Day
Situated in One of Phoenix's Most Affluent and Highly Sought-After Communities - Average Household Income Exceeds $137,000 in the Immediate Area
Down the Road from the Biltmore Corridor - Anchored by the Arizona Biltmore Resort & Golf Club and Home to Offices, Restaurants, and the Biltmore Fashion Park
Building Details
Building Size
4,369 SF
Year Built
2018
Tenancy
Multi
Listing Agency:
Marcus & Millichap | Phoenix
Listed By:
Chris Lind · License #License(s): AZ: SA627823000
(602) 687-6780
Source:
Marcusmillichap
Added: Jun 3
Changed: Aug 12
Last Checked: Sep 4 at 2:13AM
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 | Phoenix
Investment Insights
Based on property information with market context.
This for-sale restaurant property is presented as a food and beverage operating site tied to restaurant concepts that focus on scratch-made menu items. The operator profile highlights protein bowls, juices, salads, and sandwiches made from scratch, along with a “Chopped-in-Shop” style of daily preparation using real quality ingredients. A second concept described in the remarks is a sushi, matcha, and cocktail bar built around fresh sushi, small plates, and a matcha program, served alongside craft cocktails, beer, and wine.
The offering is located in Metro Phoenix, within Maricopa and Pinal counties. The Metro Phoenix description in the remarks includes both incorporated and unincorporated towns and cities and notes the market’s large resident base, with Phoenix as the largest city.
The concepts described are compatible with a tenant or operator seeking a full-service food and beverage environment, including menu categories ranging from bowls and salads to sushi and cocktail service. The remarks also provide operating-hour detail for the sushi, matcha, and cocktail bar concept (7:00am to 8:00pm daily, with extended hours to 9:00pm on Fridays and Saturdays), which can be useful when evaluating staffing and service schedule fit.
The offering is located in Metro Phoenix, within Maricopa and Pinal counties. The Metro Phoenix description in the remarks includes both incorporated and unincorporated towns and cities and notes the market’s large resident base, with Phoenix as the largest city.
The concepts described are compatible with a tenant or operator seeking a full-service food and beverage environment, including menu categories ranging from bowls and salads to sushi and cocktail service. The remarks also provide operating-hour detail for the sushi, matcha, and cocktail bar concept (7:00am to 8:00pm daily, with extended hours to 9:00pm on Fridays and Saturdays), which can be useful when evaluating staffing and service schedule fit.
Key Highlights
- Year built 2018 restaurant property supporting scratch‑made food concepts
- Includes Original ChopShop concept serving protein bowls, juices, salads, and sandwiches made from scratch
- Minnow sushi, matcha, and cocktail bar opened with hours 7am–8pm daily (9pm Fri & Sat)
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,222
Businesses Nearby
8k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 67%
Shops & Services 33%
First Watch
Dining
5,620 visits/mo
0.4 miles
The UPS Store
Shops & Services
2,768 visits/mo
0.4 miles
Demographics for 85018, AZ
37,944
Population
19,487
Households
1.9
Avg Household Size
40
Median Age
57%
College-Educated
92%
High-School Grad
15.1 sq mi
ZIP Area
2,513
Density / Sq Mi
$87,637
Median Household Income
$58,555
Median Earnings
$1,411
Median Rent
$805,800
Median Home Value
Market
Vacancy Rate% for Retail in Phoenix, AZ
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - For sale restaurant property supporting scratch-made food concepts and a sushi, matcha, and cocktail bar format.
Where is this conventional restaurant located?
The property is located at 4501 N 32nd St Phoenix, AZ.
What is the asking price?
The asking price for this property is $4,955,966.
What are key features of this property?
This property features: Year built 2018 restaurant property supporting scratch‑made food concepts; Includes Original ChopShop concept serving protein bowls, juices, salads, and sandwiches made from scratch; Minnow sushi, matcha, and cocktail bar opened with hours 7am–8pm daily (9pm Fri & Sat)
