Turnkey Restaurant with
For Sale
Contact for pricing
4906 E Main St, Mesa, AZ
Fully equipped restaurant ready for immediate operation with exterior patio.
Property Size5,190 SF
Lot Size1.00 Acre
Price / SF$308.29
Days on Market1021
Property Features for 4906 E Main St
General Information
Standard status
Active
Size
5,190 SF
Lot size
1.00 Acre
Property subtype
RETAIL
Listing Agency:
LRA Real Estate Group LLC
(602) 621-3770
Listed By:
Bryan Mortensen · License ##648243000
(602) 621-3770
Source:
Moodyscre
Added: Oct 16, 2023
Changed: Jul 6
Last Checked: Jul 21 at 8:11AM
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 LRA Real Estate Group LLC
Investment Insights
Based on property information with market context.
This turnkey restaurant property, totaling 5,190 square feet, is available for sale and ready for immediate operation. The property has been completely renovated within the past three years, featuring an added exterior patio and a roll-up door from the bar to the patio. The interior ceiling has been raised to expose the insulated and painted ceilings. The property includes six new HVAC units installed in 2021, along with new ductwork. The exterior has been painted, and the parking lot has been sealed and striped. Both bathrooms have been remodeled. Additional gas lines have been added to increase cooking capacity, supported by a new gas meter and line. A security system with over 30 cameras, monitored by ADT, is installed throughout the property. The electrical panel has been upgraded with additional amps. The plumbing to the main sewer line was previously redone. The business is included, if desired.
Key Highlights
- Turn‑key restaurant ready for immediate operation with all Furniture, Fixtures, and Equipment (FF&E) included
- Substantial recent renovations completed within the last 3 years
- New exterior patio with roll‑up door access from the bar
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $70.4k | $13.56 |
| − Vacancy | −$4.7k | −$0.91 |
| EGI | $65.7k | $12.65 |
| − OpEx | −$16.4k | −$3.16 |
| NOI | $49.2k | $9.49 |
5,190 SF · lease $13.56/SF/yr · vacancy 6.70% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$703.5K
$615.6K – $820.8K
NOI $49,246 @ 7.0% cap · market cap 3.08%
Second Best
Retail
$656.6K
$574.5K – $766.1K
NOI $45,963 @ 7.0% cap · market cap 2.87%
Theoretical Best
Office A
$1.42M
$1.24M – $1.66M
NOI $99,583 @ 7.0% cap · market cap 6.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
519
Businesses Nearby
224k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 35%
Dining 29%
Shops & Services 21%
Groceries 12%
Walmart
Superstores
77,967 visits/mo
0.2 miles
Safeway
Groceries
27,064 visits/mo
0.1 miles
McDonald's
Dining
26,552 visits/mo
0.4 miles
Dollar Tree
Shops & Services
16,556 visits/mo
0.4 miles
Starbucks
Dining
13,630 visits/mo
0.3 miles
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Turn key restaurant - Fully equipped restaurant ready for immediate operation with exterior patio.
Where is this turn key restaurant located?
The property is located at 4906 E Main St Mesa, AZ.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Turn‑key restaurant ready for immediate operation with all Furniture, Fixtures, and Equipment (FF&E) included; Substantial recent renovations completed within the last 3 years; New exterior patio with roll‑up door access from the bar
