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Freestanding Restaurant with Patio
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For Lease
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720 W Ray Rd, Gilbert, AZ 85233

Second-generation space includes an outdoor patio and existing brewing equipment for restaurant or brewery use.

Space Size6,780 SF
Days on Market4

Property Features for 720 W Ray Rd

General Information

Standard status Active
Size 6,780 SF
Property subtype RETAIL

Spaces For Lease

at 720 W Ray Rd Contact us

720 W Ray Rd

Floor
Bldg
Size
6,780 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
No
- ±6,780 SF freestanding second-generation restaurant/ brewery opportunity with...
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Listing Agency: Diversified Partners LLC
Listed By: Alexa Nunns · License #SA586080000
Source: Moodyscre
Added: Aug 7 Changed: Aug 10 Last Checked: Aug 10 at 5:54AM

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 Diversified Partners LLC

Investment Insights

Based on property information with market context.

This freestanding restaurant property offers 6,780 SF of second-generation space with an outdoor patio and existing brewing equipment. The current tenant is Perch Brewing Co., and the brewing equipment is available separately for purchase. The layout and improvements support continued restaurant or brewery operations, subject to applicable approvals and lease terms.

Located at 720 W Ray Rd in Gilbert, the property benefits from Ray Road frontage, monument signage, and reported traffic exceeding 22,000 VPD. Loop 202 is less than 3 miles away, while US-60 is approximately 4 miles from the site. Surrounding retailers include Goodyear Auto Service, Grease Monkey, MidFirst Bank, and EoS Fitness.

Key Highlights

  • 6,780 SF freestanding second‑generation restaurant space
  • Outdoor patio included with the property
  • Existing brewing equipment available for separate purchase

Property Analytics

Current Use

One Touch Flooring General Contractor Perch Brewing Co. Production Facility Philadelphia sandwich company Take-out & Catering

Suggested Use

Top Pick Restaurant Building Supply Real Estate Agency Big Box & Wholesale Store Dental Office Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

436
Businesses Nearby
Under-served
Demand for This Use

Demographics for 85233, AZ

39,006
Population
15,080
Households
2.6
Avg Household Size
37
Median Age
43%
College-Educated
95%
High-School Grad
9.6 sq mi
ZIP Area
4,063
Density / Sq Mi
$105,154
Median Household Income
$55,132
Median Earnings
$1,895
Median Rent
$468,600
Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019
4.3% 2020
2.6% 2021
2.5% 2022
4.8% 2023
6.9% 2024
7.9% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Second-generation space includes an outdoor patio and existing brewing equipment for restaurant or brewery use.
Where is this conventional restaurant located?
The property is located at 720 W Ray Rd Gilbert, AZ.
What are key features of this property?
This property features: 6,780 SF freestanding second‑generation restaurant space; Outdoor patio included with the property; Existing brewing equipment available for separate purchase
(602) 291-8448 Call to check price and availability
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