Freestanding Drive-Through
For Sale
$975,000
7900 N 70th Ave Unit 101, Glendale, AZ 85303
Signalized corner property with a fenced yard, covered canopy, and C-1 zoning for commercial use flexibility.
Property Size4,429 SF
Price / SF$220.14
Days on Market215
Property Features for 7900 N 70th Ave Unit 101
General Information
Standard status
Active
Size
4,429 SF
Property subtype
Commercial
Zoning
C-1
Site & Location
Corner Location
Yes
Drive-Thru
Yes
Amenities
fenced yard
covered canopy
Building Details
Year Built
2005
Buildings
1
Listing Agency:
R.O.I. Properties
(602) 396-8004
Listed By:
Aaron Gutierrez · License #SA698660000
Source:
Findallphoenixhomelistings
Added: Jan 26
Changed: Aug 29
Last Checked: Aug 25 at 6:18AM
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 R.O.I. Properties
Investment Insights
Based on property information with market context.
This freestanding drive-through restaurant property includes a 1,629-square-foot building completed in 2005. Existing improvements include drive-through functionality, a covered canopy, and a large fenced yard, creating a practical setup for continued food service or other drive-through-oriented commercial operations.
The property is positioned at a signalized hard corner and carries C-1 zoning. An optional Dunlap Automotive book of business is available separately, excluding FF&E, providing a potential operating component for a qualified purchaser.
The property is positioned at a signalized hard corner and carries C-1 zoning. An optional Dunlap Automotive book of business is available separately, excluding FF&E, providing a potential operating component for a qualified purchaser.
Key Highlights
- 1,629 SF freestanding building completed in 2005
- Existing drive‑through functionality with covered canopy
- Large fenced yard included with the property
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$59,313
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,186,260
$1.2M
Cap Rate 7%
$847,329
$847.3K
Cap Rate 9%
$659,033
$659.0K
Market Conditions
NOI Build-Up for 4,429 SF
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.
Gross rent
$85.0K $19.20/SF
− Vacancy
−$6.0K −$1.34/SF
EGI
$79.1K $17.86/SF
− OpEx
−$19.8K −$4.46/SF
NOI
$59.3K $13.39/SF
Area
Glendale, AZ
Vacancy
7.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,186,260
Cap Rate 7%
$847,329
Cap Rate 9%
$659,033
Alternative Uses
Best Use
Specialty Retail
$847.3K
$741.4K – $988.6K
NOI $59,313 @ 7.0% cap · market cap 6.08%
Second Best
Retail
$729.5K
$638.3K – $851.0K
NOI $51,062 @ 7.0% cap · market cap 5.24%
Theoretical Best
Office A
$1.39M
$1.22M – $1.62M
NOI $97,384 @ 7.0% cap · market cap 9.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
504
Businesses Nearby
2k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 58%
Home Improvements & Furnishings 42%
U-Haul
Shops & Services
1,333 visits/mo
0.3 miles
Ferguson
Home Improvements & Furnishings
955 visits/mo
0.4 miles
Demographics for 85303, AZ
34,252
Population
10,423
Households
3.3
Avg Household Size
31
Median Age
14%
College-Educated
82%
High-School Grad
6.8 sq mi
ZIP Area
5,037
Density / Sq Mi
$75,077
Median Household Income
$39,346
Median Earnings
$1,476
Median Rent
$286,800
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?
Drive through restaurant - Signalized corner property with a fenced yard, covered canopy, and C-1 zoning for commercial use flexibility.
Where is this drive through restaurant located?
The property is located at 7900 N 70th Ave Unit 101 Glendale, AZ.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 1,629 SF freestanding building completed in 2005; Existing drive‑through functionality with covered canopy; Large fenced yard included with the property
