Freestanding Drive-Through Restaurant
For Sale
Contact for pricing
8385 N 7th Street, Phoenix, AZ 85020
Drive-through restaurant space in North Phoenix with high traffic exposure.
Property Size8,311 SF
Price / SF$0.30
Days on Market274
Property Features for 8385 N 7th Street
General Information
Standard status
Active
Size
8,311 SF
Property subtype
Retail
Lease Term
NNN
Site & Location
Neighborhood
North Mountain
Building Details
Building Size
8,311 SF
Year Built
1964
Properties For Sale
at 8385 N 7th Street Contact us8385 N. 7th Street
Size
1,200 SF
Type
Street Retail
Term
36 months
8385a N. 7th Street
Size
2,400 SF
Type
Street Retail
Term
36 months
Listing Agency:
Sperry Commercial Global Affiliates - GROWTH Partners
Listed By:
Joe Garrett, CCIM · License #Texas #0297518
(214) 207-3716
Source:
Sperrycga
Added: Jan 27
Changed: Oct 25
Last Checked: Oct 28 at 6:13AM
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 Sperry Commercial Global Affiliates - GROWTH Partners
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Investment Insights
Based on property information with market context.
Located in the East Sunnyslope neighborhood of North Phoenix, this freestanding drive-through restaurant space offers street exposure along 7th Street. The area is known for its diverse community and redevelopment. The property features monument signage, front parking with 32 spaces, and rear parking with 31 spaces. Situated on 7th Street, the location benefits from high traffic, with exposure to over 55,000 vehicles. It is near the Central Corridor, Camelback Corridor, and downtown Phoenix, with convenient access to I-17 and Loop 101. Scottsdale, Paradise Valley, Midtown Phoenix, and Cave Creek are also within a short distance. Neighboring establishments include Little Miss Barbecue, McDonalds, Fry’s, Walgreens, AutoZone, and Domino’s. Additional nearby businesses include Butler’s Easy, Toro Taxes, Tienda Latina, Quick Trip, Honor Health, Planet Fitness, Salad & Go, and Taco Bell. Adjacent spaces are available, including one 3,000-square-foot space (25 feet storefront by 61 feet deep) and two 1,500-square-foot spaces (25 feet storefront by 61 feet deep each).
Key Highlights
- High‑traffic location on 7th Street with exposure to 55k+ vehicles daily.
- Free‑standing drive‑through restaurant space.
- Excellent street exposure.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$93,933
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,878,660
$1.9M
Cap Rate 7%
$1,341,900
$1.3M
Cap Rate 9%
$1,043,700
$1.0M
Market Conditions
NOI Build-Up for 8,311 SF
Gross rent
$149.6K $18.00/SF
− Vacancy
−$15.4K −$1.85/SF
EGI
$134.2K $16.15/SF
− OpEx
−$40.3K −$4.84/SF
NOI
$93.9K $11.30/SF
Area
Phoenix, AZ
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,878,660
Cap Rate 7%
$1,341,900
Cap Rate 9%
$1,043,700
Alternative Uses
Best Use
Specialty Retail
$1.77M
$1.55M – $2.06M
NOI $123,867 @ 7.0% cap · market cap 4,954.68%
Second Best
Retail
$1.34M
$1.17M – $1.57M
NOI $93,933 @ 7.0% cap · market cap 3,757.32%
Theoretical Best
Office A
$2.52M
$2.20M – $2.94M
NOI $176,223 @ 7.0% cap · market cap 7,048.92%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
964
Businesses Nearby
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Business Placement
Demographics for 85020, AZ
34,534
Population
18,231
Households
1.9
Avg Household Size
43
Median Age
43%
College-Educated
90%
High-School Grad
8.8 sq mi
ZIP Area
3,924
Density / Sq Mi
$78,412
Median Household Income
$48,230
Median Earnings
$1,389
Median Rent
$400,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Phoenix, AZ
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Drive-through restaurant space in North Phoenix with high traffic exposure.
Where is this drive through restaurant located?
The property is located at 8385 N 7th Street Phoenix, AZ.
What are key features of this property?
This property features: High‑traffic location on 7th Street with exposure to 55k+ vehicles daily.; Free‑standing drive‑through restaurant space.; Excellent street exposure.
