Storefront Property with
For Sale
Contact for pricing
8495 Grand Ave, Peoria, AZ 85345
Former drive-thru storefront with Grand Avenue frontage in the center of Peoria.
Property Size2,905 SF
Price / SF$447.50
Days on Market609
Property Features for 8495 Grand Ave
General Information
Standard status
Active
Size
2,905 SF
Property subtype
RETAIL
Additional Details
Road Access
Yes
Listing Agency:
LevRose Commercial Real Estate
(314) 803-0307
Listed By:
Trevor White · License #742FA625-6C3D-44FC-A693-98BC8ACBDB82
(314) 803-0307
Source:
Moodyscre
Added: Nov 30, 2024
Changed: Jul 31
Last Checked: Jul 31 at 6:32AM
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 LevRose Commercial Real Estate
Investment Insights
Based on property information with market context.
This storefront property is a strong fit for either an owner-user or an investor seeking a combined investment and owner-user sale opportunity. The space was most recently configured as a former drive-thru, supporting a customer-service layout for drive-through-style operations.
The property sits on Grand Avenue with frontage along the corridor, and it is located in the center of Peoria. The building measures 2,905 square feet, offering a defined footprint for retail or service uses that benefit from drive-through access.
With its drive-thru-ready configuration and Grand Avenue frontage, the property provides a practical option for businesses looking to serve passing traffic while benefiting from a storefront location.
The property sits on Grand Avenue with frontage along the corridor, and it is located in the center of Peoria. The building measures 2,905 square feet, offering a defined footprint for retail or service uses that benefit from drive-through access.
With its drive-thru-ready configuration and Grand Avenue frontage, the property provides a practical option for businesses looking to serve passing traffic while benefiting from a storefront location.
Key Highlights
- 2,905 SF storefront property
- Former drive‑thru configuration
- Grand Avenue frontage
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 | $64.5k | $22.20 |
| − Vacancy | −$2.9k | −$1.00 |
| EGI | $61.6k | $21.20 |
| − OpEx | −$15.4k | −$5.30 |
| NOI | $46.2k | $15.90 |
2,905 SF · lease $22.20/SF/yr · vacancy 4.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$659.9K
$577.4K – $769.9K
NOI $46,192 @ 7.0% cap · market cap 3.55%
Second Best
Retail
$576.5K
$504.4K – $672.6K
NOI $40,355 @ 7.0% cap · market cap 3.10%
Theoretical Best
Office A
$715.2K
$625.8K – $834.4K
NOI $50,066 @ 7.0% cap · market cap 3.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
732
Businesses Nearby
61k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 73%
Apparel 23%
Shops & Services 4%
Wendy's
Dining
17,546 visits/mo
0.2 miles
SONIC Drive In
Dining
14,737 visits/mo
0.3 miles
Goodwill
Apparel
13,787 visits/mo
0.4 miles
Taco Bell
Dining
12,148 visits/mo
0.1 miles
Firestone Complete Auto Care
Shops & Services
1,100 visits/mo
0.1 miles
Demographics for 85345, AZ
61,024
Population
24,273
Households
2.5
Avg Household Size
37
Median Age
18%
College-Educated
87%
High-School Grad
12.7 sq mi
ZIP Area
4,805
Density / Sq Mi
$64,563
Median Household Income
$40,280
Median Earnings
$1,563
Median Rent
$278,300
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?
Storefront property - Former drive-thru storefront with Grand Avenue frontage in the center of Peoria.
Where is this storefront property located?
The property is located at 8495 Grand Ave Peoria, AZ.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 2,905 SF storefront property; Former drive‑thru configuration; Grand Avenue frontage
