Former Drive-Thru on Grand
8495 W Grand Ave Peoria, AZ 85345
For Sale
Contact for pricing
Investment or owner-user opportunity with Grand Avenue frontage.
Property Size4,412 SF
Price / SF$294.65
Days on Market1209
Property Features for 8495 W Grand Ave
General Information
- Standard status
- Active
- Size
- 4,412 SF
- Property subtype
- Retail
Listing Agency:
LevRose Commercial Real Estate
(602) 491-9295
Listed By:
Sean Lieb · License #AZ
Source:
Crexi
Added: Apr 5, 2023
Changed: Jul 10
Last Checked: Jul 24 at 5:06PM
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 property presents an opportunity for investment or owner-user acquisition. Formerly operated as a drive-thru, the property benefits from frontage on Grand Avenue and is situated in the central area of Peoria. Its location offers proximity to several key landmarks, including the Seattle Mariners Spring Training Stadium, located 3 miles away, and the State Farm Cardinals Stadium, situated 5 miles from the site. Additionally, Sky Harbor International Airport is located 17 miles away. The property encompasses a total area of 4,412 square feet.
Key Highlights
- Grand Avenue Frontage
- Investment or Owner User Sale Opportunity
- Located in the center of Peoria
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 | $97.9k | $22.20 |
| − Vacancy | −$4.4k | −$1.00 |
| EGI | $93.5k | $21.20 |
| − OpEx | −$23.4k | −$5.30 |
| NOI | $70.2k | $15.90 |
4,412 SF · lease $22.20/SF/yr · vacancy 4.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.00M
$876.9K – $1.17M
NOI $70,154 @ 7.0% cap · market cap 5.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.09M
$950.5K – $1.27M
NOI $76,038 @ 7.0% cap · market cap 5.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
K-May Donuts & Bagels
Bakery
NN343HP
Industrial Consultant
FAQs
What type of property is this?
Drive through restaurant - Investment or owner-user opportunity with Grand Avenue frontage.
Where is this drive through restaurant located?
The property is located at 8495 W 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: Grand Avenue Frontage; Investment or Owner User Sale Opportunity; Located in the center of Peoria
