Turnkey Restaurant with Alcohol
For Sale
Contact for pricing
8987 W Olive Ave, Peoria, AZ 85345
Turnkey restaurant space with transferable alcohol license and recent kitchen equipment upgrades under NNN structure.
Property Size2,400 SF
Price / SF$50
Days on Market154
Property Features for 8987 W Olive Ave
General Information
Standard status
Active
Size
2,400 SF
Class
B
Property subtype
Business for Sale, Retail
Lease Type
NNN
Investment Type
Net Lease
Additional Details
Furnished
Yes
Business Included
Yes
Liquor License
Yes
Building Details
Year Built
1998
Stories
1
Listing Agency:
West USA Realty
Listed By:
Sabrina Woodhall · License #SA699589000
Source:
Crexi
Added: Apr 9
Changed: Aug 13
Last Checked: Sep 9 at 5:16AM
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 West USA Realty
Investment Insights
Based on property information with market context.
This for-sale turnkey restaurant business is currently operating as Best China and features a built-out kitchen supported by recent equipment upgrades. The property was built in 1998 and includes newly installed dishwasher and a new ice maker, designed to support operations from day one. A transferable alcohol license is included with the sale.
The space is offered as business only for sale under an NNN lease structure. The NNN expenses include water utility and front yard maintenance, which can simplify tenant overhead management.
Located within a highly visible and accessible setting in the Peoria market, the offering provides a ready-to-operate restaurant concept with established site improvements already in place.
The space is offered as business only for sale under an NNN lease structure. The NNN expenses include water utility and front yard maintenance, which can simplify tenant overhead management.
Located within a highly visible and accessible setting in the Peoria market, the offering provides a ready-to-operate restaurant concept with established site improvements already in place.
Key Highlights
- 2,400 SF restaurant business currently operating as Best China, built in 1998
- Transferable alcohol license included with the sale
- Newly installed dishwasher and new ice maker in the kitchen equipment
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
578
Businesses Nearby
233k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 48%
Groceries 28%
Shops & Services 23%
Electronics 1%
Fry's
Groceries
66,303 visits/mo
0.1 miles
McDonald's
Dining
42,989 visits/mo
0.2 miles
QuikTrip
Shops & Services
41,580 visits/mo
0.3 miles
Dutch Bros. Coffee
Dining
26,939 visits/mo
0.3 miles
Jack in the Box
Dining
18,301 visits/mo
0.2 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
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Turnkey restaurant space with transferable alcohol license and recent kitchen equipment upgrades under NNN structure.
Where is this conventional restaurant located?
The property is located at 8987 W Olive Ave Peoria, AZ.
What is the asking price?
The asking price for this property is $120,000.
What are key features of this property?
This property features: 2,400 SF restaurant business currently operating as Best China, built in 1998; Transferable alcohol license included with the sale; Newly installed dishwasher and new ice maker in the kitchen equipment
