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Property profile & analytics
OFF-MARKET
Restaurants

2345 Queen Creek Rd Gilbert, AZ 85298

5,000 SF 1.25 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 5,000-square-foot restaurant space is available for lease in Gilbert, Arizona. Located at 2345 E Queen Creek Rd, this single-tenant building sits on a 1.25-acre lot and boasts a prime location with high visibility on a signalized hard corner experiencing 37,530 cars per day. The property includes a 1,000-square-foot covered patio, perfect for outdoor dining. With 52 total parking spaces, ample parking is ensured for patrons. The building features 3-phase power and is zoned CC. This location benefits from a strong demographic profile, including an average household income of $177,893 within a 3-mile radius, a median age of 32.5 within a 1-mile radius, and an estimated population of 99,560 within a 3-mile radius. The average home value within a 1-mile radius is $985,155, indicating a high-spending demographic. The area's restaurant sales within a 3-mile radius total $183,763,463, suggesting a robust market. Furthermore, the property is situated near key attractions such as Gilbert Regional Park and Cactus Surf Park, and is conveniently located 0.5 miles south of regional soccer fields and within 1 mile of four schools. This presents a unique build-to-suite opportunity in an underserved market with excellent visibility and strong surrounding demographics. Annual property taxes are $2.50 per square foot.

Property profile
Verified
Property type Restaurants
Total area 5,000 SF
Lot 1.25 ac (54,450 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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