20987 John Wayne Pkwy Maricopa, AZ 85138
- Commercial real estate
- 1,300 SF
Current Use by Public Records
- The UPS Store / Business Center / Mailbox Rental Service
- Huggable Teddy Bears, Inc / Toy Store
- Gyro Grill / Mediterranean Restaurant / Greek Restaurant
- The Evelyn Clark Institute LLC / Educational Institution
- PolyShell LLC / Software Company
Property Details for 20987 John Wayne Pkwy
- Year built
- 2006
- Property size
- 1,300 SF
- Property type
- Commercial real estate
Description
Exceptional opportunity to acquire a thriving Mediterranean/Middle Eastern quick-serve restaurant in Maricopa, Arizona. This Class A, 1,300 square foot establishment, built in 2006 and renovated in 2007, is located within a major shopping center and boasts impressive financials. Generating over $925,000 in gross annual sales and a net income exceeding $300,000 (2023), this business presents a significant return on investment with a 42.86% cap rate. The current lease extends until 2030 at a monthly rent of $3,500. Situated on a single story building within a four-building complex, this property is zoned GR and offers substantial growth potential. The current owner is not utilizing delivery services, representing a significant untapped revenue stream. The seller is willing to provide training to ensure a smooth transition for the new owner. This is a turnkey operation with a proven track record, ready for immediate success. The asking price is $700,000. Don't miss this chance to own a high-performing, established business with significant upside.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Maricopa
- County
- Pinal
- State
- Arizona
- Longitude
- -112.044
- Latitude
- 33.0691
