8495 Grand Ave Peoria, AZ 85345
- Retail properties
- 4,412 SF
- 0.80 lot acres
Current Use by Public Records
- K-May Donuts & Bagels / Donut Shop
- NN343HP / Industrial Consultant
Property Details for 8495 Grand Ave
- Lot size
- 0.80 lot acres
- Property size
- 4,412 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment or owner-user opportunity presents a 4,412 square foot restaurant with a drive-thru, situated on a 0.8-acre lot in Peoria, Arizona. The property, located at 8495 W Grand Ave, boasts a prominent Grand Avenue frontage and benefits from a C-3 zoning designation. The asking price is $1,300,000, translating to $294.65 per square foot. The property includes two buildings and is currently operating under a NNN lease, expiring December 31, 2024, with a remaining lease term of approximately one-tenth of a year. Rent increases are structured with a 4% bump annually on January 1st. The property's location offers significant advantages, with close proximity to key attractions including the Seattle Mariners Spring Training Stadium (3 miles), State Farm Cardinals Stadium (5 miles), and Sky Harbor International Airport (17 miles). This presents a unique chance to acquire a well-positioned restaurant property in a thriving area of Peoria, ideal for both investment and owner-user scenarios. The Assessor's Parcel Number (APN) is 142-42-042M. This is a single-tenancy property.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Peoria
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.235
- Latitude
- 33.5789
