1139 Broadway Rd Tempe, AZ 85282-1225
Property Lookup
Property profile & analytics
1139 Broadway Rd Tempe, AZ 85282-1225
- Drive through restaurants
- 3,181 SF
- 1.33 lot acres
Property ID
US07-0280227
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Great Pacific Investment / Financial Advisor
Property Details for 1139 Broadway Rd
- Year built
- 1994
- Construction
- CONCRETE
- Lot size
- 1.33 lot acres
- Property size
- 3,181 SF
- Zone code
- I-1
- Property type
- Drive through restaurants
- APN
- 123-35-001C
- APU
- 12335001C
Description
This exceptional investment opportunity presents a 15-year absolute NNN ground lease for a new Chick-fil-A restaurant located at 1139 W Broadway Rd, Tempe, AZ 85282. The property, built in 2024, encompasses 4,987 square feet on a 1.33-acre lot and boasts a 100% occupancy rate with a lease commencement date of October 31, 2024, and expiration on October 31, 2039. The lease includes eight five-year renewal options and features a 10% rent increase every five years. The property offers a strong net operating income (NOI) of $150,000, resulting in a 3.75% cap rate and a price per square foot of $802.09. The asking price is $4,000,000. This prime location is less than 1.5 miles from Arizona State University, situated on a major arterial road with high visibility and significant daily vehicle traffic. The tenant, Chick-fil-A, Inc., provides a corporate guarantee, ensuring a secure and stable investment. This is a new Chick-fil-A format with multiple curbside delivery, takeout, and mobile-order options, a first in Arizona. The property benefits from a densely populated trade area with approximately 313,850 residents within a 5-mile radius and proximity to Tempe Diablo Stadium. The property's location and the strength of the Chick-fil-A brand combine to create a compelling investment opportunity with significant long-term growth potential. The property's APN is 123-35-001C.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,570,000
-
Alternative Use
- Use
- Estimation
- RESTAURANT
- $2,215,000 Current use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Tempe
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.957
- Latitude
- 33.4067
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$21,445
$0.00
$0.00
$234,958
-
$620,600
$803,389
$1,423,989
