1221 E Apache Blvd Tempe, AZ 85281
For Lease
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This exceptional 1,300-square-foot retail space, ideally suited for a cafe or bar, is located at 1221 E Apache Blvd in Tempe, Arizona, zip code 85281. Built in 2017, the property offers a turnkey operation with existing fixtures, furniture, and equipment (FF&E) remaining in place, saving significant setup costs for the new tenant. The space is a single unit within a larger building, offering complete control and privacy. Its prime location on Apache Boulevard and Terrace Road ensures excellent visibility and accessibility. A significant advantage is the large patio area, perfect for outdoor seating, complemented by dedicated parking directly adjacent to the space. Monument signage is also available, providing exceptional branding opportunities. The property's total square footage is 1,300 square feet, with no possibility of dividing the space further. This presents a unique opportunity for a food and beverage establishment seeking a well-established and highly visible location in the thriving Tempe market.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2016Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C-G · Tempe, AZNo recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.