Property summary
This exceptional investment opportunity presents a 1,200-square-foot drive-thru restaurant in Phoenix, Arizona. Located on heavily trafficked Cave Creek Road (over 30,000 cars daily), this Class B property boasts a prime location near major national tenants including Home Depot, EOS Fitness, O'Reilly Auto Parts, and Sherwin Williams. The single-tenant building, constructed in 1973, sits on a 14,262-square-foot lot (APN 166-12-029) and is zoned C-C by the City of Phoenix. Currently operating… under a NNN lease with a 7.9-year remaining term (commencing December 1, 2017, and expiring October 30, 2032), the lease includes 2% annual rent increases. The property offers a current NOI of $74,400 and a pro-forma NOI of $110,000, resulting in a current cap rate of 5.51% and a pro-forma cap rate of 8.15%. The asking price is $1,350,000 ($1,125 per square foot). The existing lease provides a six-month termination clause, offering flexibility for redevelopment or owner-user occupancy. This property is a fee-simple ownership and presents a compelling opportunity for both investors and owner-users seeking a high-traffic location within a densely populated and established trade area (over 320,000 people and 101,000 employees within a 5-mile radius). The property is 100% occupied.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records and 4 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
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Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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- Location Insight
- Alternative use
- Local Zoning Insight