1375 Elliot Rd Tempe, AZ 85284-1104
Property profile & analytics
1375 Elliot Rd Tempe, AZ 85284-1104
- Turn key restaurants
- 6,858 SF
- 1.26 lot acres
Property ID
US07-0942503
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
- Red Robin Gourmet Burgers and Brews / Restaurant
Property Details for 1375 Elliot Rd
- Year built
- 1991
- Construction
- CONCRETE
- Lot size
- 1.26 lot acres
- Property size
- 6,858 SF
- Zone code
- C-C
- Property type
- Turn key restaurants
- APN
- 301-53-059
- APU
- 30153059
Description
This exceptional investment opportunity presents a 7,200 square foot Red Robin restaurant located at 1375 W Elliot Rd, Tempe, AZ 85284. The property boasts a prime location in a major retail corridor, situated on a 1.26-acre lot (APN 301-53-059) with excellent visibility on Elliot Road, experiencing over 56,000 vehicles daily and less than a mile from I-10. This Costco outparcel benefits from its proximity to numerous national retailers including Walmart, Ikea, Life Time Fitness, and many more, ensuring high foot traffic and brand recognition. The property features a 12-year remaining lease term (NNN) with a strong tenant history exceeding 30 years, guaranteeing consistent income. With a current NOI of $222,480 and a 6.00% cap rate, this represents a compelling investment at an asking price of $3,708,000 ($515/sq ft). The area boasts a dense residential population of over 216,000 residents within minutes, exhibiting a high household income exceeding $98,000, and a substantial daytime employment base of over 170,000 within a 2-mile radius, including major employers like Swire Coca-Cola, Honeywell, and American Airlines. The property is currently 100% occupied, offering immediate and substantial returns. This is a rare opportunity to acquire a well-established, high-performing asset in a thriving retail environment.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $17,080,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Tempe
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.96
- Latitude
- 33.3486
- 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
$34,296
$0.00
$0.00
$442,375
-
$1,810,900
$870,159
$2,681,059
