18409 Cave Crk Rd Phoenix, AZ 85032

This thriving Mediterranean restaurant, located in a major North Phoenix shopping center at 18409 N Cave Creek Rd, Phoenix, AZ 85032, presents a unique investment opportunity. The 1,350 square foot, single-story building, constructed in 1998 and renovated in 2022, sits on a parcel with 30 parking spaces and is zoned PSC. The business, currently operating under a NNN lease (commencing August 1, 2022, and expiring July 31, 2025, with three 3-year options), boasts a strong NOI of $60,000, yielding a compelling 35.50% cap rate. Last year's sales totaled approximately $190,000, with the current owners operating with limited hours (11 am to 7 pm, closed Sundays) and taking home $5,000-$6,000 monthly. Significant upside potential exists through extended hours, menu expansion, and targeted marketing. The asking price is $169,000. This is a fantastic opportunity for an owner-operator seeking a profitable, established business with room for substantial growth. The property features one unit within a multi-tenant building. The Maricopa County property (APN: 214-06-678-A) offers a turnkey operation ready for a new owner to take it to the next level.