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    FOR LEASE
    Turn key restaurants

    6455 E Southern Ave, Mesa, AZ 85206

    6,208 SF 1.15 ac lot Built 1996
    Individually Owned 21-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US07-1126639
    Property summary
    AI-generated overview

    This exceptional freestanding restaurant opportunity is located within the thriving Superstition Springs Center, a major regional shopping mall boasting over 1.2 million square feet and 130 stores. Anchored by Macy's, Dillard's, and JCPenney, this center offers a strong draw of shoppers and diners. The property itself comprises a substantial 5,780 square feet situated on a generous 1.15-acre lot, providing ample space for both indoor and outdoor dining areas. Its convenient location directly off US-60 and Power Road ensures high visibility and accessibility, benefiting from significant traffic flow. The surrounding area is densely populated with numerous master-planned communities, guaranteeing a large and readily available customer base. The property is zoned LC and offers a single-tenant occupancy, providing flexibility and control for the future operator. This is a rare opportunity to establish a successful restaurant in a prime location within a well-established and highly successful retail center. The property's size and location make it ideal for a variety of restaurant concepts. The ample parking available within the Superstition Springs Center further enhances the property's appeal. This is a turn-key opportunity for a discerning restaurant operator seeking a high-traffic location in a thriving retail environment. The property's address is 6455 E Southern Ave, Mesa, AZ 85206, and the APN is 141-54-034A.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1996
    Construction CONCRETE
    Total area 6,208 SF
    Lot 1.15 ac (50,005 SF)
    Zoning code LC
    APN 141-54-034A
    UPID US07-1126639
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Fuddruckers Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $3.36M
    Blend (final) Blend
    $3.29M
    Owner & transaction history
    Spe Portfolio 2004-6 Ll Spirit · 21 yrs held
    Spe Portfolio 2004-6 Ll Spirit
    since 2004
    5 recorded transactions
    2004
    $2.6M
    2003
    2002
    $1.4M
    1997
    $1.3M
    1995
    $540,000
    Zoning & alternative use
    LC · Mesa, AZ
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $4.0M +0.3%
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