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Property profile & analytics
FOR LEASE
Grocery and convenience stores

802 S Hardy Dr Tempe, AZ 85281

2,555 SF 0.33 ac lot Built 1960
Entity Owned 6-yr Hold Free & Clear
Property ID
US07-2785126
Property summary
AI-generated overview

This exceptional freestanding retail property, located at 802 S Hardy Dr in Tempe, Arizona, offers 2,555 square feet of space on a sizable 14,293 square foot lot (APN: 124-61-022B, Maricopa County). The building is available for lease or ground lease and boasts a highly visible hard corner location at a signalized intersection, providing excellent exposure to a substantial daily traffic volume. Its strategic location offers easy access to Loop 202 and SR143, placing it within convenient reach of a large customer base. The property benefits from monument signage opportunities, enhancing its visibility and brand recognition. The surrounding area is characterized by a high daytime population, with approximately 461,000 people residing within a 5-mile radius. This prime location is further enhanced by its proximity to Arizona State University's main campus, Whole Foods Market, and Centerpoint on Mill, ensuring high foot traffic and strong consumer demographics. The property is zoned CSS (Commercial Shopping and Services), making it ideal for a variety of retail uses. This is a rare opportunity to secure a well-positioned retail space in a thriving Tempe market.

Property profile
Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1960
Construction CONCRETE
Total area 2,555 SF
Lot 0.33 ac (14,300 SF)
Zoning code CSS
APN 124-61-022B
UPID US07-2785126
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
  • 24/7 Convenience Store Grocery & Convenience Store
  • Ultron ATM Atm
  • Circle K Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$545k
Comparable Approach Comparable
$698k
Blend (final) Blend
$825k
Owner & transaction history
Subway Gibson LLC · 6 yrs held
Subway Gibson LLC
since 2020
Last sale
$610,000
3 recorded transactions
2020
$610,000
2006
Price N/A
1994
Price N/A
Zoning & alternative use
CSS · Tempe, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

balconies, pedestrian arcades, covered (non-enclosed) bicycle parking and similar architectural features placed on or in front of the street-facing side of the building are allowed within the setback. d Properties zoned CSS adjacent to residentially zoned properties are required a minimum ten (10) foot side yard setback on the side adjacent to the residentia…

Zone name Commercial Shopping And Service
General category COMMERCIAL
Zone area 420.54 ac
Source zoning and development code
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