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    FOR SALE
    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
    $640k
    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
    1994
    Zoning & alternative use
    CSS · Tempe, AZ
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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