Tempe, AZ Restaurants for Rent & Lease

Updated: Aug 22

Street-Front Retail Space

1831 E Apache Boulevard 102a, Tempe, AZ 85281

$2,188/Mo

498,347 sqft

2,868 SF ground‑floor retail space with flexible build‑to‑suit configuration
Three separate rear access doors
Grease trap and commercial venting available
Outdoor patio use adjacent to the entire retail frontage
25 dedicated retail parking spaces

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Updated: Jul 25

Freestanding Restaurant Building

1705 East Broadway Road, Tempe, AZ 85282

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4,976 sqft

4,976 SF freestanding restaurant building
Fully fixturized restaurant interior
Owner‑user opportunity
FF&E included in the sale

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Second-Generation Restaurant Space

1015 S Rural Rd, Tempe, AZ 85281

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1,700 sqft

Restaurant space along a major north-south corridor with pedestrian, bicycle, and transit connectivity.

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Restaurant Space with Patio

1158 W Washington St, Tempe, AZ 85281

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773 sqft

Compact restaurant or retail space near light rail, corporate offices, Arizona State University, and Sky Harbor International Airport.

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Endcap Restaurant with Patio

7700 S Priest Dr, Tempe, AZ 85284

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5,500 sqft

End-cap second-generation restaurant space with an attached patio in a shopping center setting.

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Built-Out Bar Restaurant Space

1006 E Warner Rd, Tempe, AZ 85284

$42 SF/Yr

Fully built out bar and restaurant space for lease, positioned among established retail tenants and nearby daily demand.

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Retail and Restaurant Space Available

707 S. Forest Avenue, Tempe, AZ 85281

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4,720 sqft

Retail and restaurant space near ASU Tempe Campus.

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Restaurant Space in Prime Location

230 W Southern Ave, Tempe, AZ 85282

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1,991 sqft

Fully built-out restaurant space near Mill Avenue District and ASU.

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Retail/Restaurant Space in Tempe

947 S Mill Ave, Tempe, AZ

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3,659 sqft 33.55 AC lot

Ground floor retail/restaurant space in a new Class A building.

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Restaurant Suite with Patio

1221 East Apache Blvd, Suite 104, Tempe, AZ 85281

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Suite 104 includes a patio, high ceilings, and on-site parking along the Light Rail for convenient freeway access.

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Restaurant Space with Patio

7700 S Priest Dr, Tempe, AZ

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2,000 sqft 1.89 AC lot

Second-generation restaurant space with patio in Tempe, Arizona.

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Restaurant Build Out with Patio

4 E University Dr, Tempe, AZ

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5,765 sqft 0.24 AC lot

Restaurant build out with patio and potential retail space.

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Retail Space in Tempe Center

1835 E Guadalupe Rd, Tempe, AZ

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1,872 sqft 16.88 AC lot

Retail space available in a busy Tempe shopping center.

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Mixed-Use Development in Tempe, AZ

800 E University Dr, Tempe, AZ 85281

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250,000 sqft 355.00 AC lot

355-acre mixed-use development with retail, office, and multifamily spaces.

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Tempe Retail Space For Rent

6323 S Rural Rd, Tempe, AZ

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4,275 sqft 0.91 AC lot

Retail space with great visibility and easy freeway access.

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Mill Avenue Restaurant Spaces Available

3rd Street & Mill Ave, Tempe, AZ 85281

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10,367 sqft

Restaurant spaces with patios available in mixed-use project.

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Restaurant Space with Patio

7700 S Priest Dr, Tempe, AZ 85284

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Second-generation restaurant space available for lease with a patio.

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Second-Generation Restaurant Space

420 S Mill Ave, Tempe, AZ 85281

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1,155 sqft

Second-generation restaurant space with established setup and adjacent proximity to Arizona State University.

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Drive-Thru Restaurant Space

1815 E Elliot Rd, Tempe, AZ 85284

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3,500 sqft

High-visibility restaurant space available for lease with potential drive-thru or second-generation uses.

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Waterfront Retail and Restaurant Space

E/SEC Scottsdale Rd & Rio Salado Pkwy, Tempe, AZ 85288

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Luxury retail and restaurant spaces in new waterfront community.

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Based on your search, we've compiled 31 Potential Opportunities for your consideration. Besides 20 Active listings in Tempe, AZ, we suggest exploring alternatives. Similar 11 Properties for Sales.

Similar Spaces for Sale in Tempe, AZ

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Tempe Crossing Drive-Thru Investment

9895 S Priest Drive, Tempe, AZ 85284

$4,280,000

5,634 sqft 1.30 AC lot

Fully leased, two-tenant property with drive-thru in Tempe, Arizona.

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Ground-Floor Mixed-Use Property

1831 E APACHE Boulevard, 100, Tempe, AZ 85281

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498,347 sqft

Street-facing retail space supports restaurant build-out with patio use, rear access, and dedicated parking.

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Leased Restaurant NNN Building

505 W University Dr, Tempe, AZ 85281

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2,342 sqft 0.26 AC lot

Investment restaurant property with an active NNN lease, zero landlord responsibilities, and 18 years remaining on the term.

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Restaurant With Leased Studio Suites

113 East Southern Avenue, Tempe, AZ 85282

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2,400 sqft

Turnkey, fully operational café paired with seven long-term leased business suites in a shopping center setting.

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Tempe, AZ Restaurants Lease Rates & Market Statistics

Explore 20 Restaurants for lease in Tempe, AZ on Realmo, a commercial real estate exchange covering the Tempe area. The current inventory totals 800,600 square feet of properties — an average of ~40,050 SF per listing.

Restaurants lease rates in Tempe range from $42 SF/Yr at the entry level to $42 SF/Yr at the top of the market, averaging $42 SF/Yr. Pricing across the market is relatively uniform, which simplifies like-for-like comparison between listings. At $42 SF/Yr, the local average runs 55% above Arizona's state average of $27.16 SF/Yr.

Tempe accounts for 10% of the 206 restaurants currently available across Maricopa County, where nearby markets include Phoenix and Mesa. By space type, the market includes 10 other restaurants and 8 conventional restaurants.