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Cafe Zupas 3225 W Peoria Ave

3,600 SF Retail Building Phoenix, AZ 85029 £2,614,439 (£726/SF) 5.40% Net Initial Yield

Investment Highlights

  • Double-Net (NN) Lease with Approximately 14 Years Remaining on Lease Term
  • Visibile to Over 95,000 Cars Per Day via W Peoria Ave
  • Nearby Tenants include Chick-Fil-A, Starbucks, Ross Stores, PetSmart, Burlington, and many others
  • Under 1 Mile Away from planned $850 Million Metrocenter Mall Redevelopment
  • 10% Rental Increases Every 5 Years

Executive Summary

In 2004, two friends with a passion for exploring and eating opened the first Café Zupas in Provo, Utah. Today, more than 55 restaurants across ten states follow the same recipe for success: real meals, crafted from scratch. Cafe Zupas relies on their 647 employees to help carry out their vision. The Phoenix metro consists of Maricopa and Pinal counties, and includes more than 30 incorporated and more than 30 unincorporated towns and cities. As of 2020, Metro Phoenix had 4.8 million residents, making it the nation’s 11thlargest metropolitan area.

Attachments

Cafe Zupa_Phoenix, AZ_Marketing Package

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,600 SF
Year Built
2023
Price
£2,614,439
Price Per SF
£726
Net Initial Yield
5.40%
NOI
£141,194
Tenancy
Single
Number of Floors
1
Building FAR
0.10
Land Acres
0.79 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Amenities

  • Restaurant
  • Drive Thru
1 of 1
Walk Score ®
Very Walkable (75)
Bike Score ®
Very Bikeable (71)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Smashburger
Yogis Grill
Mod Pizza
Samurai Sam's Teriyaki Grill
Starbucks
Bank of America
Salad and Go
Chase
PNC Bank
Rent-a-center

PROPERTY TAXES

Parcel Number 149-15-129 Improvements Assessment £0
Land Assessment £58,989 Total Assessment £58,989

PROPERTY TAXES

Parcel Number
149-15-129
Land Assessment
£58,989
Improvements Assessment
£0
Total Assessment
£58,989
(602) 687-6780

  • Listing ID: 33519227

  • Date on Market: 15/10/2024

  • Last Updated:

  • Address: 3225 W Peoria Ave, Phoenix, AZ 85029

The Retail Property at 3225 W Peoria Ave, Phoenix, AZ 85029 is currently available For Sale. Contact Marcus & Millichap for more information.

Retail PROPERTIES IN NEARBY NEIGHBOURHOODS

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© 2024 CoStar Group

Cafe Zupas | 3225 W Peoria Ave
(602) 687-6780 x

Cafe Zupas | 3225 W Peoria Ave

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Christopher Lind

(602) 687-6780

(602) 687-6780

Mark Ruble

(602) 687-6766

(602) 687-6766

Zack House

(602) 687-6650

(602) 687-6650

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