You won't want to miss this asset sale. Enjoy a prime location with great visibility in one of Paradise Valley's busiest shopping centers, this restaurant is perfect for high-volume quick serve concepts! This location has a surprisingly low rent rate of $2.84 per square foot ALL-IN! For this location, that is an incredible rate. Take advantage of the thriving Paradise Valley market with this incredible opportunity. Well-equipped for virtually ANY quick serve concept, including: Indian, Mexican, American, & more!
2nd-generation restaurants like this are hard to come by in this market. Why invest upwards of $300,000-$400,000 into building out an empty shell? With this asset sale, you can get a $300,000+ build-out for only $115,000! Not to mention, you have the opportunity to assign onto a lease with an incredible rate of $2.84 per square foot. Current owners purchased and built out this restaurant in 2018. The kitchen is very well-equipped and will work for almost any concept with little-to-no changes necessary. Plus, the equipment is just a few years old and is in excellent operating condition. You could have your restaurant up and running in less than a month!
The restaurant features 1,400 s/ft at a rent of $3,979 all-inclusive. Indoor seating accommodates 34 guests with outdoor seating allowing for 22 more guests. Current operating hours of this business are 11:00-2:30 pm & 5:30-9:00pm Tuesday through Sunday. Current owners have 1 full-time employee, 3 part-time employees, & 2 working owners. The shopping center is very large and provides an ample amount of parking.
Owners are looking to relocate to a larger space that better suits their concept.
|2014 Total Population||70,153||119,432||276,663|
|2010 Number Of Households||25,991||46,587||107,972|
|2010 Persons Per Household||2.49||2.38||2.37|
|Median House Value||$156,100||$165,296||$215,816|
|Income Per Household||$48,461||$47,199||$61,795|
|2009 Number Of Businesses||1,548||2,304||7,205|
|2012 Number Of Employees||34,598||48,204||164,786|
|2012 Total Annual Payroll||$495,918,000||$699,805,000||$3,280,166,000|
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