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Restaurant

GADZOOKS

505 W University Dr, Tempe, AZ 85281

Listing Price: $2,541,818

Cap Rate
6.05%
Tenant Name
GADZOOKS
Years Remaining On Lease
15.6
Gross SF
2,342
Guarantor
Franchisee Guarantee
Rentable SF
2,342
Price/Gross SF
$1,085.32
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$65.66

Investment Overview

Marcus & Millichap is pleased to present this Single Tenant Triple Net Lease asset for sale at 505 W University Dr. Tempe, AZ 85281. Built in 1978 and renovated in 2019, the GADZOOKS occupied building in the Phoenix AZ State University Submarket, and is centrally positioned near Arizona State University Tempe Campus, ASU Art Museum, Tempe St Luke's Hospital, plenty of support retail, and residential. GADZOOKS has 5 locations in Maricopa County, and is located near numerous other retailers and residential communities.

Investment Highlights

  • Strong submarket with a 2023 population of 57,809 within 2 miles
  • Average household income $62,836 within 2 miles
  • Traffic counts of 26,351
  • 21,650 Households within 2 miles
  • 4 minutes from Arizona State University
  • 3 minutes from Tempe St Luke's Hospital

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s) AZ: BR675146000

    Arizona

Listing Price: $2,541,818

Cap Rate
6.05%
Tenant Name
GADZOOKS
Years Remaining On Lease
15.6
Gross SF
2,342
Guarantor
Franchisee Guarantee
Rentable SF
2,342
Price/Gross SF
$1,085.32
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$65.66

Investment Highlights

  • Strong submarket with a 2023 population of 57,809 within 2 miles
  • Average household income $62,836 within 2 miles
  • Traffic counts of 26,351
  • 21,650 Households within 2 miles
  • 4 minutes from Arizona State University
  • 3 minutes from Tempe St Luke's Hospital

Investment Overview

Marcus & Millichap is pleased to present this Single Tenant Triple Net Lease asset for sale at 505 W University Dr. Tempe, AZ 85281. Built in 1978 and renovated in 2019, the GADZOOKS occupied building in the Phoenix AZ State University Submarket, and is centrally positioned near Arizona State University Tempe Campus, ASU Art Museum, Tempe St Luke's Hospital, plenty of support retail, and residential. GADZOOKS has 5 locations in Maricopa County, and is located near numerous other retailers and residential communities.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s): AZ: BR675146000

    Arizona

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