Your email has been sent.
2030 E Elliot Rd 4,316 SF 55% Leased Retail Building Tempe, AZ 85284 $3,750,000 ($868.86/SF) 5.31% Cap Rate
Investment Highlights
- Prime Drive-Thru Restaurant Property for Sale – 4,316 SF Building with 2,316 SF Leased to Black Rock Coffee
- 10-Year NNN Lease + Multiple Renewal Options with 10% Rental Increases Every 5 Years
Executive Summary
This is a unique opportunity to acquire a 4,316 SF freestanding building, fully equipped with an operational drive-thru—ideal for a fast food or quick-service restaurant. The property sits at a prime corner location within Discovery Business Campus, benefiting from high visibility and heavy traffic flow. Nearby national tenants include Chipotle, MOD Pizza, and Smashburger, ensuring a robust customer base. In addition, 2,316 SF of the space is currently leased to Black Rock Coffee, with a solid 10-year NNN lease in place.
Property Highlights
Additional Storage: 1,412 SF detached warehouse
Drive-Thru: Fully operational, ready for use
Traffic Count: 33,666 vehicles/day on E. Elliot Rd. (as of 10/30/2019)
Former Kneaders Bakery & Café | High-Visibility Corner Location in Discovery Business Campus
This property offers great potential for continued success in a high-traffic area with strong neighboring tenants.
Financial Summary (Pro Forma - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$199,200
|
$46.15
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $199,200 |
| Annual Per SF | $46.15 |
Property Facts
Amenities
- Drive Thru
- Storage Space
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Detached Storage – 1,512 SF • $2,000.00/month • Ideal for storage
This 4,300 SF freestanding building is divided into two units. 1. The front unit (app. 2,300 SF), featuring a drive-thru, is leased to Black Rock Coffee. 2. The back unit (app. 2,000 SF ) remains available for lease and is perfectly suited for a restaurant or medical office. 3. A 1,516 SF warehouse at the rear is available for storage. Located on a prime corner within the vibrant Discovery Business Campus, the property offers outstanding visibility and benefits from strong local demand. Neighboring national brands include Chipotle, MOD Pizza, and Smashburger—ensuring a steady flow of potential customers.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,512 SF | Retail | - | Now |
| B | 2,000 SF | Retail | Outparcel | Now |
1st Floor
| Size |
| 1,512 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
B
| Size |
| 2,000 SF |
| Space Use |
| Retail |
| Position |
| Outparcel |
| Available |
| Now |
1st Floor
| Size | 1,512 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Detached Storage – 1,512 SF • $2,000.00/month • Ideal for storage
B
| Size | 2,000 SF |
| Space Use | Retail |
| Position | Outparcel |
| Available | Now |
This 4,300 SF freestanding building is divided into two units. 1. The front unit (app. 2,300 SF), featuring a drive-thru, is leased to Black Rock Coffee. 2. The back unit (app. 2,000 SF ) remains available for lease and is perfectly suited for a restaurant or medical office. 3. A 1,516 SF warehouse at the rear is available for storage. Located on a prime corner within the vibrant Discovery Business Campus, the property offers outstanding visibility and benefits from strong local demand. Neighboring national brands include Chipotle, MOD Pizza, and Smashburger—ensuring a steady flow of potential customers.
Nearby Major Retailers
Property Taxes
| Parcel Number | 301-49-822 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $261,011 |
Property Taxes
Presented by
2030 E Elliot Rd
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.