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2755 W Southern Ave 2,851 SF of Retail Space Available in Tempe, AZ 85282
Sublease Highlights
- Freestanding restaurant building with existing drive-thru infrastructure.
- Corner location provides strong visibility from multiple directions.
- Approximately 0.72-acre site with PCC-1 zoning.
- Located at the SEC of Southern Avenue and 48th Street in Tempe.
- Surrounded by established national and regional retailers.
- Positioned along high-traffic commercial corridors.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,851 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
This offering presents an opportunity to acquire a freestanding quick-service restaurant property with drive-thru functionality at the southeast corner of Southern Avenue and 48th Street in Tempe, Arizona. Positioned on a signalized intersection with substantial vehicular exposure, the property benefits from strong visibility and convenient access within an established commercial corridor. The site consists of approximately 0.72 acres and is improved with a ±2,851-square-foot restaurant building. The property's PCC-1 zoning and existing drive-thru configuration provide functionality for restaurant operators and investors seeking a highly visible retail asset. The surrounding area features a concentration of national and regional retailers, including Food City, McDonald's, Jack in the Box, Salad and Go, and Chase Bank, contributing to consistent consumer activity and commercial presence. Located within the Phoenix metropolitan area, the property offers connectivity to major transportation routes serving Tempe and neighboring employment centers. Southern Avenue and 48th Street carry significant traffic volumes, helping support customer access and brand exposure. The site's position near established residential neighborhoods, retail services, and regional destinations further enhances its long-term utility and appeal. For investors, the asset combines a recognizable restaurant format, prominent corner positioning, and placement within one of the Valley's most active commercial markets. Its established retail setting and accessibility create potential for continued restaurant use or future repositioning consistent with zoning and market demand.
- Sublease space available from current tenant
- Fully Built-Out as a Fast Food Restaurant
- Space is an outparcel at this property
- Space is in Excellent Condition
- Central Air Conditioning
- Drive Thru
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Select Tenants at 2755 W Southern Ave, Tempe, AZ 85282
- Tenant
- Description
- US Locations
- Reach
- Wendy's
- Fast-food
- 6,169
- International
| Tenant | Description | US Locations | Reach |
| Wendy's | Fast-food | 6,169 | International |
Property Facts
| Total Space Available | 2,851 SF | Gross Leasable Area | 2,851 SF |
| Property Type | Retail | Year Built | 1988 |
| Property Subtype | Fast Food | Parking Ratio | 11.22/1,000 SF |
| Total Space Available | 2,851 SF |
| Property Type | Retail |
| Property Subtype | Fast Food |
| Gross Leasable Area | 2,851 SF |
| Year Built | 1988 |
| Parking Ratio | 11.22/1,000 SF |
About the Property
Freestanding retail property featuring an existing quick-service restaurant layout with drive-thru capability. The site is located at the southeast corner of Southern Avenue and 48th Street in Tempe, Arizona. The property contains a ±2,851-square-foot building situated on approximately 0.72 acres and is zoned PCC-1. Surrounding commercial users include Food City, McDonald's, Jack in the Box, Salad and Go, and Chase Bank. The sale sheet reports traffic counts of approximately 35,577 vehicles per day on 48th Street and 30,418 vehicles per day on Southern Avenue. The 2025 property taxes are listed as $22,595.
- Drive Thru
Nearby Major Retailers
Contact the Leasing Agent
2755 W Southern Ave