10435 N Scottsdale Rd
For Sale
Turn Key Restaurant Building Plus Income + Expansion Opportunity
10435 N Scottsdale Rd Scottsdale, Arizona Two freestanding buildings + center gated courtyard • North Bldg 2,304 SF ( - 213 sf used as restaurant RRs)
Subject
• South Bldg 1,440 SF ( + 213 sf used as restaurant RRs) 3,744 SF
•
Highly desirable Scottsdale/Shea trade area
•
Do not disturb occupants*
•
Zoned C-3
•
Very Large common parking lot
•
Rear access for deliveries
•
Busy neighborhood retail/restaurant area serving Scottsdale and Paradise Valley
•
Subject
Easy access from Shea Blvd
FOR SALE: $1,100,000 *Operating restaurant will be vacated at closing, will be delivered fully equipped/turn-key
For more information:
Sharon Reeves +1 602 852 3422 [email protected]
2944 N 44th Street, Suite 200 Phoenix, Arizona +1 602 955 4000 naihorizon.com
ALL INFORMATION FURNISHED REGARDING PROPERTY FOR SALE, RENTAL OR FINANCING IS FROM SOURCES DEEMED RELIABLE, BUT NO WARRANTY OR REPRESENTATION IS MADE TO THE ACCURACY THEREOF AND SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS PRIOR TO SALE, LEASE OR FINANCING OR WITHDRAWAL WITHOUT NOTICE. NO LIABILITY OF ANY KIND IS TO BE IMPOSED ON THE BROKER HEREIN.
For Sale
Turn Key Restaurant Building Plus Income + Expansion Opportunity
For more information:
2944 N 44th Street, Suite 200 Phoenix, Arizona +1 602 955 4000 naihorizon.com
Sharon Reeves +1 602 852 3422 [email protected] 2
FOR SALE: $1,100,000
©2013 NAI Global ALL INFORMATION FURNISHED REGARDING PROPERTY FOR SALE, RENTAL OR FINANCING IS FROM SOURCES DEEMED RELIABLE, BUT NO WARRANTY OR REPRESENTATION IS MADE TO THE ACCURACY THEREOF AND SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS PRIOR TO SALE, LEASE OR FINANCING OR WITHDRAWAL WITHOUT NOTICE. NO LIABILITY OF ANY KIND IS TO BE IMPOSED ON THE BROKER HEREIN.
3
Turn Key Restaurant Building For Sale Includes An Adjacent Leased Building For Income Or Expansion
$1,100,000 Executive Summary: The subject property consists of two free standing buildings on two lots in the Paradise Valley Plaza retail subdivision. The plaza is located at the southwest corner of Scottsdale Road and Shea Boulevard, in a high traffic area of central Scottsdale. The north building is leased. The south building has been Tiramisu Restaurant since 1985. The restaurant owners plan to close the restaurant and retire when the property is sold or if the restaurant is leased. The turn-key restaurant FF&E will be included in the purchase price.
Building Size:
North Bldg South Bldg
Zoning:
C-3, City of Scottsdale
Parcels:
175-33-73A, plus a 1/90th undivided interest in the large common parking lot 175-33-72A, plus a 1/90th undivided interest in the large common parking lot
Expansion:
Potential to enlarge the restaurant by enclosing the courtyard or by connecting the two buildings
Year Built:
1974
Lot Size:
4,800 sf total (each lot 2,400 sf )
Parking:
Abundant parking is available in the front common area parking lot. The lot is maintained by the Paradise Valley Property Owners’ Association. No overnight parking is permitted.
Utilities:
1 electric meter, with submeters for use in each building 1 water meter 1 gas meter (now serves only the south restaurant building) Trash service (currently through City of Scottsdale and included in water bill)
Annual Expenses:
Property Tax Property Insurance Association Fees Electricity Gas Water/trash/sewer Maintenance
Rent Roll:
Size Rent Started Physician Cert. Svc. 2,091 RSF $2,812 ($16.14/sf) 12/1/10 Restaurant 1,653 RSF To be vacated at sale
2,304 SF ( - 213 sf used as restaurant RRs) = 2,091 RSF 1,440 SF ( + 213 sf used as restaurant RRs) = 1,652 RSF + courtyard entry/seating area 3,744 SF 3,744 RSF
$4,378.64 (2014) $1,600.00 (approx) $3,048.00 ($127 per month per lot) Paid by tenants based on sub-meter reading Paid by restaurant tenant Paid by tenants By tenants (except Landlord to maintain roof of north building) Expires 1/31/16
Options None 4
All information was obtained from sources deemed reliable but cannot be guaranteed by Seller or Broker. Interested parties are directed to independently investigate all matters prior to purchase.
Area Maps N 74th St
E Shea Blvd
Holiday Inn Express
Subject
N Scottsdale Rd
½ N
Subject
5
E Shea Blvd
N Scottsdale Rd
Subject
¿ N
E Gold Dust Ave
Site Plan Not To Scale
Physician Certified Services Storage RR
RR
PRIVATE COUR PR COURTYARD RD FO FOR RESTAURANT NT U USE
Tiramisu Ristorante South Building - 1,653 RSF (including RR area)
7
Turn Key Restaurant Building Plus Income + Expansion Opportunity
10435 N Scottsdale Rd Scottsdale, Arizona Two freestanding buildings + center gated courtyard • North Bldg 2,304 SF ( - 213 sf used as restaurant RRs)
Subject
• South Bldg 1,440 SF ( + 213 sf used as restaurant RRs) 3,744 SF
•
Highly desirable Scottsdale/Shea trade area
•
Do not disturb occupants*
•
Zoned C-3
•
Very Large common parking lot
•
Rear access for deliveries
•
Busy neighborhood retail/restaurant area serving Scottsdale and Paradise Valley
•
Subject
Easy access from Shea Blvd
FOR SALE: $1,100,000 *Operating restaurant will be vacated at closing, will be delivered fully equipped/turn-key
For more information:
Sharon Reeves +1 602 852 3422 [email protected]
2944 N 44th Street, Suite 200 Phoenix, Arizona +1 602 955 4000 naihorizon.com
ALL INFORMATION FURNISHED REGARDING PROPERTY FOR SALE, RENTAL OR FINANCING IS FROM SOURCES DEEMED RELIABLE, BUT NO WARRANTY OR REPRESENTATION IS MADE TO THE ACCURACY THEREOF AND SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS PRIOR TO SALE, LEASE OR FINANCING OR WITHDRAWAL WITHOUT NOTICE. NO LIABILITY OF ANY KIND IS TO BE IMPOSED ON THE BROKER HEREIN.
For Sale
Turn Key Restaurant Building Plus Income + Expansion Opportunity
For more information:
2944 N 44th Street, Suite 200 Phoenix, Arizona +1 602 955 4000 naihorizon.com
Sharon Reeves +1 602 852 3422 [email protected] 2
FOR SALE: $1,100,000
©2013 NAI Global ALL INFORMATION FURNISHED REGARDING PROPERTY FOR SALE, RENTAL OR FINANCING IS FROM SOURCES DEEMED RELIABLE, BUT NO WARRANTY OR REPRESENTATION IS MADE TO THE ACCURACY THEREOF AND SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS PRIOR TO SALE, LEASE OR FINANCING OR WITHDRAWAL WITHOUT NOTICE. NO LIABILITY OF ANY KIND IS TO BE IMPOSED ON THE BROKER HEREIN.
3
Turn Key Restaurant Building For Sale Includes An Adjacent Leased Building For Income Or Expansion
$1,100,000 Executive Summary: The subject property consists of two free standing buildings on two lots in the Paradise Valley Plaza retail subdivision. The plaza is located at the southwest corner of Scottsdale Road and Shea Boulevard, in a high traffic area of central Scottsdale. The north building is leased. The south building has been Tiramisu Restaurant since 1985. The restaurant owners plan to close the restaurant and retire when the property is sold or if the restaurant is leased. The turn-key restaurant FF&E will be included in the purchase price.
Building Size:
North Bldg South Bldg
Zoning:
C-3, City of Scottsdale
Parcels:
175-33-73A, plus a 1/90th undivided interest in the large common parking lot 175-33-72A, plus a 1/90th undivided interest in the large common parking lot
Expansion:
Potential to enlarge the restaurant by enclosing the courtyard or by connecting the two buildings
Year Built:
1974
Lot Size:
4,800 sf total (each lot 2,400 sf )
Parking:
Abundant parking is available in the front common area parking lot. The lot is maintained by the Paradise Valley Property Owners’ Association. No overnight parking is permitted.
Utilities:
1 electric meter, with submeters for use in each building 1 water meter 1 gas meter (now serves only the south restaurant building) Trash service (currently through City of Scottsdale and included in water bill)
Annual Expenses:
Property Tax Property Insurance Association Fees Electricity Gas Water/trash/sewer Maintenance
Rent Roll:
Size Rent Started Physician Cert. Svc. 2,091 RSF $2,812 ($16.14/sf) 12/1/10 Restaurant 1,653 RSF To be vacated at sale
2,304 SF ( - 213 sf used as restaurant RRs) = 2,091 RSF 1,440 SF ( + 213 sf used as restaurant RRs) = 1,652 RSF + courtyard entry/seating area 3,744 SF 3,744 RSF
$4,378.64 (2014) $1,600.00 (approx) $3,048.00 ($127 per month per lot) Paid by tenants based on sub-meter reading Paid by restaurant tenant Paid by tenants By tenants (except Landlord to maintain roof of north building) Expires 1/31/16
Options None 4
All information was obtained from sources deemed reliable but cannot be guaranteed by Seller or Broker. Interested parties are directed to independently investigate all matters prior to purchase.
Area Maps N 74th St
E Shea Blvd
Holiday Inn Express
Subject
N Scottsdale Rd
½ N
Subject
5
E Shea Blvd
N Scottsdale Rd
Subject
¿ N
E Gold Dust Ave
Site Plan Not To Scale
Physician Certified Services Storage RR
RR
PRIVATE COUR PR COURTYARD RD FO FOR RESTAURANT NT U USE
Tiramisu Ristorante South Building - 1,653 RSF (including RR area)
7
