Costco Outparcel | +30 Year Operating History

1375 W Elliot Rd Tempe, AZ 85284

1375 W Elliot Rd, Tempe, AZ, 85284
1375 W Elliot Rd, Tempe, AZ, 85284 1375 W Elliot Rd, Tempe, AZ, 85284 1375 W Elliot Rd, Tempe, AZ, 85284 1375 W Elliot Rd, Tempe, AZ, 85284 1375 W Elliot Rd, Tempe, AZ, 85284 1375 W Elliot Rd, Tempe, AZ, 85284
FOR SALE NNN Property
Property Type:
Restaurant
Amount:
$3,708,000
Cap Rate:
6.00%
Last Verified:
Aug 28, 2023

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**EXCELLENT PROPERTY VISIBILITY** Subject property features direct frontage on Elliot Road, sees over 56,000 vehicles per day, and is less than a mile from the I-10. **PRIMARY RETAIL INFILL CORRIDOR** The site is located in a Costco outparcel and is surrounded by a host of national retailers including Walmart, The Dump, Ikea, Life Time Fitness, Starbucks, PetSmart, Taco Bell, At Home, Staples, Dollar Tree and a host of others. **HIGH DAYTIME EMPLOYMENT** Over 170,000 employees work within a 2 mile radius of the property, large employers include Swire Coco-Cola, Honeywell, American Airlines, Circle K corporate, and many more. **DENSE RESIDENTIAL AREA** Property sits just minutes away from over 216,000 residents with an impressive house hold income of more than $98,000.

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Map of 1375 W Elliot Rd, Tempe, AZ, 85284

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.