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.

Additional URLs

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

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.