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The Human Bean - Arizona State University 1765 E University Dr

546 SF Retail Building Tempe, AZ 85281 $1,600,000 ($2,930/SF) 5.53% Cap Rate

Investment Highlights

  • Absolute Triple-Net (NNN) Ground Lease with 3% Annual Increases - .71 Acre Parcel with Rights to 41 Off Site Parking Spaces
  • Excellent Location Just Minutes from Arizona State University's Tempe Campus with 79,500+ Students. ASU is the Largest Public University in the U.S.
  • Two Minutes from Tempe Marketplace, a 1.3 Million SF Retail Destination
  • Visible to 74,000 Cars per Day from the Intersection of McClintock Dr. & University Dr.
  • Infill Tempe, AZ - 354,703 Residents in Trade Area

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
546 SF
Building Class
B
Year Built
2017
Price
$1,600,000
Price Per SF
$2,930
Cap Rate
5.53%
NOI
$88,551
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Land Acres
0.71 AC
Zoning
PCC-1
Walk Score ®
Very Walkable (71)
Bike Score ®
Biker's Paradise (91)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

the Human Bean
Filiberto's Mexican Food
Applebee's
Hawaiian Bros Island Grill
Portillo's
Red Robin Gourmet Burgers And Brews
Global Credit Union
Fit4Mom
Lucille's Smokehouse Bar-B-Que
The Keg Steakhouse + Bar

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
132-60-036
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$87,139
  • Listing ID: 33712984

  • Date on Market: 11/1/2024

  • Last Updated:

  • Address: 1765 E University Dr, Tempe, AZ 85281

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