2030 E Elliot Rd 4,316 SF Retail Building Tempe, AZ 85284 $3,500,000 ($810.94/SF) 5.33% Cap Rate
EXECUTIVE SUMMARY
Former Kneaders Bakery & Cafe | Corner Location in Discovery Business Campus
Property Overview:
An exceptional opportunity to own or lease a 4,316 SF freestanding building with a drive-thru, ideally suited for fast food or quick-service restaurant concepts. Located in a high-traffic area in the heart of the Discovery Business Campus, this property is surrounded by major national tenants, including Chipotle and MOD Pizza.
The CAP is based on Proforma NOI since the tenant has closed its business.
Key Features:
Building Size: 4,316 SF
Additional Storage: 1,412 SF detached warehouse
Drive-Thru: Existing infrastructure in place
Traffic Count: 33,666 vehicles/day (E. Elliot Rd, as of 10/30/2019)
Location Highlights: Corner lot in Discovery Business Campus
Nearby Tenants: Chipotle, MOD Pizza, Smashburger, and more
Status: Formerly Kneaders Bakery & Café (closed March 2025)
Availability: For Sale or Lease
This is a rare opportunity to secure a well-located, fully built-out restaurant space with strong drive-by exposure.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$188,760
|
$43.73
|
PROPERTY FACTS
AMENITIES
- Drive Thru
- Storage Space
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Prime Fast Food Drive-Thru Property For Lease or Sale Former Kneaders Bakery & Cafe | Corner Location in Discovery Business Campus Property Overview: An exceptional opportunity to own or lease a 4,316 SF freestanding building with a drive-thru, ideally suited for fast food or quick-service restaurant concepts. Located at a high-traffic intersection in the heart of the Discovery Business Campus, this property is surrounded by major national tenants including Chipotle and MOD Pizza. Key Features: Building Size: 4,316 SF Additional Storage: 1,412 SF detached warehouse Drive-Thru: Existing infrastructure in place Traffic Count: 33,666 vehicles/day (E. Elliot Rd, as of 10/30/2019) Location Highlights: Corner lot in Discovery Business Campus Nearby Tenants: Chipotle, MOD Pizza, and more Status: Formerly Kneaders Bakery & Café (closed March 2025) Availability: For Sale ($3,270,000) or Lease This is a rare opportunity to secure a well-located, fully built-out restaurant space with strong drive-by exposure.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 4,316 SF | Restaurant | In-Line | May 2025 |
1st Floor
| Size |
| 4,316 SF |
| Space Use |
| Restaurant |
| Position |
| In-Line |
| Available |
| May 2025 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 301-49-822 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $261,011 |
