Gilbert, Arizona, a rapidly growing community with a population of approximately 290,000 residents, offers a diverse range of investment opportunities in the restaurant industry. Restaurants for sale in Gilbert present a unique chance to tap into the town's strong economy, competitive schools, and safe neighborhoods. As a hub for advanced manufacturing, aerospace and defense, biotechnology, clean technology, and renewable energy, Gilbert attracts a diverse workforce and population, creating a demand for quality dining experiences. The town's infrastructure, including the Santan Freeway (Loop 202) and regional arterials like Williams Field Road, Chandler Boulevard, and Gilbert Road, ensures easy accessibility and connectivity. Furthermore, Gilbert's pleasant subtropical, hot desert climate and abundance of amenities, such as the Gilbert Parks and Recreation department's 600 acres of open space, 37 park ramadas, four public pools, a riparian area, and over 40 sports fields, make it an attractive location for businesses and residents alike. Notable attractions like the Gilbert Arizona Temple, Gilbert Historical Museum, and 9/11 Memorial at Town Hall add to the town's appeal, making it an excellent place to invest in a restaurant.
Gilbert's restaurant scene is part of a larger landscape of commercial properties, including 4 restaurants for sale. In addition to restaurants, Gilbert also offers investment opportunities in apartment buildings, shopping centers, specialty properties, and hotels. For instance, apartment buildings in Gilbert provide a chance to capitalize on the town's growing population and demand for housing. Shopping centers, like the ones found in the Heritage District, offer a mix of retail and dining experiences. Specialty properties, such as those focused on advanced manufacturing or biotechnology, cater to the town's diverse industries. Hotels, like those near the Phoenix Mesa Gateway Airport, serve the needs of business travelers and tourists. With its diverse economy, pleasant climate, and abundance of amenities, Gilbert presents a compelling case for investing in a restaurant or other commercial property.
What is the average cost per square foot for a restaurant in Gilbert?
The average cost per square foot for a restaurant in Gilbert is $505 USD per square foot, with an average size of 8,929 square feet and a largest size available of 13,341 square feet, making it an attractive option for restaurateurs looking to establish a presence in this growing community.
What factors determine the value of a restaurant for sale in Gilbert?
The value of a restaurant for sale in Gilbert is determined by a combination of factors, including:
- Location, with proximity to major transportation facilities like the Santan Freeway and US 60 Superstition Freeway, as well as access to amenities like parks and recreation areas, influencing foot traffic and customer accessibility;
- Size and layout, with an average size of 8,929 square feet and a maximum size of 13,341 square feet, affecting seating capacity, kitchen efficiency, and overall operational functionality;
- Financial performance, including the average price per square foot of $505 USD and an average cap rate of 6.51%, which impact the restaurant's profitability and potential for return on investment.
