List Search

920 S Gilbert Rd
Gilbert, AZ 85296

$4,000,000 USD

Restaurant For Sale  •  4,022 SF

Property Details

  • Property Type Restaurant
  • Total Building Size 4,022 SF
  • Lot Size 0.9 AC
  • Building Class B
  • Year Built 2002
  • Tenancy Single
  • Zoning C-C
28 Transit Score
52 Walk Score

Highlights

4,022 SF freestanding IHOP restaurant on 39,043 SF lot
Absolute NNN lease. Initial term runs through 10/31/2027 with $723,000 of rent remaining as of 10/31/2024. Three additional 5-year option periods
Building recently received roof improvements and HVAC maintenance
Strong potential for redevelopment or re-tenanting upon lease expiration
Owner User or Investment Opportunity
Close proximity to Gilbert Town Square which offers dining, shopping and entertainment; tenants include Pei Wei, Sport Clips, Chipotle and more

Property Flyers

Amenities

  • Signage

Public Transportation

AirportDriveWalkDistance
Phoenix-Mesa Gateway 17 min - 8.9 mi
Phoenix Sky Harbor International 31 min - 20.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 53
Type: Surface
Included in Rent: Yes
Marti Weinstein 224-612-2332 Diversified Partners, LLC
Marti Weinstein 224-612-2332 Diversified Partners, LLC