Peoria, Arizona, a suburb of Phoenix, has experienced significant growth over the years, making it an attractive location for investing in restaurants. With a population of around 170,000, Peoria offers a diverse range of amenities, infrastructure, and educational institutions, creating a favorable environment for businesses to thrive. Restaurants in Peoria can represent a variety of investments, from casual eateries to fine dining establishments, catering to the city's growing population and visitors. The city's amenities, such as the Peoria Sports Complex and the Peoria Center for the Performing Arts, attract tourists and locals alike, creating a demand for restaurants that can cater to different tastes and preferences. Additionally, Peoria's location near Lake Pleasant and its mix of mountains, hills, and water bodies provide a unique natural landscape that can be leveraged by restaurants to create a distinctive dining experience. Overall, Peoria's blend of recreational amenities, educational institutions, and natural beauty make it an attractive location for investing in restaurants.
With 6 restaurants for sale in Peoria, investors have a range of options to choose from. The average price per square foot for restaurants in Peoria is $757 USD, with an average size of 4,829 square feet. The largest restaurant available for sale is 11,638 square feet, offering ample space for a variety of dining concepts. In addition to restaurants, Peoria also offers other investment opportunities, such as apartment buildings, shopping centers, specialty properties, and hotels. For instance, apartment buildings in Peoria offer a unique opportunity to invest in a growing rental market, while shopping centers provide a chance to capitalize on the city's retail sector. Specialty properties, such as office buildings and warehouses, can cater to the city's industrial and commercial needs, and hotels can tap into the tourism industry. Overall, Peoria's diverse range of investment opportunities makes it an attractive location for investors looking to diversify their portfolios.
What is the average cost per square foot for a restaurant in Peoria?
The average cost per square foot for a restaurant in Peoria is $757 USD per square foot, with 6 available listings, ranging in size from 4,829 square feet to 11,638 square feet, and an average cap rate of 5.83%.
What factors determine the value of a restaurant for sale in Peoria?
When evaluating the value of a restaurant for sale in Peoria, several key factors come into play, including:
- Location, with proximity to major transportation hubs like Loop 303 and Loop 101, as well as popular amenities like the Peoria Sports Complex and Lake Pleasant, being highly desirable;
- The restaurant's size, with an average size of 4,829 square feet, and a maximum size of 11,638 square feet, impacting its capacity and potential revenue;
- Financial performance, including the average cap rate of 5.83% and the average price per square foot of $757 USD, which can influence the restaurant's value and potential for return on investment.
