An exceptional opportunity to acquire a professionally built bar space in a premier Class A Gilbert development. Offered as a true asset sale with lease transfer, this opportunity is priced at $75,000 — a fraction of replacement cost. Replicating this buildout today would require over $350,000 in construction and infrastructure investment.
Included Buildout & Infrastructure • 1,627 SF retail space plus patio • Custom full-glass garage door system opening to outdoor seating • Expansive walk-in cooler with customer-facing display doors • Capacity for approximately 30 kegs plus cold storage • 30-tap draft system installed • Modern country wood plank interior finishes • Upgraded restrooms with new countertops, sinks, and toilets • Spotless flooring throughout cold prep area and bar • Grease trap installed • Space to accommodate a 6-foot hood system and prep line for small/medium kitchen buildout (hood not currently installed) The Lease – A Significant Value Component Lease runs through March 31, 2032 Two (2) five-year renewal options Current base rent: approximately $3,950–$4,105 per month Estimated NNN: $1,085–$1,355 per month Approximate all-in occupancy: $5,000–$5,400 per month Why This Lease Is a Big Deal Comparable Class A retail space in Gilbert is commonly leasing in the $38–$45+ per square foot range, which equates to approximately: • $5,150–$6,100+ per month base rent for similar square footage This lease is effectively running at approximately $35–$45 per square foot, representing a savings of roughly $2,000–$3,000 per month compared to current market rates for similar new construction space. Over the remaining lease term, that delta represents substantial long-term occupancy savings. This is not just an asset purchase — it is a favorable long-term lease position in a premium development.
Use Restrictions The center has existing exclusives and restrictions that prohibit: • Italian concepts • Sub / hoagie style sandwich shops • Salad-focused concepts • Bakery-focused concepts • Japanese / Asian fast casual • Breakfast-focused bakery concepts • Pizza-dominant concepts Buyer Requirements: Landlord approval is required for lease assignment The landlord will only approve highly qualified buyers with: • Strong credit • Verifiable financial strength • Detailed business plan • Professional operator bio and experience This is a professionally managed Class A project — approval standards are high. The business is listed by HUB AZ Brokers (ADRE #LC688931000), an affiliate of Sunbelt Business Brokers of Phoenix. All listing and financial information to be verified by the buyer during due diligence.