4501-4505 N 32nd St - Restaurant FOR SALE


Phoenix, AZ 85018- East Phoenix
$4,955,966 USD
602-687-6780
4501-4505 N 32nd St, Phoenix, AZ for Sale
$4,955,966 USD
Restaurant - FOR SALE
1/5
null | 6% Cap Rate

4501-4505 N 32nd St
Phoenix, AZ 85018
East Phoenix


HIGHLIGHTS

  • NNN Leases with Two Restaurant Brands - ChopShop has 27 Locations and Minnow is Part of an Established Phoenix-Based Restaurant Group
  • Very Desirable Location in the Arcadia Neighborhood - Adjacent to the Biltmore Corridor
  • Both Tenants Performing Extremely Well – Strong Reported Store Sales
  • Dense Trade Area in the Heart of Phoenix's Arcadia Neighborhood - Daytime Population Exceeds 531,000 People within a 5-Mile Radius
  • Annual Rental Increases with Multiple Renewal Options
  • Hard Corner Location, Easily Accessible by ±44,500 Cars per Day

OVERVIEW

Original ChopShop was founded in Scottsdale, Arizona in 2013 and now operates 27 locations and counting throughout the Phoenix, Tucson, Dallas, Houston, and Atlanta markets. Original ChopShop serves protein bowls, juices, salads, and sandwiches made from scratch. Original ChopShop provides a warm, welcoming place where guests “Fuel Their Well-Being” with flavorful food that’s “Chopped-in-Shop” daily with real, quality ingredients. Minnow is a sushi, matcha, and cocktail bar that opened its first location in Phoenix in 2025. Open from 7am to 8pm daily (9pm on Fridays and Saturdays), Minnow aims to be the kind of place people can stop in for a morning matcha, come back for lunch, swing by for happy hour, or settle in for dinner and cocktails. The menu is centered around fresh sushi, craveable small plates, and a thoughtful matcha program, alongside craft cocktails, beer, and wine. The Phoenix metro consists of Maricopa and Pinal counties, and includes more than 30 incorporated and more than 30 unincorporated towns and cities. As of 2020, Metro Phoenix had 4.8 million residents, making it the nation’s 11th-largest metropolitan area. The largest city is Phoenix, which encompasses about 520 square miles and boasts a population of more than 1.6 million.

FOR SALE DETAILS

PRICE

$4,955,966 USD

PRICE/SF

$1,338 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Original ChopShop & Minnow - 2 Tenant NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,136 SF

ZONING

C-1

APN/PARCEL ID

170-21-036A

ASK ABOUT THIS PROPERTY

Christopher LindMarcus & MillichapMore Info
602-687-6780

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Christopher LindMarcus & MillichapMore Info
602-687-6780

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.