Phoenix, Arizona, a city known for its sunny weather and outdoor recreational opportunities, is an ideal location for a restaurant, with its thriving food scene and diverse population of around 1.7 million people. With a restaurant for lease, entrepreneurs can capitalize on the city's growing demand for dining options, particularly in areas with high foot traffic and proximity to major attractions. Phoenix's infrastructure, including its grid-like street layout and wide roadways, makes it easy for customers to navigate and access restaurants. The city's many amenities, such as the Phoenix Zoo, Desert Botanical Garden, and South Mountain Park, also attract visitors and locals alike, creating a potential customer base for restaurants.
With 50 restaurants for lease in Phoenix, entrepreneurs have a range of options to choose from, each with its unique characteristics and advantages. In addition to restaurants, Phoenix also offers a variety of other commercial properties, including retail space, commercial real estate, and flex space, each with its own benefits and opportunities. For example, retail space in Phoenix can provide a high-visibility location for businesses, while commercial real estate can offer a range of office and warehouse spaces. Flex space, on the other hand, can provide a versatile and adaptable option for businesses with unique needs. With an average annual rent of $41 USD per square foot and an average size of 3,931 square feet, restaurants for lease in Phoenix offer a range of options to suit different business needs and budgets. Whether you're looking to establish a new restaurant or expand an existing one, Phoenix provides a dynamic and supportive environment for entrepreneurs to thrive.
How are restaurant leases typically structured?
In Phoenix, restaurant leases are typically structured as triple-net (NNN) leases, where the tenant is responsible for paying rent, property taxes, insurance, and maintenance costs. The average annual rent per square foot for a restaurant lease in Phoenix is $41 USD, with an average size of 3,931 square feet, and a maximum space size of 9,200 square feet, offering flexibility for restaurateurs to find the perfect space to suit their business needs.
What kitchen equipment is usually included in restaurant leases?
When searching for restaurants for lease in Phoenix, you'll typically find that kitchen equipment is included in the lease, such as commercial-grade ovens, stoves, refrigerators, freezers, dishwashers, and sinks. The specific equipment included may vary depending on the restaurant's concept and size, but generally, you can expect to find the necessary appliances to support food preparation and service.
