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TEXAS/SOUTHWEST NEWS
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Investor Pays $600/sf for AZ Arby’s

9/07/16

The buyer is Joseph E & May Beylouni, while the seller is TLCF3, LLC. Michael Glickstein of NAI San Diego was involved in brokering this deal.

A 3.2k sf Arby’s in Peoria, AZ has sold for $1.925 mil, or about $600/sf. The property, which includes a drive-thru, is situated on a 31.7k sf parcel at 10320 N 91st Ave.

The Arby’s is an outparcel to a Home Depot- and Kmart-anchored power center that also includes a an At Home and PetSmart. It fronts on the east side of 91st Ave, surrounded by residential neighborhoods, and is on a major thoroughfare that feeds into University of Phoenix Stadium, home to the Arizona Cardinals.

The buyer, Joseph E and May Beylouni, was represented by Michael Glickstein of NAI San Diego. The seller, TLCF3 LLC, was repped by Marcus & Millichap.





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