the teapot - business and real estate for...

THE TEAPOT -BUSINESS ANDREAL ESTATE FORSALE818 N. 5TH AVE.PHOENIX, AZ 85003

Justin HorwitzSenior [email protected]

Paul Borgesen [email protected]

OFFERING SUMMAROFFERING SUMMARYY

Sale Price: $750,000

Building Size: 1,110

Lot Size: 0.16 Acres

Year Built: 1906

Year Renovated: 2016

Zoning: DTC-S-ROO

Submarket: Downtown Phoenix

PROPERPROPERTTY HIGHLIGHTSY HIGHLIGHTS

• Price Includes Both Business and Real Estate

• Prime Downtown Phoenix Location

• Immediate Roosevelt Row Proximity

• Walking Distance to Light Rail

• Surrounded by New Urban Development

• Award Winning Bars and Restaurants in Neighborhood

• Plug and Play Business Operation to Build Upon

• Historic Property Fully Restored in 2016

THE TEAPOT - BUSINESS AND REAL ESTATE FOR SALE | 818 N. 5TH AVE. PHOENIX, AZ 85003 SVN | Desert Commercial Advisors |

Executive Summary

SVN is proud to present for sale The Teapot at 818 N. 5th Ave in downtown Phoenix. The

site includes a 1,110 SF retail building on a 7,009 SF lot in the heart of the urban core. This

offer price includes both the real estate and The Teapot business with all FF&E in place.

The Teapot operates as a neighborhood coffee shop and cafe with a family oriented

business. With demand for Downtown living dramatically increasing, opportunities for

neighborhood retail are endless making this a a very attractive opportunity.

PROPERPROPERTTY OY OVERVERVIEWVIEW

The subject property is extremely well located just south of Roosevelt Row in the heart of

Downtown Phoenix. The site offers extremely convenient access to the I-10 Freeway via

7th Ave, 3rd St and 7th St. The site is walking distance to the busiest Light Rail station,

Talking Stick Resort Arena, Chase Field, and Downtown campuses including ASU, U of A,

and NAU. The area amenities consists of endless amounts of restaurants and recreational

venues. With good Light Rail and Freeway access, Sky Harbor International Airport is only

minutes away.

In recent years, Downtown Phoenix has undergone dramatic transformation. With renewed

urban vibrancy and a locally owned charm, Downtown Phoenix is becoming the epicenter

for students and young professionals alike, creating tremendous demand for urban living.

LLOCOCAATION OTION OVERVERVIEWVIEW


Property Description

Company: The Teapot

Founded: March 2016

Total Revenue (July '16 - June '17) $162,571

Net Income (June 2017 YTD): $21,083

Website: www.theteapotus.com

OOVERVERVIEWVIEW

• Large "word of mouth" following

• Solid Growth in Short Time Period

• Upside w/ Additional Months of Operation

TENANT HIGHLIGHTSTENANT HIGHLIGHTS

The Teapot originally opened in early 2016 after the Owners fullyrestored this historic house in downtown Phoenix's Rooseveltneighborhood. The concept is simple...create a family friendly coffeeshop, restaurant and event space centered around health living andhealthy eating. Since its inception, The Teapot has quickly gained inpopularity attracting followers from far beyond just the immediatearea and has become a known spot around the Valley. While theoutdoor space offers almost endless options, the venue a hashosted a wide range of events including small concerts, readingsand story time for kids, various children's events, and yoga classes.With its upscale historic charm, the options are truly endless for thisconcept to grow in downtown Phoenix and beyond.

THE TEAPOTHE TEAPOTT


Business Profile

SSALE PRICEALE PRICE $750$750,,000000

LLOCOCAATION INFTION INFORMAORMATIONTION

Building Name The Teapot - Business and Real Estate For Sale

Street Address 818 N. 5th Ave.

City, State, Zip Phoenix, AZ 85003

County/Township Maricopa

Market Phoenix

Submarket Downtown Phoenix

Cross Streets S/SWC 5th Ave. and Roosevelt St.

BUILDING INFBUILDING INFORMAORMATIONTION

Building Size 1,110 SF

Occupancy % 100%

Tenancy Single

Number Of Floors 1

Year Built 1906

Last Renovated 2016

Construction Status Existing

Condition Excellent

Free Standing Yes

PROPERPROPERTTY DETY DETAILSAILS

Property Type Retail

Property Subtype Street Retail

Zoning DTC-S-ROO

Lot Size 0.16 Acres

APN# 111-39-123

Lot Frontage 50'

Lot Depth 140'

UTILITIES/AMENITIESUTILITIES/AMENITIES

Gas / Propane Southwest Gas

Power APS

Sewer/Water City of Phoenix


Property Details


Additional Photos


Aerial Map


Location Maps


Retailer Map


Metro Light Rail

PHOENIX, AZPHOENIX, AZ

Downtown Phoenix is a center for employment, education, professional sports, living, arts and culture. The dramatic changes over the past five years provided asurge in momentum and even more development. In addition to large-scale projects such as the Phoenix Convention Center expansion, Valley Metro Light Railand the Phoenix Biomedical Campus serving as major activity centers, there is a real grassroots effort by residents and employees to create a true downtowncommunity. Home to numerous major employers, Downtown Phoenix boasts the highest concentration of employment in the state.

TTOP PHOENIX EMPLOP PHOENIX EMPLOOYERSYERS

COMPANY # of EMPLOYEES

Banner Health 8,184

Honeywell 6,247

American Express 5,880

St. Joseph's Hospital 4,109

Bank Of America 3,753

DDT PHX HIGHLIGHTST PHX HIGHLIGHTS

• 3,512 Businesses | 63,494 Employees

• ±6,000 Multi Family Units Existing, Under Construction, or in Planning

• Over 800,000 SF of Retail Space | 165+ Restaurants

• 9.8 million SF of Office Space | 880K SF of Convention Center Space

• 20,000+ Students at ASU, U of A, and NAU Downtown Campuses

• ±$721mm in Consumer Spending


City Information - Phoenix

the teapot - business and real estate for...

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