---
title: "Icons Sports Grill, Gilbert For Sale | PCA"
url: "https://newphoenixcommercialadvisors.com/properties/icons-sports-grill-gilbert/"
description: "Icons Sports Grill: Restaurant for sale in Gilbert, AZ. 6,105 SF. $1,620,000. Listed by Isaiah Clayton, Chad Tiedeman, Phoenix Commercial Advisors."
publisher: "Phoenix Commercial Advisors"
generated: "11/11/2026"
---

# Icons Sports Grill (For Sale)

Restaurant for sale in Gilbert, AZ 85233.

## Public facts

- Status: Available
- Record last edited: 10/18/2026
- Tenancy: STNL
- Traffic: ±32,146 VPD on McQueen Rd
- Trade area (radius 1 mile, 3 miles, 5 miles): Population, 1 mile 12,190; Population, 3 miles 138,081; Population, 5 miles 404,505; Households, 1 mile 4,648; Households, 3 miles 52,906; Households, 5 miles 152,612; Average household income, 1 mile $130,763; Average household income, 3 miles $116,489; Average household income, 5 miles $112,677

- Cross streets: McQueen Rd & Elliot Rd | SEC
- Address: 1475 W Elliot Rd, Gilbert, AZ 85233
- Coordinates: 33.3494389, -111.8218759
- Price: $1,620,000
- Building Size: 6,105 SF
- Property Type: Restaurant
- Site facts: Property type Retail · Restaurant
- Nearby, straight-line miles: US-60 2.5 mi; SanTan Village 5.3 mi; Chandler Fashion Center 5.5 mi
- Investment sale (income-producing retail): yes; PCA investment sales team, led by Chad Tiedeman
- Cap rate (as published): 6.0%
- Description: Icons Sports Grill | 6.00 Cap | 6,105 SF | Net Lease Investment
- About the location: Icons Sports Grill is located along Elliot Road; situated on the south side; just east of McQueen Road.
- Highlights: Established net lease with ±8 years remaining on the primary term (expiring June 2034); landlord responsibilities limited to roof and structure | Proven traffic generator - the location ranks in the top 25% of most-trafficked bars & pubs nationwide according to Placer.ai | Personal guarantee through the first 3 years of the primary term, providing an added layer of security for the investor | Strong scheduled rent increases of 3% annually through the primary term, providing investors stable and predictable income growth and a hedge against inflation | Freestanding ±6,105-square-foot building with covered patio on ±1.14 acres | Low in-place rent of $15.91/SF provides a sustainable occupancy cost for the operator and supports long-term renewal probability | 2 x 5-year renewal options and a full second-generation bar and restaurant buildout | Dense, affluent East Valley demographics with over 405,000 residents and an average household income exceeding $122,000 within a 5-mile radius | Strong visibility along Elliot Road (±17,242 VPD) just east of the signalized McQueen Road intersection, where McQueen carries ±27,000 - 32,000 VPD (ADOT 2023) | Excellent positioning in a hard-corner retail center alongside Chevron, Andy’s Frozen Custard, Sidewinder Subs and Pima Federal Credit Union | Massive daytime population of ±152,606 within 3 miles provides a constant stream of lunch, happy-hour and game-day traffic | Across the intersection from Alta Rise, a 278-unit luxury community completed in 2025; residents average ±35 years of age and ±$207,000 in household income | Steady customer base from nearby employers - Northrop Grumman (across McQueen Road), NXP, Amazon and ASU Research Park - with ±233,378 daytime workers within 5 miles | ±2.5 miles to US-60 (Superstition Freeway) and ±4 miles to Loop 101 (Price Freeway), providing convenient access across the East Valley | Located in Gilbert - the largest incorporated town in the U.S. and ranked the safest city in Arizona by WalletHub (2025)
- Brokers: Isaiah Clayton (602-342-9931); Chad Tiedeman (602-288-3472)
- Offering memorandum, rent roll and financials: on request via the form at https://newphoenixcommercialadvisors.com/properties/icons-sports-grill-gilbert/#om (qualified buyers)
- Photo: https://newphoenixcommercialadvisors.com/assets/img/listings/2610645-1200.webp
- Listing ID: 2610645 (source: PCA listing system, updated 10/18/2026)

Contact Phoenix Commercial Advisors, 602-957-9800, marketing@pcaemail.com.

The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy. All information should be verified prior to purchase. The broker and/or agent recommends Buyers independently verify every item of information to buyer's full satisfaction.