Icons Sports Grill

About this opportunity

Listed by Isaiah Clayton and Chad Tiedeman, Phoenix Commercial Advisors.

Trade-area snapshot

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)

Property overview

Location1475 W Elliot Rd, Gilbert, AZ 85233

• US-60 · 2.5 mi
• SanTan Village · 5.3 mi
• Chandler Fashion Center · 5.5 mi

Get directionsOpen in Google Maps

Listing ID 2610645 · Investment sale · Updated 10/18/2026 · Retail brokers in Gilbert