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  1. Retail Space
  2. AZ
  3. Tempe

Cornerstone Retail, LLC

For Lease 4,017 SF

705 S Rural Rd, Tempe, AZ 85281

Located on the northeast corner of Rural Road and University Drive, Cornerstone is home to the famous Tempe Improv, Trader Joe's, Einstein Bagels and Buffalo Wild Wings among other popular shops and restaurants.  Adjacent to ASU, Cornerstone is an extremely popular area and offers an array of retail and office space in Tempe. 

Rental Details

  • Number of spaces 1
  • Total square feet available 4,017 SF
  • For Lease $45.00 - $50.00/SF/YR
  • Space Type Restaurant
  • Lease Type NNN
  • Latest Update Aug 31, 2026
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

True

1 Space Available

Space Name Space Type Lease Rate Total Space Floor Lease Type Expand
COR71101 Restaurant $45.00 - $50.00/SF/YR 4,017 SF 715-1 NNN

COR71101

Space Type

Restaurant

Lease Rate

$45.00 - $50.00/SF/YR

Additional Rent

$9.75/SF/YR

Total Space Available

4,017 SF

Attachments

View Attachment

Floor

715-1

Available Date

Immediate

Lease Type

NNN

Space Number

COR71101

Former Restaurant Space

Location

End-Cap

Drive-Thru

No

Signage

Yes

Signage Options

Building

COR71101

Space Type
Restaurant
Lease Rate
$45.00 - $50.00/SF/YR
Total Space
4,017 SF
Floor
715-1
Lease Type
NNN
Space Type

Restaurant

Lease Rate

$45.00 - $50.00/SF/YR

Additional Rent

$9.75/SF/YR

Total Space Available

4,017 SF

Attachments

View Attachment

Floor

715-1

Available Date

Immediate

Lease Type

NNN

Space Number

COR71101

Former Restaurant Space

Location

End-Cap

Drive-Thru

No

Signage

Yes

Signage Options

Building

Contacts

MK
Marta Kenny

Yam Properties

Building Details

  • For Lease $45.00 - $50.00/SF/YR
  • Property Type Retail
  • Property Size 116,628 SF
  • Additional Rent Price on request
  • Date Updated Aug 31, 2026

Location

  • City Tempe, AZ
  • Neighborhood Hughes Acres
  • Zip Code 85281
  • Map
  • Street
  • Walk score 80/100 Very Walkable
  • Transit score 67/100 Good Transit
  • Bike score 98/100 Biker's Paradise
Powered by Walk Score ®

Points of Interest

University Drive/Rural

0.14 miles

Rural Rd / Apache Blvd

0.53 miles

Paseo Del Saber / Apache Blvd

0.57 miles

Marina Heights / Rio Salado Pkwy

0.64 miles

Veterans Way/ College Ave

0.66 miles

Dorsey / Apache Bvd

0.72 miles

Dorsey/ Apache Blvd

0.72 miles

College Ave / Apache Blvd

0.78 miles

9th St / Mill Ave

0.84 miles

6th St / Mill Ave

0.86 miles

Chevron

0.05 miles

Watermark Visitor Parking

0.82 miles

Wallbox

0.82 miles

Tesla Destination Charger

0.88 miles

Shell

0.92 miles

ChargePoint

0.93 miles

Circle K

0.97 miles

QuikTrip

1.02 miles

chargepoint

1.62 miles

Volta

2.14 miles

Novus Parking Structure

0.18 miles

Tyler Street Parking Structure

0.21 miles

Packard South Parking Structure

0.28 miles

Rural Road Parking Structure

0.35 miles

Parking permit 44

0.38 miles

Parking Lot 41

0.42 miles

Lot 40E

0.42 miles

Stadium Parking Structure

0.45 miles

Parking Lot 27

0.47 miles

Lot 59 NE

0.48 miles

Trader Joe's

0.04 miles

Bharat Bazaar

0.10 miles

P.O.D. Warehouse

0.59 miles

5th Street Deli and Market

0.70 miles

Food City

0.75 miles

Safeway

0.93 miles

Whole Foods Market

0.99 miles

Ross

1.17 miles

Marshalls

1.18 miles

Target

1.26 miles

Listing Summary

  • The Price for Retail Space at 705 S Rural Rd

    The cost of renting retail space in a property highly depends on features such as its location, parking availability and type of retail space, or advantages and features that might be unique to it. When it comes to 705 S Rural Rd, asking rent starts at $$45.00/SF/YR per square foot.

    705 S Rural Rd is located in the Hughes Acres neighborhood, which is home to a total of 38 retail listing(s). In the case of most businesses that need retail space, access to potential customers is critical. This can come in the form of retail space situated in high-traffic pedestrian areas, or convenient suburban locations with good public transport or plenty of parking. Reach out to the listing broker for information on best parking and other access options at or near the property.

  • Retail Space Options Available at 705 S Rural Rd

    The property exclusively contains Restaurant space totaling 4,017 square feet. The leasing opportunity here is available under NNN lease terms.

    In addition to retail space type, you will also need to consider the space size that you need for your business to operate at its best. You will find 1 retail space(s) ranging from 1,000 square feet to 10,000 square feet at 705 S Rural Rd, which can serve small or medium retail businesses that are planning to accommodate growth throughout the duration of their lease at this address. For more information or to schedule a tour of the property, reach out using the contact form on this page to get in touch with a broker.

  • Get to Know the Retail Scene in the Hughes Acres Neighborhood

    705 S Rural Rd is located in the Hughes Acres neighborhood of Tempe. The Hughes Acres retail market offers 38 retail listing(s), representing a total of 188,732 square feet of retail space for lease.

    The most common retail type in the Hughes Acres neighborhood is Restaurant, of which the market currently offers 5 space(s). You can also find 4 Street Retail space(s).

    When looking for retail space for your company, picking the right area is essential. Some neighborhoods have a long history of being top shopping destinations in general, while others gain a reputation for strongly representing a specific type of business. In addition to knowing the reputation of your chosen business location neighborhood, it’s also important to know your customer base. For instance, the average Hughes Acres resident is 29 years old, and the median household income here is $71,787 per year.

Contact Marta Kenny
MK
Marta Kenny

Yam Properties

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