Highlights
- A Farmer Boys restaurant at 4250 W. Thunderbird Road in Phoenix sold for $2.9 million, per the Phoenix Independent.
- The building was completed in 2025 and Farmer Boys remains the sole tenant under the sale-leaseback arrangement.
- The deal is part of a broader Farmer Boys expansion into Arizona that has added multiple Valley locations in recent years.
- No buyer or seller principals have been disclosed in available public records.
A Farmer Boys restaurant at 4250 W. Thunderbird Road in Phoenix sold for $2.9 million, according to the Phoenix Independent. The building was completed in 2025, and Farmer Boys is the only tenant, remaining in operation through the sale.
The transaction is a textbook net-lease play: a newly constructed, single-tenant restaurant building sold to an investor while the operator stays put. Buyer and seller principals have not been disclosed in available public records.
The Thunderbird Road location is part of a deliberate Arizona push by the Southern California-based chain. The Phoenix Business Journal reported in June 2025 that Farmer Boys had opened its third Phoenix-area restaurant and was planning broader expansion throughout the market. Earlier Arizona openings included a Gilbert location at 1535 N. Higley Road, developed by Atlas and built from the ground up.
No closing date or broker representation has been disclosed in available records.
Sources
Every factual claim in this article traces to one of the sources below. See how we work for the editorial process.
- yourvalley.net retrieved 17/10/2026 07:01
- Phoenix Business Journal retrieved 17/10/2026 07:01
- ktar.com retrieved 17/10/2026 07:01
Authored by The Scottsdale Signal. Drafted by AI from primary-source material under our beat-specific editorial guides; reviewed by humans before publish under our five-gate process. Sources retrieved at 17/10/2026 07:01. Every claim traces to a source.
