Your email has been sent.
10240 N 43rd Ave 7,195 SF 79% Leased Retail Building Glendale, AZ 85302 $3,384,078 ($470.34/SF) 6% Cap Rate
Investment Highlights
- Located in Glendale's premier retail corridor near Target, Wells Fargo, and other national retailers
- NNN lease structure, which enables tenants to assume responsibility for nearly all operating expenses, including taxes, insurance, and maintenance
- Exceptional visibility and accessibility with its prime location on N 43rd Ave, benefiting from exposure to over 27,000 vehicles per day (VPD)
Executive Summary
Located at 10240 N. 43rd Avenue in Glendale, Arizona (Population 257,125)
within the thriving Phoenix Metropolitan Area. This 7,195 sf multi-tenant
pad building sits on a 0.55ac lot and is 80% leased to two established
corporate tenants: Little Caesars and NextCare Urgent Care. The property is
strategically positioned directly in front of a recently renovated Target on
the high-traffic southwest corner of 43rd Avenue and Peoria Avenue,
offering exceptional visibility alongside a refreshed anchor tenant driving
consistent customer traffic.
With over 60,000 vehicles per day, the property benefits from outstanding
exposure in one of Glendale's most active retail corridors. The surrounding
trade area features over 348,750 residents within 5 miles and an average
household income of $91,500 within 1 mile.
Located just 2 miles from the I-17 Freeway with excellent regional
accessibility, the property is co-tenanted alongside the newly renovated
Target, Wells Fargo, Denny's, and Walgreens within Glendale Towne Center.
This represents an outstanding opportunity for investors seeking stable
income with minimal management. The triple-net lease structure and
staggered lease terms extending through 2030 provide predictable cash
flow with limited landlord responsibilities. Combined with the recent Target
renovation, strong demographics, and superior visibility, Glendale Towne
Center is a compelling acquisition in one of Phoenix's most established retail
markets.
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- -
- $20.00
- Triple Net
- Nov 2014
Little Caesars began in 1959 when Mike and Marian Ilitch opened a single pizza restaurant in suburban Detroit. The company grew through franchising and later expanded into international markets, with business materials describing a model centered on quality, convenience, and value. Today, Little Caesars focuses on pizza restaurants, franchise development, and carryout-oriented service, while also supporting community programs such as the Love Kitchen and fundraising initiatives.
-
- Health Care and Social Assistance
- -
- -
- Triple Net
- Jul 2026
At NextCare® Urgent Care, one of the nation's leading urgent care providers, NextCare is there for their patients with quality health care they can trust when they need it the most. Daytime, evenings, weekends, holidays or after doctor's office hours, their experienced, compassionate staff and health care providers offer same-day care in dedicated medical centers so patients can get back to feeling better sooner. Emergency rooms are not the fastest or most cost effective choice when patients need immediate health care, and often it takes days to get in to see a primary care physician or specialist. Patients could wait hours in the E.R. for less serious health concerns, and that's too much time and money lost. That's why NextCare Urgent Care is the ideal alternative for their health care needs. Clinics are operated by top quality medical professionals, so their patients can be confident that they're getting the highest level of care.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | - | $20.00 | Triple Net | Nov 2014 | |
|
|
Health Care and Social Assistance | - | - | Triple Net | Jul 2026 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 148-06-552 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $75,005 |
Property Taxes
Presented by
10240 N 43rd Ave
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.