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5601-5609 W Glendale Ave 13,900 SF 100% Leased Retail Building Glendale, AZ 85301 $1,350,000 ($97.12/SF) 5.70% Cap Rate
Investment Highlights
- Low Basis Price Per Square Foot, Great Investment Opportunity
- Flexible Lease Terms, Providing Re-Structuring Value Add Opportunity
- Multi-Tenant Retail Investment or Owner User Property In Oldtown Glendale
Executive Summary
Presenting a rare opportunity to acquire a multi-tenant inline retail building prominently located on Glendale Avenue in the heart of Oldtown Glendale. This highly walkable, pedestrian-friendly location benefits from strong foot traffic and is situated within a well-established, commercially zoned district with consistently high occupancy rates. The property features a diverse tenant mix with long-term occupants currently operating under below-market lease rates, providing significant upside potential. All leases include landlord-favorable early termination clauses, offering flexibility for repositioning or redevelopment. - Please Do Not Disturb Tenants
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
13,900 SF
Building Class
B
Year Built
1935
Price
$1,350,000
Price Per SF
$97.12
Cap Rate
5.70%
NOI
$76,950
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.82
Lot Size
0.39 AC
Opportunity Zone
Yes
Zoning
C-T-C PR
Parking
7 Spaces (0.59 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
Fairly walkable
50/100
Moderately drivable
70/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $12,204 | Total Assessment | $80,672 |
Property Taxes
Parcel Numbers
Land Assessment
$12,204
Improvements Assessment
$0
Total Assessment
$80,672
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5601-5609 W Glendale Ave
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