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5723 W Glendale Ave 3,843 SF Retail Building Glendale, AZ 85301 $1,700,000 ($442.36/SF) 6.26% Cap Rate
Investment Highlights
- Hard corner location in Historic Downtown Glendale, one of the most recognized dining and entertainment districts in the West Valley
- Brand new 5 year lease through January 2031 with 3% annual escalations
- PR (Pedestrian Retail) zoning supporting bar, restaurant, and retail uses
- Home of La Perla, a Glendale dining institution dating to 1946, open and operating
- Patio frontage along the Glendale Ave corridor
Executive Summary
Positioned at the center of the Historic Downtown Glendale entertainment district, 5723 W Glendale Ave presents a rare opportunity to acquire a ±3,843 SF freestanding bar and restaurant on the hard corner of Glendale Avenue and 57th Drive. The tenant operates under a brand new five year lease commencing February 2026, with 3% annual increases and a personal guaranty in place. Investors gain immediate, growing cash flow with no near term rollover risk.
The offering includes two parcels totaling ±9,750 SF (±0.22 acres), combining the building parcel with a dedicated on-site parking lot, a distinct advantage in a downtown district where most operators rely on street and shared public parking.
The offering includes two parcels totaling ±9,750 SF (±0.22 acres), combining the building parcel with a dedicated on-site parking lot, a distinct advantage in a downtown district where most operators rely on street and shared public parking.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
3,843 SF
Building Class
B
Year Built
1982
Price
$1,700,000
Price Per SF
$442.36
Cap Rate
6.26%
NOI
$106,420
Tenancy
Single
Building Height
1 Story
Building FAR
0.59
Lot Size
0.15 AC
Opportunity Zone
Yes
Zoning
PR - The property at 5723 W. Glendale Ave, Glendale, AZ 85301 is located within the Glendale Centerline Overlay District (GCO) and Entertainment District.
Parking
10 Spaces (2.6 Spaces per 1,000 SF Leased)
Frontage
100’ on Glendale Ave
Amenities
- Corner Lot
- Air Conditioning
- Smoke Detector
Fairly walkable
50/100
Moderately drivable
70/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 146-02-931 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $39,475 |
Property Taxes
Parcel Number
146-02-931
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$39,475
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