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Shops C-D | 91st & Cardinals Way, Glendale 5897 91st Ave 9,465 SF 100% Leased Retail Building Glendale, AZ 85305 $8,590,000 ($907.55/SF) 5.25% Cap Rate
Investment Highlights
- 9,465 SF, fully-leased, multi-tenant retail center
- Competitive Price Per Square Foot: The property offers investors an efficient and attractively priced asset at approximately $908 per square foot
- Brand New Construction: Newly constructed asset, offering investors the significant benefits of reduced near-term capital expenditure
- Attractive In-Place Returns: The offering is priced at $8,590,000 with a current cap rate of 5.25% and a Net Operating Income of $450,790
- Prime Location in a High-Growth Entertainment Corridor: Located adjacent to State Farm Stadium, Westgate Entertainment District & Desert Diamond Arena
- 100% Occupied w/Diverse Tenant Mix: Fully leased w/a complementary mix of established regional and national tenants
Executive Summary
91st & Cardinals Way Shops C-D is a ±9,465 square foot, fully leased multi-tenant retail center. The asset generates an NOI of $450,790 and is offered at $8,590,000, representing a 5.25% cap rate.
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
9,465 SF
Year Built
2026
Price
$8,590,000
Price Per SF
$907.55
Cap Rate
5.25%
NOI
$450,790
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Lot Size
1.93 AC
Somewhat walkable
30/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 102-12-920 | Improvements Assessment | $0 |
| Land Assessment | $9,299 | Total Assessment | $9,299 |
Property Taxes
Parcel Number
102-12-920
Land Assessment
$9,299
Improvements Assessment
$0
Total Assessment
$9,299
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Shops C-D | 91st & Cardinals Way, Glendale | 5897 91st Ave
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