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Shops B | 91st & Cardinals Way | Glendale, AZ 5937 91st Ave 12,421 SF 100% Leased 4-Star Retail Building Glendale, AZ 85305 $10,670,000 ($859.03/SF) 5.25% Cap Rate
Investment Highlights
- 12,241 SF, fully-leased, multi-tenant retail center
- Competitive Price Per Square Foot: The property offers investors an efficient and attractively priced asset at approximately $859 per square foot
- Brand New Construction: Offering investors the significant benefits of reduced near-term capital expenditure
- Attractive In-Place Returns: The offering is priced at $10,670,000 with a current cap rate of 5.25% and a Net Operating Income of $560,074
- Prime Location in a High-Growth Entertainment Corridor: Located adjacent to State Farm Stadium, Westgate Entertainment District & Desert Diamond Arena
- 100% Occupancy w/Diverse Tenant Mix: Fully leased with a complementary mix of established regional & national tenants
Executive Summary
12,241 SF, fully-leased, multi-tenant retail center
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
12,421 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2026
Price
$10,670,000
Price Per SF
$859.03
Cap Rate
5.25%
NOI
$560,074
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Lot Size
2.19 AC
Amenities
- Drive Thru
Somewhat walkable
30/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 102-12-919 | Improvements Assessment | $0 |
| Land Assessment | $10,569 | Total Assessment | $10,569 |
Property Taxes
Parcel Number
102-12-919
Land Assessment
$10,569
Improvements Assessment
$0
Total Assessment
$10,569
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Shops B | 91st & Cardinals Way | Glendale, AZ | 5937 91st Ave
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