7430 W Bell Rd
Glendale, AZ 85308
Bob's: Glendale, AZ · Retail Property For Sale

Net Lease: Bob’s Discount Furniture’s net lease is expected to commence on May 21, 2020 and will feature 10 years of primary term with three 5-year renewal options. Below Replacement Cost: This offering is an excellent opportunity to acquire a highly-desirable retail box at a price that is significantly below the replacement cost. Excellent Access & Visibility: The site has excellent access and visibility along West Bell Road (55,900 VPD) and North 75th Avenue (19,700 VPD) and is situated just 17 miles north of Phoenix’s CBD. Dominant Retail & Commercial Corridor: Bob’s Discount Furniture benefits from its location in Glendale’s primary retail and commercial corridor, which is highlighted by the 1.9MSF Arrowhead Towne Center and includes 10.5MSF of retail, 3.9MSF of office and 1.3MSF of industrial space within a 3-mile radius. Surrounding retailers in the immediate area include Costco, Walmart Supercenter, Sam’s Club, Target, Trader Joe’s, Best Buy, Bed Bath & Beyond, Party City, World Market, OfficeMax, JOANN Fabrics, Home Goods, Staples, Hobby Lobby, Big Lots, PetSmart, Dillard’s, JCPenney, Macy’s, Dick’s Sporting Goods, Michael’s, Ross Dress for Less, Old Navy, DSW, Nordstrom Rack, Men’s Wearhouse, PGA TOUR Superstore, Bath & Body Works, Ulta, LA Fitness, Sprint, Verizon, Wells Fargo, Chase Bank, The Cheesecake Factory, Texas Roadhouse, Chili’s Grille & Bar, Panera Bread, Chipotle, Applebee’s, In-N-Out Burger, Olive Garden, Cold Stone Creamery, Chick-fil-A, IHOP and Taco Bell, among many others. Strategic Location: Bob’s Discount Furniture is strategically positioned just 3 miles from Midwestern University (Enrollment: 6,800), 4 miles from Arizona State University West Campus (Enrollment: 3,663) and 6 miles north of Glendale Community College (Enrollment: 21,006) and is easily accessible, just off State Route 101, for the 8,512 multi-family units located within a 3-mile radius. The greater Phoenix area is currently the fastest-growing city in the nation and led the nation for new jobs created over the last year, indicating a strong market and a large influx of new residents. Dynamic Demographics: Bob’s Discount Furniture enjoys dynamic demographics with a population of 111,304 and an average household income of $94,177 within a 3-mile radius. Phoenix MSA Advantage: As the capital and economic hub of Arizona, Phoenix (MSA Population: 4.74 million) is home to more than two-thirds of Arizona’s population. The city’s economy is based on technology, military, real estate, manufacturing, healthcare, and retail. Due to the area’s unique desert landscape and mild winters, Phoenix benefits greatly from seasonal tourism and recreation, especially in the golfing industry. The 6th largest and 15th most populous state, Arizona is most well known for its top attractions, which include the Sonoran Desert, the Grand Canyon National Park, the Sedona/Verde Valley, and many other parks and monuments.