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GOLDEN CORRAL – GLENDALE, AZ 7800 N 55th Ave 207,626 SF Retail Building Glendale, AZ 85301 $5,400,000 ($26.01/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- ABSOLUTE NNN LEASE: Over 9 years remaining on initial 20-Year Absolute NNN Lease with attractive 1.75% rental increases annually
- EXTREMELY HIGH SALES LOCATION: Successfully open & operating since 2015 and Rent-to-Sales Ratio is less than 2%!
- Exceptional visibility & access along Northern Avenue with traffic counts of 29,450 CPD!
- TENANT: GC North Crossing, LLC owns & operates 3 Golden Corral locations
- LARGE PARCEL | TRAFFIC COUNTS: Situated on a large ±2.46-acre lot - pad site to a Lowe’s Home Improvement & Walmart Anchored Shopping Center
- 2025 DEMOGRAPHICS: Total Population (5MI): 499,601 | Average Household Income (1MI): $88,974
EXECUTIVE SUMMARY
(Building & Land) Fee Simple
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
207,626 SF
Building Class
C
Year Built
2005
Price
$5,400,000
Price Per SF
$26.01
Cap Rate
6.25%
NOI
$337,616
Tenancy
Single
Building Height
1 Story
Loading Docks
8 Exterior
Building FAR
1.94
Lot Size
2.46 AC
Opportunity Zone
Yes
Zoning
C - Commercial
AMENITIES
- Restaurant
- Signage
- Signalized Intersection
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Golden Corral
- Accommodation and Food Services
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Golden Corral | Accommodation and Food Services | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 147-20-174 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,499,010 |
PROPERTY TAXES
Parcel Number
147-20-174
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,499,010
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GOLDEN CORRAL – GLENDALE, AZ | 7800 N 55th Ave
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