Stabilized Retail Center | Phoenix MSA 2 Retail Properties Online Auction Sale Glendale, AZ
INVESTMENT HIGHLIGHTS
- Stabilized retail investment providing robust income from high-quality, long-standing tenants with an additional long-term rent upside.
- Highly visible monument signage allows exposure to more than 56,000 vehicles per day passing through the intersection of Bell Road and 43rd Avenue.
- Prime location near major demand drivers such as Arrowhead Towne Center, the Phoenix Children’s Hospital, and the Peoria Sports Complex.
- Fully occupied by household-name brands, including Banner Health, Supercuts, Subway, and Papa John’s, alongside local internet-proof tenants.
- Easy access to Interstate 17 and Loop 101 allows businesses to easily attract customers from across the greater Phoenix metro.
- Placement within a high-growth trade area supports tenant retention, with more than $1.5 billion in 3-mile consumer spending during 2024.
EXECUTIVE SUMMARY
LevRose Real Estate, as the exclusive advisor to the seller, is proud to bring a stabilized portion of the Bell Park Center to market at Bell Road and 43rd Avenue. This unique opportunity offers a stabilized asset with high-quality, long-standing tenants while providing upside to a long-term investor.
The offer consists of two separate portions of the center: 4232 W Bell Road comprises 15,000 square feet across seven suites, while 17037 N 43rd Avenue provides 18,480 square feet with six suites. The suites are fully occupied and benefit from the center’s anchor tenants, Dollar Tree, Ace Hardware, and Mega Furniture, located in a separate section of the building that is not included in the sale.
Bell Park Center provides a rare and attractive offering for investors, delivering a balanced rent roll with national brands such as Banner Health, Supercuts, Subway, and Papa John’s alongside local internet-proof tenants. This tenant mix also provides a new owner the unique opportunity to have a stable asset with additional upside through pushing rents as the leases roll.
Situated in a dense infill trade area, Bell Park Center attracts and retains tenants with placement near major freeways, traffic-driving retail locations, and affluent residential neighborhoods. Sitting less than 10 minutes from Interstate 17 and Loop 101, customers from across the Greater Phoenix metro can quickly find the property. Beyond the notable businesses at the center, tenants will benefit from proximity to retail locations on the Bell Road commercial corridor, including Walmart Supercenter, Kohl’s, Aldi, Fry’s Marketplace, The Home Depot, PetSmart, a PGA Tour Superstore, and the upscale Arrowhead Towne Center indoor mall. Other significant draws of the area include the Phoenix Children’s Hospital, Abrazo Arrowhead Hospital, the Peoria Sports Complex, and several highly rated golf courses.
Investors in Glendale benefit from a robust demographic profile within 3 miles of Bell Park Center. More than 131,000 residents live in the area, with an average household income of more than $86,000. Over $1.5 billion in consumer spending was tracked during 2024, presenting a stable foundation for retail investment.
Combining a fully occupied tenant roster of diverse national brands with a best-in-class location in a dense infill trade area, Bell Park Center presents the perfect high-yield acquisition to enter or expand in the Phoenix MSA.
The offer consists of two separate portions of the center: 4232 W Bell Road comprises 15,000 square feet across seven suites, while 17037 N 43rd Avenue provides 18,480 square feet with six suites. The suites are fully occupied and benefit from the center’s anchor tenants, Dollar Tree, Ace Hardware, and Mega Furniture, located in a separate section of the building that is not included in the sale.
Bell Park Center provides a rare and attractive offering for investors, delivering a balanced rent roll with national brands such as Banner Health, Supercuts, Subway, and Papa John’s alongside local internet-proof tenants. This tenant mix also provides a new owner the unique opportunity to have a stable asset with additional upside through pushing rents as the leases roll.
Situated in a dense infill trade area, Bell Park Center attracts and retains tenants with placement near major freeways, traffic-driving retail locations, and affluent residential neighborhoods. Sitting less than 10 minutes from Interstate 17 and Loop 101, customers from across the Greater Phoenix metro can quickly find the property. Beyond the notable businesses at the center, tenants will benefit from proximity to retail locations on the Bell Road commercial corridor, including Walmart Supercenter, Kohl’s, Aldi, Fry’s Marketplace, The Home Depot, PetSmart, a PGA Tour Superstore, and the upscale Arrowhead Towne Center indoor mall. Other significant draws of the area include the Phoenix Children’s Hospital, Abrazo Arrowhead Hospital, the Peoria Sports Complex, and several highly rated golf courses.
Investors in Glendale benefit from a robust demographic profile within 3 miles of Bell Park Center. More than 131,000 residents live in the area, with an average household income of more than $86,000. Over $1.5 billion in consumer spending was tracked during 2024, presenting a stable foundation for retail investment.
Combining a fully occupied tenant roster of diverse national brands with a best-in-class location in a dense infill trade area, Bell Park Center presents the perfect high-yield acquisition to enter or expand in the Phoenix MSA.
OFFERING MEMORANDUM Click Here to Access
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
- Miscellaneous
- Vendor Information
MARKET ANALYTICS Click Here to Access
PROPERTY FACTS
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Total Building Size | 33,480 SF |
| Total Land Area | 3.40 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT |
|---|---|---|---|
| 17037 N 43rd Ave, Glendale, AZ 85308 | Retail | 18,480 SF | 1986 |
|
43rd & Bell
4232 W Bell Rd, Glendale, AZ 85308 |
Retail | 15,000 SF | 1986 |
SALE ADVISORS
SALE ADVISORS
Jason Reddington, Partner
Jason Reddington specializes in investment sales and office landlord representation throughout Scottsdale and Central Metro Phoenix. Since becoming a Partner, Jason has continued to facilitate deals using up-to-date market information as he advises his clients throughout the process, from start to finish. Obtaining his CCIM recognizes his expertise in investment sales and financial analysis which he uses to guide his clients through sound investment opportunities.
Jason is originally from Southern Indiana where he graduated from the University of Evansville with a degree in Psychology. Prior to joining LevRose, Jason was a golf professional at some of the premier country clubs in Arizona. In his free time, he continues to play golf and enjoys hiking and spending time with his daughters.
Jason is originally from Southern Indiana where he graduated from the University of Evansville with a degree in Psychology. Prior to joining LevRose, Jason was a golf professional at some of the premier country clubs in Arizona. In his free time, he continues to play golf and enjoys hiking and spending time with his daughters.
Keri Davies, Partner
Keri Davies has over 25 years of sales experience, 10 years commercial real estate experience and is a Partner at LevRose. Her specialties include office properties, landlord representation and investment sales throughout Scottsdale and the Greater Phoenix area. Keri’s strong negotiating skills and knowledge of the industry allow her to effectively represent her clients from start to finish. She also has vast experience working with business leaders in right-sizing and expanding as they work towards growing their commercial office portfolio, both locally and nationally.
Keri is an ASU alumnus and is also a member of Arizona Small Business Association and the Scottsdale Chamber of Commerce.
Keri is an ASU alumnus and is also a member of Arizona Small Business Association and the Scottsdale Chamber of Commerce.
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