4232 Bell RdGlendale, AZ 85308

This Glendale, Arizona shopping center presents a compelling investment opportunity. The 33,480 square foot property, situated on a 148,058 square foot lot, boasts a 100% occupancy rate and a strong net operating income (NOI) of $632,379. Comprising two single-story buildings constructed in 1986, the center features a diverse tenant mix of 14 businesses, including national brands like Subway, Supercuts, Papa Johns, and Banner Health, alongside local tenants. The property is zoned PSC/PSCOD and benefits from a triple-net (NNN) lease structure with rent bumps included. Located at the highly trafficked northeast corner of Bell Road and 43rd Avenue, the center enjoys excellent visibility and accessibility, with close proximity to Loop 101 and I-17 freeways. The asking price is $9,425,000, representing a compelling $281.51 per square foot and a 6.71% capitalization rate. This stabilized, value-add investment offers a blend of established tenants and potential for future rent growth, making it an attractive prospect for discerning investors. The property's address is split between 4232 W Bell Rd and 17037 N 43rd Ave, both in Glendale, AZ 85308. The property is owned by a REIT. Parcel numbers are 207-18-588 and 207-18-590.