5127 Glendale Ave Glendale, AZ 85301
Prime QSR Net Lease, High ROI
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 138
Highlights
- Brand new, 1,302 square-foot Starbucks built in 2024.
- 10-year net lease with corporate guarantee from Starbucks, expiring September 20, 2034, with four 5-year renewal options.
- 5.35% cap rate and $172,000 current NOI; rent increases 10% every five years.
- Located on a 0.46-acre lot in Historic Downtown Glendale, AZ, on a major arterial with approximately 60,000 vehicles daily.
- Asking price: $3,214,953.
Property Details for 5127 Glendale Ave
- Property type
- Retail properties
- Year Built
- 2024
- Buildings
- 1
- Lot Size (sq. ft)
- 20,038 SF
Location Insight
- City
- Glendale
- County
- Maricopa
- State
- Arizona
- Latitude
- 33.537266
- Longitude
- -112.1692755
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - Prime QSR Net Lease, High ROI
- Where is the retail property located?
- The property is located at 5127 Glendale Ave Glendale, AZ.
- What is the asking price?
- The asking price for this property is $3,214,953.
- What are key features of this property?
- This property features: Brand new, 1,302 square-foot Starbucks built in 2024.; 10-year net lease with corporate guarantee from Starbucks, expiring September 20, 2034, with four 5-year renewal options.; 5.35% cap rate and $172,000 current NOI; rent increases 10% every five years.
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