For Sale
$3,214,953

5127 Glendale AveGlendale, AZ 85301

Prime QSR Net Lease, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a brand-new, 1,302 square-foot Starbucks located at 5127 W Glendale Ave, Glendale, AZ 85301. Built in 2024, this single-tenant property boasts a 10-year net lease with a corporate guarantee from Starbucks, offering significant security and stability. The lease commenced September 21, 2024, and expires September 20, 2034, with four five-year renewal options. The property features a strong 5.35% cap rate and a current net operating income (NOI) of $172,000. Rent increases by 10% every five years, ensuring consistent growth. Situated on a 0.46-acre lot in the heart of Historic Downtown Glendale, this location benefits from high visibility on a major arterial road with approximately 60,000 vehicles passing daily. The property is part of a vibrant commercial area, near significant developments like the Downtown Campus Revitalization project, and is surrounded by a dense population of over 540,000 residents within a 5-mile radius. The asking price is $3,214,953. This is a rare opportunity to acquire a high-performing, low-maintenance investment property anchored by a globally recognized brand. The property's strong financials, favorable lease terms, and prime location make it an ideal addition to any investment portfolio. The parcel number is 146-06-054E.

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
5127 Glendale Ave, Glendale, Arizona

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5127 Glendale Ave
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