5665 Bell Rd Glendale, AZ 85308

Talavi Towne Center II, a 61,302-square-foot shopping center in Glendale, Arizona, presents a compelling investment opportunity. This single-story, Class B property sits on a 5.67-acre lot with PAD zoning and boasts a 100% occupancy rate with two tenants under NNN leases. The leases, commencing January 1, 2025, and expiring December 31, 2029, include 2% annual rent bumps and renewal options. The property's strong financial performance is reflected in its $11,280,000 asking price and an 8.68% cap rate, generating a net operating income (NOI) of $979,530. Built in 1994 and extensively renovated in 2023 (including over $2,000,000 in capital expenditures), the center features updated restrooms, fresh paint, a newly sealed and striped parking lot, and a planned new roof with a 20-year warranty. Its strategic location in Glendale's Arrowhead retail corridor, near Loop 101 Freeway and major attractions like Arrowhead Towne Center and State Farm Stadium, ensures high visibility and strong tenant demand. The surrounding area boasts an average household income exceeding $93,000 within a 3-mile radius. This fee-simple ownership opportunity is ideal for a 1031 exchange. The property's address is 5665 West Bell Road, Glendale, AZ 85308, with APN 200-50-204.