3522 Bell RdGlendale, AZ 85308

For Sale
$2,944,070
High-Yield Net Lease Retail Property

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional investment opportunity presents a 12,500 square foot Dollar Tree storefront in Glendale, Arizona, boasting a strong 6.50% cap rate and a Net Lease structure with a corporate guarantee. The property, built in 1981 and situated on a 1.7-acre lot, features a recently refreshed exterior and enjoys 100% occupancy with a lease expiring April 30, 2028, offering a remaining term of 3.4 years, plus a five-year option. The current Net Operating Income (NOI) stands at $191,365, translating to a price per square foot of $235.53. Dollar Tree, a highly rated investment-grade tenant (S&P BBB rating), has occupied the space since 2008, demonstrating long-term commitment as evidenced by their recent storefront sign installation. The property benefits from a high-traffic location, with approximately 67,038 vehicles per day passing the intersection of 35th Avenue and Bell Road. Furthermore, the property enjoys proximity to a dense population (approximately 336,149 residents within a 5-mile radius) and significant consumer spending ($4.1 billion estimated). Convenient access to I-17, a major commuter artery with approximately 200,400 vehicles per day, further enhances the property's strategic location. This is a compelling investment opportunity with a resilient tenant and strong underlying market fundamentals.

Highlights

  • Dollar Tree has occupied this location since 2008 and recently installed a new storefront sign.
  • Below-market rent of $15.55/SF for the 12,500 SF space.
  • The property features a recently refreshed exterior and is nearly fully occupied.
  • Investment-grade tenant (S&P BBB rating) with approximately 16,000 stores nationwide.
  • Strong value proposition for cost-conscious shoppers.
  • Resilient tenant; Dollar Tree opened approximately 127 new stores in 2024 (as of September).

Property Details for 3522 Bell Rd

Property type
Retail properties, Retail space
Square Feet
12,500 SF
Year Built
1981
Buildings
1
Lot Size (sq. ft)
74,052 SF

Location Insight

City
Glendale
County
Maricopa
State
Arizona
Latitude
33.640596
Longitude
-112.135642
3522 Bell Rd, Glendale, Arizona

FAQs

What type of property is this?
Retail property - High-Yield Net Lease Retail Property
Where is the retail property located?
The property is located at 3522 Bell Rd Glendale, AZ.
What is the asking price?
The asking price for this property is $2,944,070.
What are key features of this property?
This property features: Dollar Tree has occupied this location since 2008 and recently installed a new storefront sign.; Below-market rent of $15.55/SF for the 12,500 SF space.; The property features a recently refreshed exterior and is nearly fully occupied.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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3522 Bell Rd
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