& Bethany Home 75Th AveGlendale, AZ 85303

Property Details for & Bethany Home 75Th Ave

Property size (Sq ft)

935 SF

Property type

Retail properties

Description

This exceptional retail investment property, located at the southwest corner of 75th Avenue and Bethany Home Road in Glendale, Arizona (85303), presents a compelling opportunity. The property boasts a 935 square foot building situated on a substantial 43,203 square foot lot. Currently leased under a 15-year absolute triple net (NNN) lease, this investment offers significant long-term stability with zero landlord responsibilities. The tenant is a major franchisee of a rapidly expanding national brand with over 800 locations and ambitious growth plans exceeding 4,000 units. The lease includes three, five-year renewal options, ensuring continued income generation. Rent increases are built into the lease, providing a 10% increase every five years throughout the entire lease term, including option periods. The asking price is $2,780,000, representing an attractive 5.00% capitalization rate. This property offers a secure, passive income stream with significant upside potential, making it an ideal addition to any diversified investment portfolio. The property's prime location in a high-traffic area of Glendale further enhances its value and appeal. This is a rare opportunity to acquire a well-positioned, high-performing retail investment in a thriving market.

Location Insight

City

Glendale

County

Maricopa

State

Arizona

Latitude

33.5235

Longitude

-112.221

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