23425 39Th DrGlendale, AZ 85310

Property Details for 23425 39Th Dr

Year built

1996

Construction

CONCRETE

Lot size

5.32 AC

Property size (Sq ft)

42,504 SF

Zone code

PSC

Property type

Outlet malls

APN

205-11-990C

APU

20511990C

Description

This established ProStyles Barbershop, located at 23425 N 39th Dr, Glendale, AZ 85310, presents a unique owner-user opportunity. The 1,122 square foot property is situated in a prime location near major attractions including the TSMC chip manufacturing plant and Six Flags Hurricane Harbor. The barbershop boasts a strong online presence with a custom website, point-of-sale system, and online appointment scheduling, all contributing to a streamlined and efficient operation. With a loyal clientele and a proven track record of success over the past 10 years, this business offers significant upside potential. The current owner is willing to remain involved, along with two other barbers, providing continuity and expertise for the new owner. The asking price is $200,000 ($178.25/sq ft). The property features low overhead and a system designed for growth. The building, one of sixteen in the complex, was built 30 years ago and renovated 9 years ago. The current lease is a NNN lease expiring June 30, 2024, with lease options available for 2 or 5 years. The barbershop offers $30 haircuts and has consistently received five-star reviews. This is an exceptional opportunity for an owner-operator seeking a well-established, profitable business with significant growth potential in a high-traffic area. The property is a single-story building within a multi-tenant complex that includes Taco Bell, McDonald's, KFC, and Goodwill, among others.

• CAP approach

  CAP return

  Valuation

  6%

  $11,811,204

  6.5%

  $10,902,650

  7%

  $10,123,889

• Comparable approach

  Method

  Valuation

  Relative Method

  $16,511,019

  Geo Method

  $16,511,019

• Alternative Use

  Use

  Valuation

  Residential

  $9,196,793

  Hospitality

  $8,424,213

  Educational

  $7,008,846

  Medical

  $7,249,892

  Retail

  $10,902,650

Location Insight

City

Glendale

County

Maricopa

State

Arizona

Latitude

33.6992

Longitude

-112.142

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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