7704 Bell RdGlendale, AZ 85308

  • Turn key restaurants
  • 6,269 SF
For Lease

Property Details for 7704 Bell Rd

Year built
1995
Construction
CONCRETE
Lot size
1.06 AC
Property size (Sq ft)
6,269 SF
Zone code
PAD
Property type
Turn key restaurants
APN
200-43-006U
APU
20043006U

Description

This exceptional 6,062-square-foot freestanding restaurant is situated on a 1.06-acre lot in Glendale, Arizona. Ideally located at 7704 W Bell Rd, 85308, this single-tenant property offers unparalleled visibility and accessibility. Its prime location is an outparcel to the Arrowhead Towne Center, a major regional shopping mall boasting nearly 1.2 million square feet of retail space and over 180 stores, including anchor tenants Macy's, Dillard's, JCPenney, Dick's Sporting Goods, and AMC Theatres. The property benefits from high traffic counts due to its direct access from the Loop 101 and Bell Road, and its proximity to numerous master-planned communities. Furthermore, its location across the street from the Peoria Sports Complex, home to spring training for the Seattle Mariners and San Diego Padres, guarantees a steady stream of visitors. Market analysis indicates this intersection boasts top-performing restaurants, with several national chains achieving number one or two rankings in foot traffic according to Placer.ai. This presents a unique opportunity for a restaurant operator to capitalize on a high-demand location with exceptional visibility and established consumer traffic. The property is currently vacant, providing a blank canvas for a new concept or relocation of an existing business. A virtual tour is available.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,549,958
    6.5%
    $1,430,731
    7%
    $1,328,536
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,435,243
    Geo Method
    $2,435,243
  • Alternative Use

    Use
    Valuation
    Residential
    $1,206,875
    Hospitality
    $1,105,491
    Educational
    $919,756
    Medical
    $951,387
    Retail
    $1,430,731
7704 Bell Rd, Glendale, Arizona

Location Insight

City
Glendale
County
Maricopa
State
Arizona
Latitude
33.6393
Longitude
-112.225
CBSA code
38060
CBSA name
PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$24,995
-
-
$506,158
-
$2,052,900
$1,014,725
$3,067,625

FAQs

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