3522 Bell RdGlendale, AZ 85308

Property Details for 3522 Bell Rd

Year built

1981

Construction

CONCRETE

Lot size

1.70 AC

Property size (Sq ft)

28,260 SF

Zone code

PSC

Property type

Outlet malls

APN

207-19-006R

APU

20719006R

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $7,853,017

  6.5%

  $7,248,939

  7%

  $6,731,158

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,977,823

  Geo Method

  $10,977,823

• Alternative Use

  Use

  Valuation

  Residential

  $6,114,751

  Hospitality

  $5,601,079

  Educational

  $4,660,032

  Medical

  $4,820,298

  Retail

  $7,248,939

Location Insight

City

Glendale

County

Maricopa

State

Arizona

Latitude

33.6411

Longitude

-112.135

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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