5127 Glendale AveGlendale, AZ 85301

Property Details for 5127 Glendale Ave

Year built

1967

Lot size

0.46 AC

Zone code

C-2

Property type

Commercial real estate

APN

146-06-054E

APU

14606054E

Description

This exceptional investment opportunity presents a brand-new, 1,302 square-foot Starbucks located at 5127 W Glendale Ave, Glendale, AZ 85301. Built in 2024, this single-tenant property boasts a 10-year net lease with a corporate guarantee from Starbucks, offering significant security and stability. The lease commenced September 21, 2024, and expires September 20, 2034, with four five-year renewal options. The property features a strong 5.35% cap rate and a current net operating income (NOI) of $172,000. Rent increases by 10% every five years, ensuring consistent growth. Situated on a 0.46-acre lot in the heart of Historic Downtown Glendale, this location benefits from high visibility on a major arterial road with approximately 60,000 vehicles passing daily. The property is part of a vibrant commercial area, near significant developments like the Downtown Campus Revitalization project, and is surrounded by a dense population of over 540,000 residents within a 5-mile radius. The asking price is $3,214,953. This is a rare opportunity to acquire a high-performing, low-maintenance investment property anchored by a globally recognized brand. The property's strong financials, favorable lease terms, and prime location make it an ideal addition to any investment portfolio. The parcel number is 146-06-054E.

• Alternative Use

  Use

  Valuation

  Residential

  $4,368,226

  Hospitality

  $4,001,272

  Educational

  $3,329,011

  Medical

  $3,443,501

  Retail

  $5,178,462

Location Insight

City

Glendale

County

Maricopa

State

Arizona

Latitude

33.5381

Longitude

-112.17

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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