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New Retail Construction Near University
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2260 W Glendale Ave, Phoenix, AZ

New retail construction with long-term lease and rent increases.

Property Size830 SF
Lot Size0.55 Acres
Price / SF$2,300
Days on Market1292

Property Features for 2260 W Glendale Ave

General Information

Standard status Active
Size 830 SF
Lot size 0.55 Acres
Property subtype RETAIL
Listing Agency: Cushman & Wakefield | Phoenix
Listed By: Chris Hollenbeck · License #SA584876000
Source: Moodyscre
Added: Feb 23, 2023 Changed: Sep 4 Last Checked: Sep 7 at 11:01AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield | Phoenix

Investment Insights

Based on property information with market context.

This newly constructed retail property, completed in 2022, features an absolute NNN lease structure, assigning zero landlord responsibilities. The primary lease term is approximately 15 years, with attractive 10% rent increases scheduled every 5 years. The property is situated less than 2 miles from Grand Canyon University, which welcomed approximately 9,000 new students for the 2022-2023 academic year, adding to its existing campus-based student population of approximately 25,000. It is located across from Washington High School, which has approximately 1,806 students. The property is also less than 2 miles from Spectrum Shopping Mall, Bethany Towne Center, Los Altos Ranch Market, and Palm Glen Shopping Center. The property benefits from a hard corner location with frontage on Glendale Avenue, a major Phoenix thoroughfare with a traffic volume of approximately 45,318 vehicles per day. The property has a size of 830 square feet.

Key Highlights

  • Absolute NNN lease: zero landlord responsibilities.
  • New construction completed in 2022.
  • ±15 year primary lease term.**

Property Analytics

Current Use

West Haven Housing Development Pet Grief Support ... (Bike/Boat/Book/etc) Store Black Rock Coffee ... Cafe & Coffee Shop

Suggested Use

Top Pick Law Firm Real Estate Agency Skin Care Clinic Bakery Parking Lot & Garage Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

857
Businesses Nearby

Market

Vacancy Rate% for Retail in Phoenix, AZ

8.5% 2019
8.7% 2020
7.4% 2021
5.6% 2022
5.1% 2023
5.4% 2024
5.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - New retail construction with long-term lease and rent increases.
Where is this retail space located?
The property is located at 2260 W Glendale Ave Phoenix, AZ.
What is the asking price?
The asking price for this property is $1,909,090.
What are key features of this property?
This property features: Absolute NNN lease: zero landlord responsibilities.; New construction completed in 2022.; ±15 year primary lease term.**
(602) 224-4475 Call to check price and availability
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