2260 W Glendale Ave Phoenix, AZ 85021

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.