Multi-Tenant Inline Retail
5601 W Glendale Ave Glendale, AZ 85301
5601 W Glendale Ave, Glendale, AZ, 85301
$1,350,000
For Sale
$1,350,000
Multi-tenant inline retail building with multiple leased storefronts and early termination clauses per provided lease terms.
Property Size7,340 SF
Price / SF$183.92
Days on Market440
Property Features for 5601 W Glendale Ave
General Information
- Standard status
- Active
- Size
- 7,340 SF
Listing agency
R.O.I. Properties
(602) 319-1326
Listed by
Beth Jo Zeitzer · License #BR044331000
(602) 319-1326
Source
Exprealty
Added: May 8, 2025 Updated: Jul 20 at 5:58PM Checked: Jul 20 at 5:58PM
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 R.O.I. Properties
Investment Insights
Based on property information with market context.
This multi-tenant inline retail building is offered for sale at 5601 W Glendale Ave in Glendale, AZ. The property is designed for multiple retail tenants and is currently operated with existing leased storefront space.
According to the provided remarks, it is prominently located on Glendale Avenue in the heart of Oldtown Glendale and sits within a commercially zoned district. The remarks also state the area supports consistently high occupancy rates.
The current tenant occupancy and lease structure are described in the remarks as including long-term occupants, with leases that include landlord-favorable early termination clauses, which may provide flexibility for future repositioning or redevelopment.
According to the provided remarks, it is prominently located on Glendale Avenue in the heart of Oldtown Glendale and sits within a commercially zoned district. The remarks also state the area supports consistently high occupancy rates.
The current tenant occupancy and lease structure are described in the remarks as including long-term occupants, with leases that include landlord-favorable early termination clauses, which may provide flexibility for future repositioning or redevelopment.
Key Highlights
- Multi‑tenant inline retail building with multiple leased storefronts in Oldtown Glendale
- Located on Glendale Avenue in a commercially zoned district
- Diverse tenant mix with long‑term occupants currently operating under below‑market lease rates (per provided remarks)
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $132.1k | $18.00 |
| − Vacancy | −$11.2k | −$1.53 |
| EGI | $120.9k | $16.47 |
| − OpEx | −$36.3k | −$4.94 |
| NOI | $84.6k | $11.53 |
7,340 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.21M
$1.06M – $1.41M
NOI $84,623 @ 7.0% cap · market cap 6.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.31M
$2.02M – $2.69M
NOI $161,391 @ 7.0% cap · market cap 11.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Olde Towne Glendale ...
Grocery & Convenience Store
Similar For Sale Nearby
FAQs
What type of property is this?
Strip mall - Multi-tenant inline retail building with multiple leased storefronts and early termination clauses per provided lease terms.
Where is this strip mall located?
The property is located at 5601 W Glendale Ave Glendale, AZ.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Multi‑tenant inline retail building with multiple leased storefronts in Oldtown Glendale; Located on Glendale Avenue in a commercially zoned district; Diverse tenant mix with long‑term occupants currently operating under below‑market lease rates (per provided remarks)
