Drive-Through NNN Restaurant with Absolute
For Sale
Contact for pricing
Pending
1727 W Glendale Avenue, Phoenix, AZ 85021
Fee-simple absolute NNN drive-thru restaurant leased to Filiberto’s with recent roof and HVAC improvements.
Days on Market99
Property Features for 1727 W Glendale Avenue
General Information
Standard status
Pending
Property subtype
Retail
Additional Details
Traffic Count
36,300 vehicles/day
Building Details
Tenancy
Single
Listing Agency:
SRS Real Estate Partners Newport Beach
(480) 221-4221
Listed By:
Patrick R. Luther, CCIM · License #CA License No. 01912215
Source:
Crexi
Added: Apr 23
Changed: Jul 22
Last Checked: Jul 30 at 4:45PM
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 SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
This fee-simple investment property features an absolute NNN leased, drive-thru equipped Filiberto’s Mexican Food location. The site is operated as a 24-hour restaurant and includes recent tenant improvements, including a new roof and HVAC units. The lease was recently extended to a new 15-year term with two additional five-year options, and includes 1.50% annual rental increases throughout the initial term and option periods. The lease is personally guaranteed by the operator and structured as absolute NNN, reflecting zero landlord responsibilities.
The property is positioned at a signalized, hard corner intersection with 36,300 vehicles passing by daily. It sits adjacent to a Fry’s Marketplace anchored center, supporting crossover traffic to the site. The area also includes major retail and education drivers, with the Christown Spectrum Mall about 1.5 miles away and Grand Canyon University about 4 miles northeast.
The surrounding 5-mile trade area is supported by a dense population of over 433,200 residents with an average household income of $64,542.
The property is positioned at a signalized, hard corner intersection with 36,300 vehicles passing by daily. It sits adjacent to a Fry’s Marketplace anchored center, supporting crossover traffic to the site. The area also includes major retail and education drivers, with the Christown Spectrum Mall about 1.5 miles away and Grand Canyon University about 4 miles northeast.
The surrounding 5-mile trade area is supported by a dense population of over 433,200 residents with an average household income of $64,542.
Key Highlights
- Fee‑simple absolute NNN leased drive‑thru Filiberto’s Mexican Food restaurant in Phoenix, AZ (land & building ownership).
- Tenant extended lease to a new 15‑year term with two additional 5‑year options.
- Lease provides 1.50% annual rental increases throughout the initial term and option periods.
Property Analytics
Current Use
Lease Details
36,300 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
658
Businesses Nearby
Explore this area
Business Placement
Demographics for 85021, AZ
40,943
Population
18,136
Households
2.3
Avg Household Size
35
Median Age
33%
College-Educated
87%
High-School Grad
6.9 sq mi
ZIP Area
5,934
Density / Sq Mi
$58,481
Median Household Income
$38,147
Median Earnings
$1,221
Median Rent
$433,000
Median Home Value
Market
Vacancy Rate% for Retail in Phoenix, AZ
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Fee-simple absolute NNN drive-thru restaurant leased to Filiberto’s with recent roof and HVAC improvements.
Where is this drive through restaurant located?
The property is located at 1727 W Glendale Avenue Phoenix, AZ.
What are key features of this property?
This property features: Fee‑simple absolute NNN leased drive‑thru Filiberto’s Mexican Food restaurant in Phoenix, AZ (land & building ownership).; Tenant extended lease to a new 15‑year term with two additional 5‑year options.; Lease provides 1.50% annual rental increases throughout the initial term and option periods.
