Drive-Through NNN Restaurant with Absolute
1727 W Glendale Avenue Phoenix, AZ 85021
1727 W Glendale Avenue, Phoenix, AZ, 85021
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For Sale
Contact for pricing
Pending
Fee-simple absolute NNN drive-thru restaurant leased to Filiberto’s with recent roof and HVAC improvements.
Days on Market92
Property Features for 1727 W Glendale Avenue
General Information
- Standard status
- Pending
- Property subtype
- Retail
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 Updated: Jul 22 at 9:40PM Checked: Jul 22 at 9:40PM
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
Location Intelligence
Current Use by Public Records
Filiberto’s Mexican Food
Restaurant
Similar For Sale Nearby
FAQs
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.
