Two-Tenant Drive-Through Strip
For Sale
$2,672,300
5920 W Bell Rd, Glendale, AZ 85308
Glendale commercial property featuring a 24-hour Mexican takeout restaurant and an additional tenant component.
Property Size5,677 SF
Price / SF$470.72
Days on Market55
Property Features for 5920 W Bell Rd
General Information
Standard status
Active
Size
5,677 SF
Property subtype
Shopping Strip
Additional Details
Cap Rate
6.5%
Amenities
100 Percent Leased to Two Tenants - Both Triple-Net Leases with Rent Increases and Renewal Options
Below Market Drive-Thru Rent
Filiberto's is an Established Regional QSR Chain with 130 Plus Locations in Arizona, California, and New Mexico
Densely-Populated Glendale Trade Area in the Phoenix MSA - 340,897 Residents within a Five-Mile Radius
Excellent Frontage and Accessibility Along Bell Road, a Major East-West Arterial, with Approximately 75,000 Cars per Day at the Intersection of Bell Road and 59th Avenue
Busy Retail Corridor Location Surrounded by National Tenants: The Home Depot, Fry's, Walmart Supercenter, Kohl's, and More
Close Proximity to Arrowhead Towne Center, a Premier Shopping Destination for Phoenix's West Valley with Over 180 Stores and Restaurants
Average Household Income Exceeds $113,000 within Three Miles of the Subject Property
Building Details
Building Size
5,677 SF
Year Built
1994
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Phoenix
Listed By:
Mark Ruble · License #License(s): AZ: SA550593000, NV: S.0192964
(602) 687-6766
Source:
Marcusmillichap
Added: Aug 22
Changed: Oct 10
Last Checked: Oct 14 at 7:45PM
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 Marcus & Millichap - Phoenix
Investment Insights
Based on property information with market context.
This two-tenant strip mall in Glendale, Arizona, contains 5,677 square feet of commercial space and was constructed in 1994. The property includes a drive-through Mexican takeout restaurant operated under the Filiberto’s name, with service available 24 hours, along with a second tenant component.
The property is located at 5920 W Bell Rd, Glendale, AZ 85308. Glendale sits approximately 9 miles northwest of Downtown Phoenix and is known for major shopping, dining, sports, and educational destinations, including Midwestern University and the Thunderbird School of Global Management.
The property is located at 5920 W Bell Rd, Glendale, AZ 85308. Glendale sits approximately 9 miles northwest of Downtown Phoenix and is known for major shopping, dining, sports, and educational destinations, including Midwestern University and the Thunderbird School of Global Management.
Key Highlights
- 5,677‑square‑foot two‑tenant strip mall
- Drive‑through Mexican takeout restaurant with 24‑hour service
- Filiberto’s restaurant component
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,026
Cap Rate
2.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,520,520
$1.5M
Cap Rate 7%
$1,086,086
$1.1M
Cap Rate 9%
$844,733
$844.7K
Market Conditions
NOI Build-Up for 5,677 SF
Gross rent
$109.0K $19.20/SF
− Vacancy
−$7.6K −$1.34/SF
EGI
$101.4K $17.86/SF
− OpEx
−$25.3K −$4.46/SF
NOI
$76.0K $13.39/SF
Area
Glendale, AZ
Vacancy
7.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,520,520
Cap Rate 7%
$1,086,086
Cap Rate 9%
$844,733
Alternative Uses
Best Use
Specialty Retail
$1.09M
$950.3K – $1.27M
NOI $76,026 @ 7.0% cap · market cap 2.84%
Second Best
Retail
$935.0K
$818.1K – $1.09M
NOI $65,450 @ 7.0% cap · market cap 2.45%
Theoretical Best
Office A
$1.78M
$1.56M – $2.08M
NOI $124,825 @ 7.0% cap · market cap 4.67%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,155
Businesses Nearby
Explore this area
Business Placement
Demographics for 85308, AZ
66,540
Population
26,540
Households
2.5
Avg Household Size
40
Median Age
38%
College-Educated
95%
High-School Grad
16.9 sq mi
ZIP Area
3,937
Density / Sq Mi
$95,512
Median Household Income
$50,026
Median Earnings
$1,777
Median Rent
$420,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Strip mall - Glendale commercial property featuring a 24-hour Mexican takeout restaurant and an additional tenant component.
Where is this strip mall located?
The property is located at 5920 W Bell Rd Glendale, AZ.
What is the asking price?
The asking price for this property is $2,672,300.
What are key features of this property?
This property features: 5,677‑square‑foot two‑tenant strip mall; Drive‑through Mexican takeout restaurant with 24‑hour service; Filiberto’s restaurant component
