NNN Corner Retail
6020 W Myrtle Avenue Glendale, AZ 85301
6020 W Myrtle Avenue, Glendale, AZ, 85301
$2,150,000
For Sale
$2,150,000
NNN-occupied retail building on a C-2 corner lot with 30 uncovered parking spaces and excess land for expansion.
Property Size13,499 SF
Lot Size1.10 Acres
Price / SF$159.27
Days on Market83
Property Features for 6020 W Myrtle Avenue
General Information
- Standard status
- Active
- Size
- 13,499 SF
- Lot size
- 1.10 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1963
Listing agency
Russ Lyon Sotheby's International Realty
(480) 294-9255
Listed by
Pariya Malhamdary
(480) 294-9255
Source
Sunhaven-realestate
Added: May 1 Updated: Jul 22 at 11:58AM Checked: Jul 22 at 11:58AM
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 Russ Lyon Sotheby's International Realty
Investment Insights
Based on property information with market context.
This NNN-occupied retail building sits on a high-visibility northeast corner at Grand Avenue and Myrtle Avenue, with the property currently 100% leased under a NNN structure. The site includes a 13,499 SF building on a 1.1-acre, C-2 zoned lot. The offering also includes approximately 12,000 SF of excess land that could support future construction or site expansion.
Operationally, the property is described as having strong ingress/egress and is positioned along Glendale’s commercial corridor. It also includes 30 uncovered parking spaces and a well-maintained structure.
The asset combines immediate income with a flexible site footprint, supported by the stated NNN lease occupancy and the additional available land area.
Operationally, the property is described as having strong ingress/egress and is positioned along Glendale’s commercial corridor. It also includes 30 uncovered parking spaces and a well-maintained structure.
The asset combines immediate income with a flexible site footprint, supported by the stated NNN lease occupancy and the additional available land area.
Key Highlights
- 13,499 SF retail building built in 1963 on a C‑2 zoned 1.1‑acre lot
- 100% occupied under an NNN lease structure for consistent cash flow with minimal landlord responsibility
- Approximately 12,000 SF of excess land provides room for future construction or site expansion
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 | $243.0k | $18.00 |
| − Vacancy | −$20.7k | −$1.53 |
| EGI | $222.3k | $16.47 |
| − OpEx | −$66.7k | −$4.94 |
| NOI | $155.6k | $11.53 |
13,499 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.22M
$1.95M – $2.59M
NOI $155,630 @ 7.0% cap · market cap 7.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.24M
$3.71M – $4.95M
NOI $296,814 @ 7.0% cap · market cap 13.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Gilberto Cruz Appliance ...
Home Appliance Store
NAPA Auto Parts
Auto Parts Store
Similar For Sale Nearby
FAQs
What type of property is this?
NNN property - NNN-occupied retail building on a C-2 corner lot with 30 uncovered parking spaces and excess land for expansion.
Where is this nnn property located?
The property is located at 6020 W Myrtle Avenue Glendale, AZ.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: 13,499 SF retail building built in 1963 on a C‑2 zoned 1.1‑acre lot; 100% occupied under an NNN lease structure for consistent cash flow with minimal landlord responsibility; Approximately 12,000 SF of excess land provides room for future construction or site expansion
