NNN Corner Retail
For Sale
$2,150,000
6020 W MYRTLE Avenue, Glendale, AZ 85301
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 Market174
Property Features for 6020 W MYRTLE Avenue
General Information
Standard status
Active
Size
13,499 SF
Total Parking Spaces
30
Lot size
1.10 Acres
Property subtype
COMMERCIAL
Zoning
C-2
Occupancy
100%
Taxes and HOA fees
Annual Taxes
$572
Building Details
Building Size
13,499 SF
Year Built
1963
Listing Agency:
Russ Lyon Sotheby's International Realty
Listed By:
Pariya Malhamdary
(480) 294-9255
Source:
Jcluxuryresidential
Added: May 1
Changed: Oct 13
Last Checked: Oct 21 at 3:18AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$155,630
Cap Rate
7.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,112,600
$3.1M
Cap Rate 7%
$2,223,286
$2.2M
Cap Rate 9%
$1,729,222
$1.7M
Market Conditions
NOI Build-Up for 13,499 SF
Gross rent
$243.0K $18.00/SF
− Vacancy
−$20.7K −$1.53/SF
EGI
$222.3K $16.47/SF
− OpEx
−$66.7K −$4.94/SF
NOI
$155.6K $11.53/SF
Area
Glendale, AZ
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,112,600
Cap Rate 7%
$2,223,286
Cap Rate 9%
$1,729,222
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 authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,373
Businesses Nearby
Explore this area
Business Placement
Demographics for 85301, AZ
67,380
Population
24,019
Households
2.8
Avg Household Size
30
Median Age
11%
College-Educated
71%
High-School Grad
9.3 sq mi
ZIP Area
7,245
Density / Sq Mi
$47,422
Median Household Income
$33,727
Median Earnings
$1,189
Median Rent
$218,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
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
