& Bethany Home 75Th Ave Glendale, AZ 85303
- Retail properties
- 935 SF
Current Use by Public Records
- Retail properties
Property Details for & Bethany Home 75Th Ave
- Property size
- 935 SF
- Property type
- Retail properties
Description
This exceptional retail investment property, located at the southwest corner of 75th Avenue and Bethany Home Road in Glendale, Arizona (85303), presents a compelling opportunity. The property boasts a 935 square foot building situated on a substantial 43,203 square foot lot. Currently leased under a 15-year absolute triple net (NNN) lease, this investment offers significant long-term stability with zero landlord responsibilities. The tenant is a major franchisee of a rapidly expanding national brand with over 800 locations and ambitious growth plans exceeding 4,000 units. The lease includes three, five-year renewal options, ensuring continued income generation. Rent increases are built into the lease, providing a 10% increase every five years throughout the entire lease term, including option periods. The asking price is $2,780,000, representing an attractive 5.00% capitalization rate. This property offers a secure, passive income stream with significant upside potential, making it an ideal addition to any diversified investment portfolio. The property's prime location in a high-traffic area of Glendale further enhances its value and appeal. This is a rare opportunity to acquire a well-positioned, high-performing retail investment in a thriving market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Glendale
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.221
- Latitude
- 33.5235
