51st Ave & Olive Ave Glendale, AZ 85302
This exceptional retail opportunity is located at the highly trafficked intersection of 51st Avenue and Olive Avenue in Maricopa County. The property, a newly developed grocery-anchored center, offers a total of 111,308 square feet of retail space, with three spaces currently available. Units range from a minimum of 2,000 square feet to a maximum contiguous space of 58,067 square feet, providing flexibility for a variety of retail uses. A significant 62,909 square feet is currently vacant, presenting a unique chance to establish a presence in a thriving commercial area. The property boasts a C-2 zoning designation, allowing for diverse retail and commercial applications. This in-fill location benefits from an established trade area and exceptional visibility, with a daily traffic count exceeding 136,000 vehicles. The surrounding area demonstrates strong demographics, with a population of 492,000 residents within a five-mile radius, ensuring a substantial customer base. The available spaces include both pad sites and future shop spaces, offering a variety of options to suit different business needs and expansion plans. This is an ideal location for businesses seeking high visibility and access to a large consumer market. Don't miss this opportunity to secure prime retail space in a rapidly growing area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.