3522 Bell Rd Glendale, AZ 85308-4314

Property Details for 3522 Bell Rd

Year built

1981

Construction

CONCRETE

Lot size

1.70 lot acres

Property size

28,260 SF

Zone code

PSC

Property type

Outlet malls

APN

207-19-006R

APU

20719006R

Description

This exceptional investment opportunity presents a 12,500 square foot Dollar Tree storefront in Glendale, Arizona, boasting a strong 6.50% cap rate and a Net Lease structure with a corporate guarantee. The property, built in 1981 and situated on a 1.7-acre lot, features a recently refreshed exterior and enjoys 100% occupancy with a lease expiring April 30, 2028, offering a remaining term of 3.4 years, plus a five-year option. The current Net Operating Income (NOI) stands at $191,365, translating to a price per square foot of $235.53. Dollar Tree, a highly rated investment-grade tenant (S&P BBB rating), has occupied the space since 2008, demonstrating long-term commitment as evidenced by their recent storefront sign installation. The property benefits from a high-traffic location, with approximately 67,038 vehicles per day passing the intersection of 35th Avenue and Bell Road. Furthermore, the property enjoys proximity to a dense population (approximately 336,149 residents within a 5-mile radius) and significant consumer spending ($4.1 billion estimated). Convenient access to I-17, a major commuter artery with approximately 200,400 vehicles per day, further enhances the property's strategic location. This is a compelling investment opportunity with a resilient tenant and strong underlying market fundamentals.

Location Insight

City

Glendale

County

Maricopa

State

Arizona

Longitude

-112.135

Latitude

33.6411

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments