3522 Bell Rd Glendale, AZ 85308-4314
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.
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Dollar Tree Grocery & Convenience Store Food Market
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Woodland Plaza Shopping Center Shopping Center & Mall
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
PSC · Glendale, AZGlendale. Always verify with local authorities before improvements.
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.