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Property profile & analytics
OFF-MARKET Estimated value $3,690,000
Outlet malls

3522 Bell Rd Glendale, AZ 85308-4314

28,260 SF 1.7 ac lot Built 1981
Entity Owned 8-yr Hold ~ Est. High Equity
Property ID
US07-1768468
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1981
Construction CONCRETE
Total area 28,260 SF
Lot 1.7 ac (74,181 SF)
Zoning code PSC
APN 207-19-006R
UPID US07-1768468
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Dollar Tree Grocery & Convenience Store Food Market
  • Woodland Plaza Shopping Center Shopping Center & Mall
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.69M
Blend (final) Blend
$3.69M
Owner & transaction history
Chillies Investments LLC · 8 yrs held
Chillies Investments LLC
since 2018
5 recorded transactions
2018
$2.3M
2013
$1.9M
2012
Price N/A
2005
$1.5M
1969
Price N/A
Zoning & alternative use
PSC · Glendale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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