The Snyder Carlton National Net Lease Team is pleased to offer investors an excellent opportunity to acquire a multi-tenant, NNN-leased retail asset in Glendale, AZ. 100% occupied by Nothing Bundt Cakes, Verizon, Cali Tacos, and BEBA Nails & Salon, the property is subject to long-term leases, strong rent increases, and minimal landlord responsibilities, making this asset ideal for an investor seeking passive cash flows from a diversified mix of tenants.
Located within the Phoenix MSA, the new-construction, 6,895-SF building with drive-thru on a 1.04-acre parcel is adjacent to the hard-corner signalized intersection of Bethany Home Road & N 75th Avenue, which sees over 32,900 VPD.
Additionally, the strip center is less than 3 miles from some of Phoenix’s greatest attractions. The Westgate Entertainment District sees over 22 million visitors annually, State Farm Stadium, home to the Arizona Cardinals, seats over 63,400 fans, and Desert Diamond Arena is one of Arizona’s largest venues for concerts, shows, and sporting events. Nearby retailers include Safeway, Fry’s, Ace Hardware, EoS Fitness, Walgreens, AutoZone, Dairy Queen, Dutch Bros, Jack in the Box, and more.
This is a great opportunity to purchase a net-leased strip center in the Phoenix MSA (population exceeding 5.1 million) with long-term net leases, attractive rent increases, and strong demographics providing inflation-resistant cash flows for years to come.
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Shops at 75th - Glendale, AZ (Ground) 44
Shops at 75th - Glendale, AZ (Ground) 43
