5940 N 75th Ave - Storefront FOR SALE


Glendale, AZ 85303- Westside
$5,670,000 USD
949-903-3399
5940 N 75th Ave, Glendale, AZ for Sale
$5,670,000 USD
Storefront - FOR SALE
1/6
null | 5.75% Cap Rate

5940 N 75th Ave
Glendale, AZ 85303
Westside


HIGHLIGHTS

  • Brand New Multi-Tenant (4) NNN Leased Strip Center - Diverse Mix of National/Regional Credit
  • High-Profile Signalized Corner - Surrounded by Dense Residential - Near State Farm NFL Stadium
  • Modern Prototype Construction (2025) with Endcap Drive-thru - Transferable Bldg. Warranties
  • Strong Corp. Leases by Verizon (NYSE: VV) and Nothing Bundt Cakes - Additional Service Tenants
  • Rare 10 Year Leases with Annual Rent Bumps (3%-2.5%) - Synergistic/Diversified Mix of Tenants
  • Path of Growth - Affluent Suburb of Phoenix with Tremendous Population Growth - Top Demographics

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$5,670,000 USD

PRICE/SF

$822 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Shops at 75th

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.04 AC

LAND SF

45,302 SF

ZONING

C-1

APN/PARCEL ID

102-07-640

ASK ABOUT THIS PROPERTY

Eric CarltonColliersMore Info
949-903-3399

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Eric CarltonColliersMore Info
949-903-3399

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.