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10240 N 43rd Ave
Glendale, AZ 85302
Retail Property For Sale
Investment Highlights
- Located in Glendale's premier retail corridor near Target, Wells Fargo, and other national retailers
- NNN lease structure, which enables tenants to assume responsibility for nearly all operating expenses, including taxes, insurance, and maintenance
- Exceptional visibility and accessibility with its prime location on N 43rd Ave, benefiting from exposure to over 27,000 vehicles per day (VPD)
Executive Summary
We are pleased to present for sale GLENDALE TOWNE CENTER
Located at 10240 N. 43rd Avenue in Glendale, Arizona (Population 257,125)
within the thriving Phoenix Metropolitan Area. This 7,195 sf multi-tenant
pad building sits on a 0.55ac lot and is 80% leased to two established
corporate tenants: Little Caesars and NextCare Urgent Care. The property is
strategically positioned directly in front of a recently renovated Target on
the high-traffic southwest corner of 43rd Avenue and Peoria Avenue,
offering exceptional visibility alongside a refreshed anchor tenant driving
consistent customer traffic.
With over 60,000 vehicles per day, the property benefits from outstanding
exposure in one of Glendale's most active retail corridors. The surrounding
trade area features over 348,750 residents within 5 miles and an average
household income of $91,500 within 1 mile.
Located just 2 miles from the I-17 Freeway with excellent regional
accessibility, the property is co-tenanted alongside the newly renovated
Target, Wells Fargo, Denny's, and Walgreens within Glendale Towne Center.
This represents an outstanding opportunity for investors seeking stable
income with minimal management. The triple-net lease structure and
staggered lease terms extending through 2030 provide predictable cash
flow with limited landlord responsibilities. Combined with the recent Target
renovation, strong demographics, and superior visibility, Glendale Towne
Center is a compelling acquisition in one of Phoenix's most established retail
markets.
Located at 10240 N. 43rd Avenue in Glendale, Arizona (Population 257,125)
within the thriving Phoenix Metropolitan Area. This 7,195 sf multi-tenant
pad building sits on a 0.55ac lot and is 80% leased to two established
corporate tenants: Little Caesars and NextCare Urgent Care. The property is
strategically positioned directly in front of a recently renovated Target on
the high-traffic southwest corner of 43rd Avenue and Peoria Avenue,
offering exceptional visibility alongside a refreshed anchor tenant driving
consistent customer traffic.
With over 60,000 vehicles per day, the property benefits from outstanding
exposure in one of Glendale's most active retail corridors. The surrounding
trade area features over 348,750 residents within 5 miles and an average
household income of $91,500 within 1 mile.
Located just 2 miles from the I-17 Freeway with excellent regional
accessibility, the property is co-tenanted alongside the newly renovated
Target, Wells Fargo, Denny's, and Walgreens within Glendale Towne Center.
This represents an outstanding opportunity for investors seeking stable
income with minimal management. The triple-net lease structure and
staggered lease terms extending through 2030 provide predictable cash
flow with limited landlord responsibilities. Combined with the recent Target
renovation, strong demographics, and superior visibility, Glendale Towne
Center is a compelling acquisition in one of Phoenix's most established retail
markets.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
7,195 SF
Building Class
B
Year Built
1981
Price
$4,630,434 CAD
Price Per SF
$643.56 CAD
Cap Rate
6%
NOI
$277,826 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.31
Lot Size
0.53 AC
Zoning
C-2, Glendale - General Commercial
Parking
60 Spaces (8.34 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 148-06-552 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $102,527 CAD |
Property Taxes
Parcel Number
148-06-552
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$102,527 CAD
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