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5679 W Northern Ave
Glendale, AZ 85301
GOLDEN CORRAL – GLENDALE, AZ · Retail Property For Sale
Investment Highlights
- OPPORTUNITY ZONE
- EXTREMELY HIGH SALES LOCATION: Successfully open & operating since 2015 and Rent-to-Sales Ratio is less than 2%!
- Pad Site to a Lowe’s Home Improvement & Walmart Anchored Shopping Center with exceptional visibility & access along Northern Avenue
- ABSOLUTE NNN LEASE: Over 9 years remaining on initial 20-Year Absolute NNN Lease with attractive 1.75% rental increases annually
- ADDITIONAL UPSIDE: Tenant is only leasing 1.20 acres of the existing parking lot. The Remainder could be leased to an additional tenant in the future.
- 2025 DEMOGRAPHICS: Total Population (5MI): 499,601 | Average Household Income (1MI): $88,974
Executive Summary
(Building & Land) Fee Simple
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
12,103 SF
Building Class
B
Year Built
2022
Price
$7,396,434 CAD
Price Per SF
$611.12 CAD
Cap Rate
6.25%
NOI
$462,436 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
1.21 AC
Opportunity Zone
Yes
Zoning
C
Parking
40 Spaces (3.3 Spaces per 1,000 SF Leased)
Amenities
- Drive Thru
- Monument Signage
Property Taxes
| Parcel Number | 147-20-172 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $520,374 CAD |
Property Taxes
Parcel Number
147-20-172
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$520,374 CAD
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