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5723 W Glendale Ave
Glendale, AZ 85301
Retail Property For Sale
Investment Highlights
- Hard corner location in Historic Downtown Glendale, one of the most recognized dining and entertainment districts in the West Valley
- Brand new 5 year lease through January 2031 with 3% annual escalations
- PR (Pedestrian Retail) zoning supporting bar, restaurant, and retail uses
- Home of La Perla, a Glendale dining institution dating to 1946, open and operating
- Patio frontage along the Glendale Ave corridor
Executive Summary
Positioned at the center of the Historic Downtown Glendale entertainment district, 5723 W Glendale Ave presents a rare opportunity to acquire a ±3,843 SF freestanding bar and restaurant on the hard corner of Glendale Avenue and 57th Drive. The tenant operates under a brand new five year lease commencing February 2026, with 3% annual increases and a personal guaranty in place. Investors gain immediate, growing cash flow with no near term rollover risk.
The offering includes two parcels totaling ±9,750 SF (±0.22 acres), combining the building parcel with a dedicated on-site parking lot, a distinct advantage in a downtown district where most operators rely on street and shared public parking.
The offering includes two parcels totaling ±9,750 SF (±0.22 acres), combining the building parcel with a dedicated on-site parking lot, a distinct advantage in a downtown district where most operators rely on street and shared public parking.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
3,843 SF
Building Class
B
Year Built
1982
Price
$2,398,190 CAD
Price Per SF
$624.04 CAD
Cap Rate
6.26%
NOI
$150,127 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.59
Lot Size
0.15 AC
Opportunity Zone
Yes
Zoning
PR - The property at 5723 W. Glendale Ave, Glendale, AZ 85301 is located within the Glendale Centerline Overlay District (GCO) and Entertainment District.
Parking
10 Spaces (2.6 Spaces per 1,000 SF Leased)
Frontage
100’ on Glendale Ave
Amenities
- Corner Lot
- Air Conditioning
Property Taxes
| Parcel Number | 146-02-931 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $56,103 CAD |
Property Taxes
Parcel Number
146-02-931
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$56,103 CAD
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