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Filiberto's Drive-Thru Two-Tenant 5912-5920 W Bell Rd 5,677 SF 100% Leased Retail Building Glendale, AZ 85308 $3,720,002 CAD ($655.28 CAD/SF) 6.50% Cap Rate
Investment Highlights
- 100% Leased to 2 Tenants - Both NNN Leases with Rent Increases and Renewal Options
- Filiberto's is an Established Regional QSR Chain with 130+ Locations in Arizona, California, and New Mexico
- Excellent Frontage and Accessibility Along Bell Road, a Major East-West Arterial, with Approximately 75,000 Cars per Day at the Intersection
- Below Market Drive-Thru Rent
- Densely-Populated Glendale Trade Area in the Phoenix MSA - 340,897 Residents within a 5-Mile Radius
- Busy Retail Corridor Location Surrounded by National Tenants: The Home Depot, Fry's, Walmart Supercenter, Kohl's, and More
Executive Summary
Marcus & Millichap is pleased to present for sale Filiberto's Drive-Thru Two Tenant in Glendale, Arizona. Filiberto’s is a popular 24-hour Mexican takeout restaurant, first introduced to Arizona in 1993.
The city of Glendale is the sports destination for all of Arizona. Located about 9 miles northwest of Downtown Phoenix, Glendale is home to top shopping and dining districts, the largest Air Force Training base in the world, Midwestern University (metropolitan Phoenix’s first medical school) and a major postgraduate international business school: the Thunderbird School of Global Management. The city's estimated 2020 population was just under 250,000.
The city of Glendale is the sports destination for all of Arizona. Located about 9 miles northwest of Downtown Phoenix, Glendale is home to top shopping and dining districts, the largest Air Force Training base in the world, Midwestern University (metropolitan Phoenix’s first medical school) and a major postgraduate international business school: the Thunderbird School of Global Management. The city's estimated 2020 population was just under 250,000.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,677 SF
Building Class
C
Year Built
1994
Price
$3,720,002 CAD
Price Per SF
$655.28 CAD
Cap Rate
6.50%
NOI
$241,801 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Lot Size
1.03 AC
Zoning
PAD - Planned Area Development
Parking
40 Spaces (7.15 Spaces per 1,000 SF Leased)
Frontage
220’ on W Bell Rd
Amenities
- Restaurant
- Drive Thru
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 200-48-006C | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $290,242 CAD |
Property Taxes
Parcel Number
200-48-006C
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$290,242 CAD
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Filiberto's Drive-Thru Two-Tenant | 5912-5920 W Bell Rd
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