2520 West Glendale Avenue
Phoenix, AZ
Price:
$3,182,000
Cap Rate:
4.40%
NOI:
$140,000
Building Size:
Approx. 2,373 Sq. Ft.
Lot Size:
Approx. 0.83 Acres
Type:
Single-Tenant / Retail
Sub Category:
QSR
Year Built / Renovated:
1988 / 2010
Investment Overview
- 2010 Renovation. 2,373+/- SF Building on 0.83+/- Acre Site
- New Sale Lease-Back with Stine Enterprises (Operates 86 Jack in the Box & 13 Denny’s)
- 20 Yr Absolute NNN Lease w/ 8% Rental Increases Every 5 Years, Including Options
- Strategically Located Just off of I-17 (101K VPD) & Only 5 Minutes from Downtown Phoenix
- Strong Income Demos w/ an est. $76,290 within a 3-Mile Radius
- Near Food City, Target, PetSmart, Walmart SuperCenter, Big Lots!, Kroger, etc.
- Phoenix | Capital City | Population: 1.72 Million