5145 North 59th Avenue
Glendale, AZ
Price:
$6,025,000
Cap Rate:
4.15%
NOI:
$250,000
Building Size:
Approx. 2,373 Sq. Ft.
Lot Size:
Approx. 0.78 Acres
Type:
Single-Tenant / Retail
Sub Category:
QSR
Year Built / Renovated:
1965 / 2019
Investment Overview
- 2019 Renovation. 2,373+/- SF Building on 0.78+/- Acre Site
- New Sale Lease-Back with Stine Enterprises (Operates 86 Jack in the Box & 14 Denny’s)
- 20 Yr Absolute NNN Lease w/ 8% Rental Increases Every 5 Years, Including Options
- Strategically Located Along N. 59th Ave (32K VPD) in a Dense Retail Corridor
- Top Performing Site w/ TTM Sales Over $3.5M and Recently had a Full Remodel
- Near O’Reilly Auto Parts, Subway, Goodwill, Family Dollar, Chase Bank, etc.
- Glendale | Part of the Phoenix MSA | Phoenix Population: 1.72 Million