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6161 W Bell Road - Goodwill, Glendale, AZ

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6161 W Bell Road - Goodwill

Glendale, AZ 85308-3730 - Ctrl Peoria/Arrowhead Ret Submarket

(3.7 MB)

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:1996
Building Size:27,324 SF Land Area:2.78 AC (120,879 SF)
For Sale Price:$7,180,278 Price/SF:$262.78
Cap Rate:5.75 %
Parking:60 Surface spaces are available; Ratio of 2.2/1,000 SF
Features:Energy Star Labeled

15,000 SF of A/C retail
5,858 SF of A/C office
6,474 SF Evap cooler storage
2,274 SF accessory use

total 27,324 SF

5,000 SF fenced display plaza.
Grade Level loading
800A, 277/480V
2.775 acres
Bell Rd Monument sign

This building was awarded an Energy Star label in 2015 for its operating efficiency.

Sale Notes:
CBRE has exclusively listed for sale this single tenant Goodwill located in Glendale, Arizona at the southwest corner of West Bell Road and North 61st Avenue. This investment opportunity offers a chance to acquire a corporate lease with Goodwill Industries of Central Arizona, Inc., an Arizona nonprofit corporation. The Goodwill building is approximately ±27,324 rentable square feet and is situated on approximately ±2.78 acres. The lease originally commenced in 2012, and currently has 11 years remaining. The Tenant has the right to extend the term of this Lease for one (1) additional period of five (5) years upon the same terms (Please reference page 9 for the rent increase schedule).

Goodwill Industries of Central Arizona, Inc. is headquartered in Phoenix, Arizona. Originally founded in 1947, Goodwill is one of the oldest and largest non-profit organizations in the state, and is a nationally recognized leader in the human services field. Goodwill' s mission is to put people to work. Goodwill operates 70 stores in the Phoenix-metro area, Prescott and Yuma, one clearance center, and over 20 career centers.
This Goodwill is located on a very busy arterial roadway, Bell Road, which has direct access to the Loop 101 and I-17 freeways. The property is two miles away from the Peoria Sports Complex, which was the first Major League Baseball Spring Training and player facility in the country shared by two teams; the San Diego Padres and Seattle Mariners. The 145 acre complex is utilized year round and hosts a variety of events such as concerts, art shows, car and RV shows, private and public events and numerous other events. It includes a 12,000 + capacity stadium, 12 full size practice fields, 4 half fields, 2 clubhouses and numerous other related amenities. The area surrounding Peoria Sports Complex includes numerous hotels, restaurants, shopping and entertainment. Directly across the street from the sports complex is Arrowhead Towne Center, a regional enclosed shopping mall located, managed by Macerich. It is anchored by Macy' s, Sears, Dillard' s, JCPenney, and AMC Theatres and is home to 132 tenants.

Joseph Compagno
(602) 735-1733

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