10240 N 43rd Ave - Freestanding FOR SALE


Glendale, AZ 85302
$3,384,078 USD
503-200-2061
10240 N 43rd Ave, Glendale, AZ for Sale
$3,384,078 USD
Freestanding - FOR SALE
1/16
null | 6% Cap Rate

10240 N 43rd Ave
Glendale, AZ 85302


HIGHLIGHTS

  • Located in Glendale's premier retail corridor near Target, Wells Fargo, and other national retailers
  • Exceptional visibility and accessibility with its prime location on N 43rd Ave, benefiting from exposure to over 27,000 vehicles per day (VPD)
  • NNN lease structure, which enables tenants to assume responsibility for nearly all operating expenses, including taxes, insurance, and maintenance

OVERVIEW

We are pleased to present for sale GLENDALE TOWNE CENTER Located at 10240 N. 43rd Avenue in Glendale, Arizona (Population 257,125) within the thriving Phoenix Metropolitan Area. This 7,195 sf multi-tenant pad building sits on a 0.55ac lot and is 80% leased to two established corporate tenants: Little Caesars and NextCare Urgent Care. The property is strategically positioned directly in front of a recently renovated Target on the high-traffic southwest corner of 43rd Avenue and Peoria Avenue, offering exceptional visibility alongside a refreshed anchor tenant driving consistent customer traffic. With over 60,000 vehicles per day, the property benefits from outstanding exposure in one of Glendale's most active retail corridors. The surrounding trade area features over 348,750 residents within 5 miles and an average household income of $91,500 within 1 mile. Located just 2 miles from the I-17 Freeway with excellent regional accessibility, the property is co-tenanted alongside the newly renovated Target, Wells Fargo, Denny's, and Walgreens within Glendale Towne Center. This represents an outstanding opportunity for investors seeking stable income with minimal management. The triple-net lease structure and staggered lease terms extending through 2030 provide predictable cash flow with limited landlord responsibilities. Combined with the recent Target renovation, strong demographics, and superior visibility, Glendale Towne Center is a compelling acquisition in one of Phoenix's most established retail markets.

FOR SALE DETAILS

PRICE

$3,384,078 USD

PRICE/SF

$470 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

23,087 SF

ZONING

C-2, Glendale

APN/PARCEL ID

148-06-552

ASK ABOUT THIS PROPERTY

Joseph DabushMarcus & MillichapMore Info
503-200-2061

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Joseph DabushMarcus & MillichapMore Info
503-200-2061

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.