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Off Market
1/17

5408 W Bell Rd
Glendale, AZ 85308


HIGHLIGHTS

  • Long Term Net Lease
  • Recent Lease Extension
  • Irreplaceable Infill Location
  • Investment Grade Tenant
  • Long Standing History at this Location

OVERVIEW

The property is conveniently located at the signalized intersection of West Bell Road and North 55th Avenue, with excellent visibility and access to over 45,288 vehicles per day. The property is a short distance from North 51st Avenue (24,885 AADT), which provides access to the nearby Route 101, a semi-beltway encompassing much of the Phoenix metropolitan area, with a high traffic volume of 169,144 vehicles per day near the property. The property anchors the Desert Glen Shopping Center, which features a strong mix of local, regional, and national tenants, including Big 5 Sporting Goods, Music & Arts, Edible Arrangements, Justice, and more. The West Bell Road retail corridor is home to some of the Phoenix area’s most popular shopping destinations. Arrowhead Towne Center—located less than three miles from the property—is the leading shopping destination in the Phoenix area’s West Valley region, drawing 10.8 million shoppers per year. Other nearby shopping centers include Arrowhead Crossing—featuring Target and Ross—and Talavi Towne Center, anchored by Walmart Supercenter. The property is centrally located near several schools and universities, important community amenities, and major employers. The property is close to a number of public schools—such as Deer Valley High School (1,900 students)—as well as the campuses of several colleges, including Midwestern University (2,932 students) and Arizona State University’s West Campus (3,663 students). Several notable community amenities are just minutes from the property, including the 555-bed, 3,000-employee Banner Thunderbird Medical Center and the 145-acre Peoria Sports Complex, which hosts spring training for Major League Baseball’s San Diego Padres and Seattle Mariners. Also close to the property are several of the region’s largest employers, such as AAA’s operations center (1,067 employees)—providing a strong daytime population of 138,592 daytime employees working within a five-mile radius. Additionally, the property is supported by a sizeable customer base with robust demographics; 350,428 residents live within a five-mile radius, and the average household income within one mile of the property is $87,551.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

Kohl's | Recent Lease Extension

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Department Store

TOTAL BUILDING SIZE

88408

STORIES

1

YEAR BUILT

2003

SPRINKLERS

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PARKING SPACES

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LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

200-49-802A