5665 W Bell Rd - Department Store FOR SALE


Glendale, AZ 85308- Arrowhead
$12,000,000 USD
602-474-9589
5665 W Bell Rd, Glendale, AZ for Sale
$12,000,000 USD
Department Store - FOR SALE
1/12
null | Request Cap Rate

5665 W Bell Rd
Glendale, AZ 85308
Arrowhead


HIGHLIGHTS

  • Exceptional owner/user opportunity with a fully built-out ±31,302 SF trampoline and entertainment operation, including furniture, fixtures, and equipm
  • Additional income stream from ±30,000 SF leased to an established pickleball operator (The Pickleball Space)
  • Located in an amenity-rich submarket with numerous nearby hotels, restaurants, and entertainment venues
  • Just 2 miles from Loop 101, offering convenient access to the entire Phoenix MSA
  • Immediate proximity to Arrowhead Towne Center, Peoria Sports Complex, State Farm Stadium, VAI Resort, and Westgate Entertainment District
  • Average household income of over $93,000 within a 3-mile radius

OVERVIEW

Lee & Associates Arizona Commercial Real Estate Services Company (“Exclusive Broker”) is pleased to present for sale Talavi Towne Center II, a ±61,302 square foot retail center situated on 5.67 acres of PAD-zoned land in the heart of Glendale, Arizona (the “Property”). Ownership has recently completed significant capital improvements, including substantial tenant improvements, restroom renovations, exterior painting, and parking lot sealcoating and striping (completed July 2024). Approximately ±31,302 square feet can be made available for an owner-user at closing, offering an excellent opportunity for partial occupancy with FF&E’s potentially included. The Pickleball Space (±30,000 square feet) will execute a new lease concurrent with close of escrow, providing immediate rental income - terms subject to negotiation. In addition to a traditional sale, the seller is open to exploring alternative transaction structures, including the sale of the operating businesses, a joint venture, partnership, or other creative arrangements involving the businesses and/or the real estate. Ownership is willing to consider all viable options with a prospective qualifed buyer.

FOR SALE DETAILS

PRICE

$12,000,000 USD

PRICE/SF

$188 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

291

LAND DETAILS

LAND ACRES

5.68 AC

LAND SF

247,421 SF

ZONING

PAD

APN/PARCEL ID

200-50-204

ASK ABOUT THIS PROPERTY

Marcus MuirheadLee & AssociatesMore Info
602-474-9589

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

Marcus MuirheadLee & AssociatesMore Info
602-474-9589

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