5665 W Bell Rd - Department Store FOR SALE


Glendale, AZ 85308- Arrowhead
$13,000,000 USD
602-474-9589
5665 W Bell Rd, Glendale, AZ for Sale
$13,000,000 USD
Department Store - FOR SALE
1/16
null | 7.18% Cap Rate

5665 W Bell Rd
Glendale, AZ 85308
Arrowhead


HIGHLIGHTS

  • 100% leased investment with two tenants operating under NNN lease structures.
  • Offered at $13,000,000 with a stated Year 1 cap rate of 7.18%.
  • Recent capital improvements include a new 10-year roof installed in 2026.
  • Located on Bell Road with signalized access and strong retail visibility.
  • Anchored by experiential entertainment concepts serving repeat-visit customers.
  • Situated within the established Arrowhead trade area near major regional retailers.

OVERVIEW

Talavi Towne Center II presents the opportunity to acquire a 100% leased, two-tenant family entertainment investment located at 5665 W. Bell Road in Glendale, Arizona. The property consists of approximately 61,302 square feet and is fully occupied by Big Air Trampoline & Adventure Park and The Pickleball Space, two experiential entertainment concepts that generate recurring customer visitation and benefit from limited exposure to e-commerce competition. The asset is offered at $13,000,000 and features a Year 1 NOI of $933,879 with a stated Year 1 cap rate of 7.18%. Both tenants operate under triple-net lease structures, providing investors with predictable income and reduced landlord responsibilities. Big Air recently executed a long-term lease with multiple renewal options, while The Pickleball Space occupies the balance of the property and serves a growing recreational user base. Ownership has also completed significant capital improvements, including substantial tenant improvements, renovated restrooms, fresh exterior paint, parking lot sealing and striping, and a new 10-year roof installed in 2026. Positioned directly on Bell Road, one of Glendale's primary retail corridors, the property benefits from visibility, signalized access, and proximity to major retailers within the larger Talavi Towne Center, including WinCo Foods and Walmart Supercenter. The location is within Glendale's established Arrowhead trade area, approximately two miles from Arrowhead Towne Center and near major employment drivers including healthcare, aerospace, and defense employers. The combination of long-term tenancy, recent capital investment, established traffic patterns, and experiential retail demand creates a stabilized investment opportunity within one of the Phoenix metropolitan area's largest suburban markets.

FOR SALE DETAILS

PRICE

$13,000,000 USD

PRICE/SF

$212 USD /SF

CAP RATE

7.18%

% 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.