5723 W Glendale Ave - Storefront Retail/Office FOR SALE


Glendale, AZ 85301- Westside
$1,700,000 USD
602-397-4886
5723 W Glendale Ave, Glendale, AZ for Sale
$1,700,000 USD
Storefront Retail/Office - FOR SALE
1/6
null | 6.26% Cap Rate

5723 W Glendale Ave
Glendale, AZ 85301
Westside


HIGHLIGHTS

  • Hard corner location in Historic Downtown Glendale, one of the most recognized dining and entertainment districts in the West Valley
  • Home of La Perla, a Glendale dining institution dating to 1946, open and operating
  • Brand new 5 year lease through January 2031 with 3% annual escalations
  • Patio frontage along the Glendale Ave corridor
  • PR (Pedestrian Retail) zoning supporting bar, restaurant, and retail uses

OVERVIEW

Positioned at the center of the Historic Downtown Glendale entertainment district, 5723 W Glendale Ave presents a rare opportunity to acquire a ±3,843 SF freestanding bar and restaurant on the hard corner of Glendale Avenue and 57th Drive. The tenant operates under a brand new five year lease commencing February 2026, with 3% annual increases and a personal guaranty in place. Investors gain immediate, growing cash flow with no near term rollover risk. The offering includes two parcels totaling ±9,750 SF (±0.22 acres), combining the building parcel with a dedicated on-site parking lot, a distinct advantage in a downtown district where most operators rely on street and shared public parking.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$442 USD /SF

CAP RATE

6.26%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

PR

APN/PARCEL ID

146-02-931

ASK ABOUT THIS PROPERTY

Tommy MooreROI Properties, LLCMore Info
602-397-4886

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Tommy MooreROI Properties, LLCMore Info
602-397-4886

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