SWC 67th & Montebello Ave - Retail FOR SALE


Glendale, AZ 85301- Westside
$2,761,000 USD
602-206-0784
SWC 67th & Montebello Ave, Glendale, AZ for Sale
$2,761,000 USD
Retail - FOR SALE
1/3
null | 5.25% Cap Rate

SWC 67th & Montebello Ave
Glendale, AZ 85301
Westside


HIGHLIGHTS

  • Brand-New Corporate 15-Year Absolute Triple-Net Ground Lease
  • Kroger (NYSE: KR) Brand Market Cap: $40 Billion
  • ±203,533 Population in a 3-Mile Radius

OVERVIEW

- Single-tenant Fry’s Fuel Station Investment Opportunity featuring a brand-new 15-year absolute triple-net (NNN) lease with no landlord responsibilities, offering passive long-term income to ownership. - Fry’s is a subsidiary of Kroger (NYSE: KR), the largest pure-play grocer in the United States with ±2,694 supermarkets, ±1,723 fuel stations, ±405,000 employees, and ±$147.1 billion in total annual revenue. - Kroger has an S&P investment grade credit of BBB. - The Property is located on a large ±1.23-acre parcel with a dense population of ±203,533 in a 3-mile radius. - The Property boasts excellent visibility and frontage off 67th Ave (±22,334 VPD) and is just south of the intersection of Bethany Home Rd and 67th Ave (±48,023 VPD). - The Property features 12 fueling stations for a high volume of traffic. - There is a Fry’s grocery anchored shopping center at the intersection directly north of the Property, showcasing their success at and commitment to this location. - The Property is located ±8 minutes east of Westgate Entertainment District, which features over 533,000 square feet of retail, office, and residential space; State Farm Stadium, home of the NFL’s Arizona Cardinals (±73,000 seats); and Desert Diamond Arena (±18,300 seats). Westgate also features Tanger Outlets, which has over 90 brand name outlet stores. - VAI Resort, a $1 billion development that is currently under construction and set to open in 2026, is located ±8 minutes west of the Property. VAI Resort is the largest resort development in Arizona and will feature over 1,100 luxury hotel suites and rooms, a large state of the art 360-degree concert stage, 13 elevated fine dining concepts, as well as the Mattel Adventure Park, Arizona’s first fully themed indoor/outdoor amusement park.

FOR SALE DETAILS

PRICE

$2,761,000 USD

PRICE/SF

$574 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fry's Fueling Station

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.23 AC

LAND SF

53,579 SF

ZONING

C-C

APN/PARCEL ID

144-25-001D

ASK ABOUT THIS PROPERTY

Ben FarthingCBREMore Info
602-206-0784

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Ben FarthingCBREMore Info
602-206-0784

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