Retail Business for Sale in Glendale, AZ

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Glendale, AZ 85301

Description

Taco Bell leased asset with 4 years remaining and no options. Investment Highlights: • 4 years lease with no options. • Positioned in the Phoenix, AZ MSA. • Percentage rent (7.5% of gross sales).

Market Context

This retail in Glendale, AZ is listed for sale. It is offered at an approximate 6.0% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 68 days. Compare it against other retail listings for sale in Glendale, AZ — <a href="/search/sale/retail/arizona/glendale">view the full market</a>.

As of Q3 2023, the Greater Los Angeles retail market showed rents up 0.5% year over year, and cap rates around 5.0%. Source: Consensus Q3 2023 market report.

Its 6.0% asking cap rate is above the Greater Los Angeles retail market average of about 5.0%, implying a higher yield (and typically more risk or upside) than comparable assets.

Retail market FAQ

What is the typical cap rate for retail in Greater Los Angeles?
About 5.0% as of Q3 2023, per Consensus.

Unified Estimate

Medium Confidence

$9.99/SF – $13.51/SF

Mid: $11.75/SF

Rate-first confidence-weighted blend with cost-of-business adjustment.

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