Retail Space
5626 West Bell Road Glendale, AZ 85308
Details & Description
Price: $2,225,000
    SRS Real Estate Partners-West, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in Alante Plaza, a 3-tenant, 6,233 SF, 100% leased investment property located in Glendale, AZ. 40% of the building has been occupied by Tandoori Times Indian Bistro for more than 12 years, speaking to the long-term strength of the location. Tandoori Times has also 1 (5-year) option to extend at fair market rent. An additional 40% of the building’s square footage was recently leased to Churroholics & Hiccups under a 10-year initial term with 2 (5-Year) options to extend. Both leases feature annual rental increases, steadily growing NOI and hedging against inflation. Both tenants operate under NNN leases, limiting expense leakage for a new owner. Current ownership has recently invested significant capital toward the parking lot, roof, and exterior painting of the building, limiting future capital expenditures for a new investor.
    Listing Agents
    Brian Polachek

    O: 602-682-6045
    M: 602-292-3100
    brian.polachek@srsre.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    5626 West Bell Road

    Glendale, AZ 85308

    Listing ID: 255696
    • 5626 West Bell Road Glendale, AZ 85308 | for Sale | Photo 1
    • 5626 West Bell Road Glendale, AZ 85308 | for Sale | Photo 2
    • 5626 West Bell Road Glendale, AZ 85308 | for Sale | Photo 3
    5626 West Bell Road | for Sale | Thumbnail 1
    5626 West Bell Road | for Sale | Thumbnail 2
    5626 West Bell Road | for Sale | Thumbnail 3
    Building Size: 6,233 SF
    Lot Size: 1.000 AC
    Land Size: 43,560 SF
    Building $/SF: $356.97
    Land $/SF: $51.08
    Price
    $2,225,000
    Description

    SRS Real Estate Partners-West, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in Alante Plaza, a 3-tenant, 6,233 SF, 100% leased investment property located in Glendale, AZ. 40% of the building has been occupied by Tandoori Times Indian Bistro for more than 12 years, speaking to the long-term strength of the location. Tandoori Times has also 1 (5-year) option to extend at fair market rent. An additional 40% of the building’s square footage was recently leased to Churroholics & Hiccups under a 10-year initial term with 2 (5-Year) options to extend. Both leases feature annual rental increases, steadily growing NOI and hedging against inflation. Both tenants operate under NNN leases, limiting expense leakage for a new owner. Current ownership has recently invested significant capital toward the parking lot, roof, and exterior painting of the building, limiting future capital expenditures for a new investor.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Glendale History of Retail Space for Sale

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    Glendale Area Market Trends

    Listing Demographics for 5626 West Bell Road Glendale, AZ 85308

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population11,128115,882338,024
    Population Median Age404039
    Population by Age0-9 Yrs1310 (11%)11712 (10%)39864 (11%)
    10-19 Yrs1337 (12%)14720 (12%)41750 (12%)
    20-29 Yrs1263 (11%)17176 (14%)49417 (14%)
    30-39 Yrs1796 (16%)14833 (12%)43739 (12%)
    40-49 Yrs1275 (11%)14930 (12%)43875 (12%)
    50-59 Yrs1642 (14%)17205 (14%)47676 (14%)
    60-69 Yrs1329 (11%)14139 (12%)37893 (11%)
    70+ Yrs1174 (10%)11168 (9%)33810 (10%)
    Median HH Income$76,421$71,733$65,804
    Total Household Income< 24K428 (11%)5922 (14%)18431 (15%)
    25-49K699 (18%)8263 (19%)26555 (21%)
    50-74K681 (18%)7794 (18%)24686 (20%)
    75-99K707 (19%)6818 (16%)18831 (15%)
    100-199K1029 (27%)10924 (25%)28312 (23%)
    200K+153 (4%)2319 (5%)5919 (4%)
    Highest Education LevelNo Diploma656644021349
    Diploma or GED20081990761038
    Some College22052272862164
    Assoc. Degree1016866223620
    Bachelors Degree13221528842845
    Higher Degree740861222487
    Total Housing Units3,98145,269133,604
    --Owner-Occupied3,07128,17381,113
    --Renter-Occupied62613,86841,620
    Owner-Occupied Values< 100K13312855594
    100-199K894677024764
    200-299K13431122731101
    300-399K524525311948
    400-499K16120394189
    500K+1516003517
    Total Working Age Population9,07795,857274,096
    In Work Force5,88262,941179,139
    Not In Work Force3,19532,91794,957
    Workforce Employed5,57759,887170,131
    Workforce Unemployed2952,9798,582
    Civlian Workforce5,87262,866178,713
    Military Workforce1075426
    Total Households3,69742,041122,733
    Family Households2,78428,20782,333
    Non-Family Households91313,83540,400
    Married Couple2,13020,76159,052
    Other Family6547,44623,282
    Married w/Child7047,01021,719
    Single Male w/Child851,1483,751
    Single Female w/Child1222,1767,334

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Arizona5,130,632+256,392,017+147,286,100+148,284,900
    Maricopa County3,072,149+243,817,117+164,436,900+155,107,700

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 5626 West Bell Road in Glendale?
    The asking price for 5626 West Bell Road is $2,225,000
    What is the building size of this Retail property in Glendale, AZ?
    The size of the building/unit at 5626 West Bell Road in Glendale is 6,233 square feet
    How much land does the Glendale, AZ property at 5626 West Bell Road include?
    5626 West Bell Road in Glendale includes 1.000 acres of land
    What kind of Retail is the propery at 5626 West Bell Road?
    The property at 5626 West Bell Road Glendale, AZ 85308 is listed as a Shopping Center Retail property
    What is the population within 1 mile of 5626 West Bell Road in Glendale?
    The population within 1 mile of 5626 West Bell Road Glendale, AZ 85308 is 11,128 people.
    Who do I contact for questions about 5626 West Bell Road?
    You should contact the listing agent, Brian Polachek, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    Phoenix Sky Harbor International Airport (PHX) 17
    Tucson International Airport / Morris Air National Guard Base (TUS) 128
    McCarran International Airport (LAS) 238
    Price
    $2,225,000
    Listing Agent
    More listings from Brian Polachek
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