Bank
PNC Bank (Dark)
5740 W Bell Rd, Glendale, AZ 85308
Listing Price: $3,328,000
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire a PNC ground lease in Glendale, Arizona. The property consists of a 3,466-square-foot, freestanding building that sits on approximately 1 acre of land. There is less than one year remaining on the current lease term. Although PNC Bank is vacating the premise at the end of the lease term, they are still obligated for approximately $213,514 in future rent obligations. At the asking price, an investor should be able to lower their basis in the property, recapturing a percentage of their initial investment over the remaining lease term. The property has excellent access and visibility on W Bell Road (39,229 VPD)—a major retail corridor. The area is extremely dense with more than 351,443 residents within a five-mile radius.
Investment Highlights
- Tenant is Responsible for Approximately $213,514 in Future Rent Obligations
- Ground Lease with Less than One Year Remaining
- Excellent Visibility and Access on West Bell Road (39,229 VPD)
- Outparcel to WinCo Foods Anchored-Shopping Center in a Major Retail Corridor
- More than 351,443 Residents Within a Five-Mile Radius
- Large 1 Acre Parcel with Ample Parking and Multiple Access Points
Exclusively Listed By
Broker of Record
-
Ryan Sarbinoff
First Vice President/Regional Manager
Listing Price: $3,328,000
Investment Highlights
- Tenant is Responsible for Approximately $213,514 in Future Rent Obligations
- Ground Lease with Less than One Year Remaining
- Excellent Visibility and Access on West Bell Road (39,229 VPD)
- Outparcel to WinCo Foods Anchored-Shopping Center in a Major Retail Corridor
- More than 351,443 Residents Within a Five-Mile Radius
- Large 1 Acre Parcel with Ample Parking and Multiple Access Points
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire a PNC ground lease in Glendale, Arizona. The property consists of a 3,466-square-foot, freestanding building that sits on approximately 1 acre of land. There is less than one year remaining on the current lease term. Although PNC Bank is vacating the premise at the end of the lease term, they are still obligated for approximately $213,514 in future rent obligations. At the asking price, an investor should be able to lower their basis in the property, recapturing a percentage of their initial investment over the remaining lease term. The property has excellent access and visibility on W Bell Road (39,229 VPD)—a major retail corridor. The area is extremely dense with more than 351,443 residents within a five-mile radius.
Exclusively Listed By
Broker of Record
-
Ryan Sarbinoff
First Vice President/Regional Manager

