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Shopping Strip

Northern Crossing

7800 N 55th Ave, Glendale, AZ 85301

Listing Price: $3,500,000

Cap Rate
6.10%
Gross SF
13,540
Rentable SF
13,540
Price/Gross SF
$258.49
Lot Size
1.80 acres
Year Built
2006

Investment Overview

The property is 91 percent leased to eight diverse tenants. The city of Glendale is the sports destination for all of Arizona. Located about nine miles northwest of Downtown Phoenix, Glendale is home to top shopping and dining districts, the largest Air Force Training base in the world, Midwestern University (metropolitan Phoenix’s first medical school) and a major postgraduate international business school: the Thunderbird School of Global Management. The city's estimated 2020 population was just under 250,000.

Investment Highlights

  • 91 Percent Leased to a Diverse Profile of Highly Internet-Resistant Food and Service Tenants
  • All Triple-Net (NNN) Leases - Majority of Tenants Have Annual Rent Increases
  • 490,410 Residents Within a Five-Mile Radius - Densely Populated and Growing Glendale Trade Area in the Phoenix MSA
  • Situated in Northern Crossing - Anchors Include Walmart and Lowe's and Other Tenants Include Taco Bell, PetSmart, Carl's Jr., Ross, Golden Corral, and Chipotle
  • Shadow Anchored by Walmart Supercenter
  • Less than 15 Minutes from Westgate, Glendale's Sports and Entertainment District - Home to Tanger Outlets, State Farm Stadium Gila River Arena, Retail, and Restaurants
  • Located at the Corner of West Northern Avenue and North 55th Avenue (Combined 42,700 Plus Cars per Day)
  • Two Miles South of Glendale Community College (Over 18,100 Students)

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s) AZ: BR675146000

    Arizona

Financing By

Shopping Strip

Northern Crossing

Listing Price: $3,500,000

Cap Rate
6.10%
Gross SF
13,540
Rentable SF
13,540
Price/Gross SF
$258.49
Lot Size
1.80 acres
Year Built
2006

Investment Highlights

  • 91 Percent Leased to a Diverse Profile of Highly Internet-Resistant Food and Service Tenants
  • All Triple-Net (NNN) Leases - Majority of Tenants Have Annual Rent Increases
  • 490,410 Residents Within a Five-Mile Radius - Densely Populated and Growing Glendale Trade Area in the Phoenix MSA
  • Situated in Northern Crossing - Anchors Include Walmart and Lowe's and Other Tenants Include Taco Bell, PetSmart, Carl's Jr., Ross, Golden Corral, and Chipotle
  • Shadow Anchored by Walmart Supercenter
  • Less than 15 Minutes from Westgate, Glendale's Sports and Entertainment District - Home to Tanger Outlets, State Farm Stadium Gila River Arena, Retail, and Restaurants
  • Located at the Corner of West Northern Avenue and North 55th Avenue (Combined 42,700 Plus Cars per Day)
  • Two Miles South of Glendale Community College (Over 18,100 Students)

Investment Overview

The property is 91 percent leased to eight diverse tenants. The city of Glendale is the sports destination for all of Arizona. Located about nine miles northwest of Downtown Phoenix, Glendale is home to top shopping and dining districts, the largest Air Force Training base in the world, Midwestern University (metropolitan Phoenix’s first medical school) and a major postgraduate international business school: the Thunderbird School of Global Management. The city's estimated 2020 population was just under 250,000.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s): AZ: BR675146000

    Arizona

Financing By

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