Investment Overview

Located at 10240 N 43rd Ave in Glendale, Arizona. This fully occupied retail center spans 7,195 square feet on a 0.55-acre lot and features a strong tenant mix, including Little Caesars, NextCare Urgent Care, and a third suite. These tenants operate under an attractive NNN lease structure with a current Net Operating Income of $191,037. Glendale Towne Center is strategically positioned in a high-traffic retail corridor with excellent visibility, benefiting from significant daily traffic counts of 27,033 VPD on N 43rd Ave and 39,217 VPD on W Peoria Ave. The property features ample on-site parking and multiple access points, enhancing accessibility for customers and ensuring strong tenant exposure. Located in Glendale's thriving commercial district, the center is surrounded by major national retailers including Target, Wells Fargo, Denny's, and Subway, creating a robust retail ecosystem that drives consistent foot traffic. The property benefits from its proximity to major attractions including State Farm Stadium (8-minute drive), Westgate Entertainment District (8-minute drive), and Arrowhead Towne Center (5-minute drive), ensuring a steady flow of visitors to the area. The demographics surrounding Glendale Towne Center are particularly strong, with a 1-mile radius showing 16,450 residents, average household income of $91,500, and median income of $72,800. The 3-mile radius expands to 142,680 residents with average household income of $85,400, providing a substantial customer base for the retail tenants. Built in 1981, this well-maintained property represents an excellent investment opportunity in Arizona's growing Phoenix metropolitan area, offering stable cash flow from established tenants in a prime retail location with strong demographic fundamentals.