Glendale, Arizona, is a prime location for investing in restaurants, with its strong economy and growing population of approximately 250,000 residents. Restaurants in Glendale offer a unique opportunity for entrepreneurs and investors to capitalize on the city's sports and entertainment scene, which attracts visitors from across the region. From family-friendly diners to upscale eateries, restaurants in Glendale cater to a diverse range of tastes and preferences. The city's amenities, including State Farm Stadium and Desert Diamond Arena, make it an attractive location for restaurants that can capitalize on event-driven foot traffic. Additionally, Glendale's infrastructure, including major highways and public transportation services, ensures easy accessibility for customers. With its desirable location and strong economy, Glendale is an excellent choice for restaurant investors.
Glendale's restaurant scene is just one aspect of the city's diverse commercial landscape. In addition to restaurants, investors can explore opportunities in apartment buildings, shopping centers, specialty properties, and hotels. Apartment buildings in Glendale offer a stable source of income, while shopping centers provide a platform for retailers to connect with the local community. Specialty properties, such as those in the Westgate Entertainment District, offer unique opportunities for entrepreneurs and investors. Hotels in Glendale, meanwhile, cater to the city's growing tourism industry, driven by attractions like State Farm Stadium and the Arrowhead Towne Center mall. With its diverse range of commercial properties, Glendale offers something for every type of investor. Overall, Glendale's strong economy, desirable location, and diverse commercial landscape make it an attractive destination for investors and entrepreneurs alike.
What is the average cost per square foot for a restaurant in Glendale?
As of now, there are 10 available listings of restaurants for sale in Glendale, with an average price per square foot of $1,011 USD and an average size of 6,445 square feet, making it an attractive option for entrepreneurs and investors looking to capitalize on the city's strong retail and sports sectors.
What factors determine the value of a restaurant for sale in Glendale?
When evaluating the value of a restaurant for sale in Glendale, several key factors come into play, including:
- Location, with proximity to major attractions like State Farm Stadium and the Arrowhead Towne Center mall, as well as accessibility to major highways like Loop 101 and US-60, being highly desirable;
- The restaurant's size, with an average size of 6,445 square feet, and a largest size of 16,900 square feet, impacting its capacity and potential revenue;
- Financial performance, including the average price per square foot of $1,011 USD, and an average cap rate of 5.87%, which can influence the restaurant's value and potential return on investment.
