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1616 E Glendale Ave
Phoenix, AZ 85020 North Phoenix

$4,074,215 USD

Freestanding For Sale  •  1,926 SF

Property Details

• Property Type Freestanding
• Total Building Size 1,926 SF
• Lot Size 0.18 AC
• Building Class B
• Year Built 1964
• Cap Rate 9.00 %
• Tenancy Single
• Zoning C-2, Phoenix

42 Transit Score

77 Walk Score

Highlights

Absolute NNN Lease – zero landlord responsibilities

±9 years remaining on primary lease term

Attractive 3% annual increases

Fully renovated in 2019

Parent company guaranty

10.16% Average Cap rate for the primary lease term

Property Flyers

Sunday Goods_Phoenix_1616 E Glendale Ave_OM

Cap Rate:

9.00 %

Major Tenants

Tenant	SF Occupied	Lease End Date
The Pharm, LLC

Amenities

• Signalized Intersection
• Air Conditioning

Public Transportation

Airport	Drive	Walk	Distance
Phoenix Sky Harbor International	16 min	-	9.8 mi
Phoenix-Mesa Gateway	48 min	-	36.6 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	8
Type:	Surface
Included in Rent:	Yes