5724 W Bell Rd
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5724 W Bell Rd
998 SF 4-Star Retail Building Glendale, AZ 85308 $3,511,700 CAD ($3,519 CAD/SF) 5% Cap Rate
Investment Highlights
- Absolute NNN Lease
- 2021 construction
- 10% rent increases every 5 years
Executive Summary
Absolute NNN investment opportunity with no landlord responsibilities. Tenant is one of the largest Dutch Bros franchise owners in the nation. 15 year lease with four 5-year options. Rent increases 10% every 5 years which is above standard compared to other Dutch Bros locations. Newer construction built in 2021.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
998 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2021
Price
$3,511,700 CAD
Price Per SF
$3,519 CAD
Cap Rate
5%
NOI
$175,484 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Land Acres
0.99 AC
Zoning
C-C - Commercial
Amenities
- Signage
Walk Score ®
Very Walkable (71)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 200-49-585C | Improvements Assessment | $0 CAD |
Land Assessment | $0 CAD | Total Assessment | $147,301 CAD |
PROPERTY TAXES
Parcel Number
200-49-585C
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$147,301 CAD
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5724 W Bell Rd
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