Contacts
Matthews Real Estate Investment Services
Property Details
- Property Type Retail - Free Standing Bldg
- Property Size 19,924 SF
- Lot Size 1.97 Acre
- Cap Rate % 6
- Building Class C
- Year Built 1970
- Date Updated Oct 30, 2025
1. Strong Real Estate Fundamentals
Prime corner location in a high-density trade area with ~88,000 vehicles/day.
Offers excellent visibility and access to both major streets.
2. Dense and Growing Population Base
Over 518,000 residents within a 5-mile radius.
Population expected to grow 8.13% in 5 years.
Provides a stable, built-in customer base and long-term demand for retail tenants.
3. Below Market Rents
Current tenant (Grifols) pays below-market rent, offering room for future rent growth and income upside.
4. Tenant Commitment
Both tenants have been there for over a decade.
Medical use tenants—known for stability and low turnover.
Opportunity to raise rents over time as they’re currently below market rates.
5. Low Price Per Square Foot
Priced at $179.43 per sq ft, below replacement cost, giving immediate value advantage.
6. Stabilized Yet Affordable Asset
One of few stabilized assets priced under $200/sq ft.
Offers secure, income-producing potential at an attractive basis.
7. Recent Improvements
New roof (Oct 2025) and parking lot restripe (2023) — reduces near-term capital expenditures.
Reach out to the broker for more info on lease terms and amenities
Getting around
-
54/100
Walk Score ®
-
37/100
Transit Score ®
-
54/100
Bike Score ®
Location
- City Glendale, AZ
- Neighborhood Chaparral Ranch
- Zip Code 85302
- Market Phoenix
Points of Interest
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Northern/ 19th Ave
3.92 miles
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19th Ave/ Dunlap
3.97 miles
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Glendale/ 19th Ave
4.08 miles
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19th Ave/ Montebello
4.54 miles
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19th Ave/ Camelback
5.01 miles
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7th Ave/ Camelback
5.75 miles
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Central Ave/ Camelback
6.17 miles
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Campbell/ Central Ave
6.51 miles
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Indian School/ Central Ave
6.73 miles
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Osborn/ Central Ave
7.12 miles
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QuikTrip
0.06 miles
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Fry's Fuel
0.91 miles
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Chevron
0.94 miles
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Circle K
0.95 miles
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Arco
0.97 miles
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Tesla Supercharger
1.04 miles
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76
1.34 miles
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Shell
1.44 miles
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ChargePoint
3.64 miles
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Blink
3.87 miles
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Parking - Arizona Federal Credit Union
0.54 miles
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Parking - Village at Olive Marketplace
0.93 miles
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Parking - Taco Bell
1.05 miles
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Parking - 3 Minute Car Wash
1.13 miles
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Parking - Popeye's
1.15 miles
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Parking - AutoZone
1.17 miles
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Parking - 59 Evergreen
1.18 miles
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Parking - Saguaro on 59th
1.25 miles
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Parking - Disabled American Veterans
1.32 miles
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Glendale City Hall Parking Garage
1.44 miles
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Siam Thai Cuisine
0.06 miles
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Domino's
0.09 miles
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Luna Pizza
0.61 miles
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McDonald's
0.69 miles
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Golden Corral
0.80 miles
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Carl's Jr.
0.88 miles
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Subway
0.90 miles
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Sonic
0.90 miles
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Firehouse Subs
0.92 miles
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Dunkin'
0.94 miles
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Walmart Supercenter
0.73 miles
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Walmart Neighborhood Market
0.79 miles
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Ross
0.83 miles
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Fry's Food and Drug
0.85 miles
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Sargent's Market
1.29 miles
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Target
2.01 miles
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Food City
2.09 miles
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Super 99 Center
2.23 miles
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Ranch Market
2.29 miles
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Bealls
2.66 miles
Matthews Real Estate Investment Services
