$2,307,692
Commercial Property for Sale in Sierra Vista Arizona 85635
Sierra Vista, Arizona
Soft OfferCommercial Property for Sale in Glendale Arizona 85037
NNWC 91st Ave & Camelback Road, Glendale, Phoenix, Arizona 85037
$5,615,615
$622 / sq ft 6.75% cap rate Listed Sep 3, 2024
9,029 sqft
Building
9,029 sqft
Lot
2024
Built
1
Stories
1
Units
Class A
Class
About this property
Commercial Property for Sale in Glendale Arizona 85037 is a special purpose for sale in Phoenix, Arizona, listed at $5,615,615. Key details: year built 2024, building size 9,029 sqft, lot size 9,029 sqft, stories 1. Listed by Tim Westfall of Echo West Capital Advisors on LoopingCloud and last updated September 3, 2024.
This property is a prime investment with an Absolute NNN lease, offering zero management responsibilities—ideal for passive investors. The 9,029 square-foot school, constructed in 2024, features a brand new 15-year lease with 10% rental increases every 5 years and multiple extensions, ensuring long-term stability.
Backed by Child Development Schools, a leading daycare provider with over 260 locations, this property is part of the well-known Sunrise Preschools brand, which dominates the Phoenix MSA with 30 locations across Maricopa County. The property sits on a 1.56-acre parcel with excellent visibility to over 48,000 vehicles daily and proximity to major retail attractions like State Farm Stadium and Westgate Entertainment District.
With the U.S. childcare market growing and Maricopa County being the fastest-growing county in the country, this property is positioned to capitalize on the increasing demand for quality early education. Additionally, the area is experiencing significant residential growth, including a 395-acre master-planned community with 1,200 new homes under construction nearby, ensuring a built-in customer base.
This combination of a strong corporate tenant, a long-term lease, and a booming trade area makes this property an exceptional investment opportunity.
Key highlights
- Lease Type Absolute NNN
- Single
- Tenant Credit Corporate Guarantee
- Lease Term 15 years
Lending Opportunities
| Company | Lender type | Contact | Phone | |
|---|---|---|---|---|
| TheLoanProsTeam | Mortgage Broker | Roxanne Chung | (754) 707-5877 | |
| Money Solutions, LLC | Mortgage Broker | Jennifer A. Judice | (813) 431-5000 |
Property details
Key facts
- Year Built
- 2024
- Building Size
- 9,029 sqft
- Lot Size
- 9,029 sqft
- Stories
- 1
- Total Units
- 1
- Building Class
- Class A
- Property Status
- Normal Sale
- Building Status
- Existing
Pricing details
- Net Operating Income
- $379,054
- Financing
- Third Party Financing
- Investment Property
- Active investment property
Investment snapshot
6.75%
Cap rate
$379,054
Net operating income
$622
Price per sq ft
Acquisition options
| Option | Asking price | Cap rate | Commission | Monthly income | Ownership |
|---|---|---|---|---|---|
| Purchase Only | $5,615,615 | 6.75% | - | - | - |
Features and amenities
Prominent Tenants
- Lease Type Absolute NNN
- Single
- Tenant Credit Corporate Guarantee
- Lease Term 15 years
Highlights
- The lease is backed by Child Development Schools – an established daycare provider with 260+ locations in 11 states including Sunrise Preschools.
- Sitting comfortably on a 1.56 AC parcel, Sunrise has direct street frontage on 91st Avenue with visibility to over 48,488 vehicles per day at the intersection and with immediate proximity to the Loop 101 Freeway
Location
Address as shown by the lister.
Get directionsAbout this area - Phoenix
- Population
- 33,150
- Housing units
- 10,147
- Land area
- 8.1 sq mi
- County
- Maricopa
Neighborhood
Places shown on the map come from Google Maps and are near the property. Check details with each place before you rely on them.
Documents, links and contacts
Property documents
1 file to downloadLinks
1 linkFrequently asked questions
What is the asking price of Commercial Property for Sale in Glendale Arizona 85037?
Commercial Property for Sale in Glendale Arizona 85037 is listed at $5,615,615. That works out to about $622 per square foot. The stated cap rate is 6.75%.
Where is Commercial Property for Sale in Glendale Arizona 85037 located?
The property is in NNWC 91st Ave & Camelback Road, Glendale, Phoenix, Arizona 85037, Maricopa County.
What type of property is this?
This is a special purpose for sale in the commercial category.
How big is the property?
The building is 9,029 sqft. The lot is 9,029 sqft.
Is financing available?
The lister indicates: Third Party Financing.
Who do I contact about this listing?
Tim Westfall of Echo West Capital Advisors listed this property. Use the Request Info button to send a message or call (602) 628-6298.
When was this listing published?
It was published on September 3, 2024 and last updated on September 3, 2024.
Listing information
- Listing ID
- CL-Arizona-11667
- Published
- Sep 3, 2024
- Last updated
- Sep 3, 2024
- Views
- 395
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