Filiberto's Drive-Thru Two-Tenant — Sale in Glendale, AZ

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Glendale, AZ 85308
  • Year built: 1994

Photos

Filiberto's Drive-Thru Two-Tenant — Sale in Glendale, AZ, photo 1 of 6
Filiberto's Drive-Thru Two-Tenant — Sale in Glendale, AZ, photo 2 of 6
Filiberto's Drive-Thru Two-Tenant — Sale in Glendale, AZ, photo 3 of 6
Filiberto's Drive-Thru Two-Tenant — Sale in Glendale, AZ, photo 4 of 6
Filiberto's Drive-Thru Two-Tenant — Sale in Glendale, AZ, photo 5 of 6
Filiberto's Drive-Thru Two-Tenant — Sale in Glendale, AZ, photo 6 of 6

Investment Figures

Cap rate
6.50%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present for sale Filiberto's Drive-Thru Two Tenant in Glendale, Arizona. Filiberto’s is a popular 24-hour Mexican takeout restaurant, first introduced to Arizona in 1993. The city of Glendale is the sports destination for all of Arizona. Located about 9 miles northwest of Downtown Phoenix, Glendale is home to top shopping and dining districts, the largest Air Force Training base in the world, Midwestern University (metropolitan Phoenix’s first medical school) and a major postgraduate international business school: the Thunderbird School of Global Management. The city's estimated 2020 population was just under 250,000. Investment Highlights: • 100 Percent Leased to Two Tenants - Both Triple-Net Leases with Rent Increases and Renewal Options • Below Market Drive-Thru Rent • Filiberto's is an Established Regional QSR Chain with 130 Plus Locations in Arizona, California, and New Mexico • Densely-Populated Glendale Trade Area in the Phoenix MSA - 340,897 Residents within a Five-Mile Radius • Excellent Frontage and Accessibility Along Bell Road, a Major East-West Arterial, with Approximately 75,000 Cars per Day at the Intersection of Bell Road and 59th Avenue • Busy Retail Corridor Location Surrounded by National Tenants: The Home Depot, Fry's, Walmart Supercenter, Kohl's, and More • Close Proximity to Arrowhead Towne Center, a Premier Shopping Destination for Phoenix's West Valley with Over 180 Stores and Restaurants • Average Household Income Exceeds $113,000 within Three Miles of the Subject Property

Market Context

This retail in Glendale, AZ is listed for sale. It is offered at an approximate 6.5% capitalization rate, a key benchmark for income-producing retail assets. The building dates to 1994. Compare it against other retail listings for sale in Glendale, AZ — view the full market.

Contact

Explore this market

Similar Retail Business for Sale in Glendale, AZ