9009 North 67th Avenue, Glendale, AZ, USA
$2,994,489 9.00% Cap 15,120 sq ft Built 2001 Representative Photo Print This Page


9009 North 67th Avenue, Glendale, AZ, USA

Price: $2,994,489
CAP Rate: 9.00%
Net Operating Income: $269,504
Square-Footage: 15,120
Lot Size: 2.18 AC
Year Built: 2001

100% Fee Simple InterestAbsolute NNN LeaseCorporate GuaranteeInvestment Grade CreditRated CreditZero Landlord Obligations

The subject offering is a fee simple interest in an absolute NNN leased Walgreens. There are approximately 3 years remaining on the initial 20 year lease, with the lease calling for zero landlord obligations. The tenant has eight 5 year options to renew. The subject property is well situated nearby Glendale Community College.

Glendale is a city in Maricopa County, Arizona, located about nine miles northwest from Downtown Phoenix. According to the 2015 census, the population of the city is 240,126. Glendale is the sports destination for all of Arizona, as Arena and NHL Coyotes continue to attract fans to new growth in the far western areas of the city. The state-of-the-art University of Phoenix Stadium in Glendale, Arizona has also hosted the Tostitos Fiesta Bowl and BCS Championship games as well as the 2015 Super Bowl.

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