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5723 West Glendale Avenue
Glendale, AZ 85301
Asking Price
$1.70M
Cap Rate
6.26%
Asset Type
Restaurant Retail
Class
Class B
What's Special
Retail | 6.26% CAP | 3,843 SqFt <ul><li>Hard corner location in Historic Downtown Glendale, one of the most recognized dining and entertainment districts in the West Valley</li><li>Home of La Perla, a Glendale dining institution dating to 1946, open and operating</li><li>Brand new 5 year lease through January 2031 with 3% annual escalations</li><li>Patio frontage along the Glendale Ave corridor</li><li>PR (Pedestrian Retail) zoning supporting bar, restaurant, and retail uses</li></ul>
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NOI
$80,000
Cap Rate
4.71%
DSCR
0.79
Underwater
Cash-on-Cash
-4.10%
Monthly Payment
$8,410.672
Annual Cash Flow
$-20,928.069
