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4240 W Bell RdGlendale, AZ 85308
Bell Park Plaza
Asset ClassRetail
Deal Size$9.5 M
Retail SF: 33,480Cap Rate: 7%Occupancy: 100%Access Data Room
Average Rent $20.07 Per Square Foot Only Two Fixed Rate Options
overview of deal

Overview

Price/SF: $297

Gross Leaseable Area: 33,480 SF

Cap Rate: 7.00%

NOI (Year 1): $671,784

Current Occupancy: 100%

Access the Data Room

Investment Highlights

LONG-TENURED TENANT ROSTER WITH PROVEN OCCUPANCY STABILITY

Extended tenant occupancy history indicates consistent unit-level performance and strong customer demand in this established Glendale corridor.

 

DIVERSIFIED DAILY-NEEDS TENANT BASE ACROSS MEDICAL, FOOD, BEAUTY & ESSENTIAL SERVICES

Fourteen tenants operate across urgent care, dental, QSR, salon, insurance, specialty retail, and personal services.

 

HIGH-DEMAND INLINE FORMAT WITH A 2,391 SF AVERAGE SUITE SIZE

Other than Hobby Bench, suite sizes range from 1,200 to 3,600 square feet, fitting the most easily re-tenantable category in neighborhood retail.

 

NEARLY 80% OF THE RENT ROLL FEATURES EMBEDDED RENTAL GROWTH

Eleven of fourteen tenants have scheduled rent escalations, producing predictable NOI growth.

 

NEAR-TERM LEASE ROLLOVER PROVIDES CLEAR MARK-TO-MARKET OPPORTUNITY

Multiple expirations occur between 2026 and 2028, with most tenants having FMV-based renewals or no options remaining.

 

DIVERSIFIED INCOME STREAM WITH NO TENANT CONTROLLING NOI

Fourteen tenants contribute to the revenue base, minimizing exposure to any single operator.

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4240 W Bell RdGlendale, AZ 85308
Phoenix Deer Valley Airport
Phoenix Sky Harbor International Airport
State Farm Stadium
Arizona State University

Sales Team

Drew IsaacSenior Managing Director Investments(303) 328-2048drew.isaac@marcusmillichap.com
Mark RubleExecutive Managing Director(602) 687-6766mruble@mmreis.com
Ryan SarbinoffBroker of Record

License #: BR675146000

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