9865 Northern Ave, Glendale, AZ 85305
5,897 SF Specialty Building Offered at $5,920,000 at a 6.50% Cap Rate in Glendale, AZ 85305
For Sale
Active
2 pictures
Asking Price $5,920,000
- Property Type
-
Specialty
- Square Feet
- 5,897 SF
- Price / Square Foot
- $1,004
Listing Contacts
Brian Brockman
Peter Deltondo
Andre Thompson
Brian Hosey
- Property Info
Property Overview
Bang Realty and Marcus & Millichap are pleased to present the exclusive listing for a Cobblestone Car Wash, located at 9865 W Northern Ave in Glendale, AZ. The site consists of roughly 5,897 total rentable square feet of building space on an estimated total of 1.36-acres of land. This Cobblestone Car Wash is subject to a 20-year absolute triple-net (NNN) lease, which will commence at the close of escrow. The annual rent is $384,800 and is scheduled to increase by 1.50% annually throughout the base term and in each of the 4, 5-year renewal options.
Property Details
- Year Built
- 2023
- Stories
- 1
- Property Subtype
- Car Wash
- Lot Size (sq. ft)
- 59,242 SF
Highlights
- Bang Realty and Marcus & Millichap are pleased to present the exclusive listing for a Cobblestone Car Wash, located at 9865 W Northern Ave in Glendale
- Corporate Guaranty from Cobblestone HoldCo LLC | 80+ Unit Guaranty
- 1.50% Annual Rental Increases
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