Shops C-D | 91st & Cardinals Way | Glendale, AZ
Shops C-D @ 91st & Cardinals Way
Marketing description
91st & Cardinals Way Shops C-D is a ±9,465 square foot, fully leased multi-tenant retail center. The asset generates an NOI of $450,790 and is offered at $8,590,000, representing a 5.25% cap rate.
Located at the highly trafficked intersection of 91st Avenue and Cardinals Way in the heart of Glendale's premier sports and entertainment district, this retail opportunity is strategically positioned within one of the most dynamic trade areas in the Southwest. Surrounded by major regional attractions including State Farm Stadium, Desert Diamond Arena, and Westgate Entertainment District, the property benefits from exceptional visibility, strong consumer traffic, and year-round activity driven by professional sports, concerts, tourism, and large-scale events. The area attracts millions of visitors annually and serves as a major destination for both local residents and out-of-state travelers. The site offers outstanding accessibility with immediate proximity to Loop 101 and Interstate10, exposing the property to substantial daily traffic counts and seamless regional connectivity throughout the Phoenix metropolitan area. Positioned within a rapidly growing trade area supported by strong residential expansion, hospitality demand, and a significant daytime employment base, the property is ideally situated to capture consistent consumer spending from visitors, employees, and nearby households alike. Surrounding national retailers, entertainment venues, hotels, restaurants, and experiential concepts create a powerful synergy that drives sustained foot traffic throughout the day and evening. With its irreplaceable location in Glendale's dominant entertainment corridor, strong market fundamentals, and continued growth surrounding the West Valley, the property represents a rare opportunity to invest in one of Arizona's most active and high-profile retail destinations.
Situated approximately nine miles northwest of downtown Phoenix, the City of Glendale is one of Arizona’s most dynamic and fast-growing communities. As the 6th largest city in the state, with a population surpassing 258,000 residents, Glendale offers an exceptional blend of urban energy and neighborhood character. From historic districts like Sahuaro Ranch Park, one of the Valley’s oldest and most celebrated ranches, to modern master-planned developments along the Loop 101 and 303 corridors, the city provides a diverse range of residential and commercial opportunities that continue to attract new residents and businesses at a remarkable pace. Glendale is also home to Luke Air Force Base, the largest Air Force pilot training base in the world, as well as Midwestern University, metropolitan Phoenix’s first medical school, and the Thunderbird School of Global Management, a prestigious international postgraduate business institution.
Glendale is widely recognized as one of the premier sports and entertainment destinations in the American Southwest. State Farm Stadium, home of the Arizona Cardinals, has hosted multiple Super Bowls and remains one of the most iconic venues in the NFL. Desert Diamond Arena complements the city’s world-class sports infrastructure by serving as a major concert and events venue, hosting hundreds of performances throughout the year. Together, these venues anchor a nationally recognized sports and entertainment corridor that draws millions of visitors annually and has established Glendale as a true destination city on the national stage.
At the heart of this corridor is Westgate Entertainment District, one of the largest mixed-use urban developments in North America. Westgate delivers a vibrant outdoor experience featuring unique water features, an eclectic mix of restaurants, retail shops, entertainment venues, hotels, residential space, and office uses all within walking distance of one another. The district is consistently ranked as Arizona’s premier entertainment destination and serves as a major economic and cultural engine for the entire West Valley region. Adding to the area’s appeal, the Desert Diamond Casino West Valley provides additional dining, entertainment, and hospitality options for both visitors and residents alike.
Glendale’s momentum shows no signs of slowing. The city currently ranks 5th nationally in jobs-per-resident ratio among comparable cities and has seen unprecedented commercial and residential development along its major corridors in recent years. Over a billion dollars in world-class experiential retail is currently under construction, with more than half a billion dollars in additional investment anticipated in the near term. The VAI Resort, a landmark 60-acre destination featuring over 1,200 luxury hotel suites, a 360-degree concert stage, 13 fine dining concepts, and a Caribbean-inspired aquatic environment, represents the scale and vision driving Glendale’s next chapter as one of the most compelling live-workplay destinations in the Southwest.
Investment highlights
- Attractive in-place Returns: The offering is priced at $8,590,000 with a current cap rate of 5.25% and a Net Operating Income of $450,790, delivering a compelling risk-adjusted return profile in one of the fastest-growing markets in the United States.
- Competitive Price Per Square Foot: At 9,465 total rentable square feet, the property offers investors an efficient and attractively priced asset at approximately $908 per square foot, well-supported by the surrounding density of retail, hospitality, entertainment, and residential demand drivers in the immediate trade area.
- Prime Location in a High-growth Entertainment Corridor: The property is strategically located in Glendale, Arizona, adjacent to State Farm Stadium, Westgate Entertainment District, and Desert Diamond Arena, placing it at the center of one of the most visited sports and entertainment destinations in the American Southwest, drawing millions of visitors annually.
- Exceptional Market Fundamentals: Glendale ranks 5th nationally in jobs-per-resident ratio and is home to over a billion dollars in experiential retail currently under construction, reflecting a robust and expanding economic base that continues to attract businesses, residents, and investors to the region.
- Brand-new Construction: The property is a newly constructed asset, offering investors the significant benefits of reduced near-term capital expenditure, modern construction standards, and long-term structural durability with minimal deferred maintenance concerns.
- 100% Occupancy With Diverse Tenant Mix: The property is fully leased with a complementary mix of established regional and national tenants across food and beverage, service, retail, and health and wellness, providing immediate, stable cash flow from day one of ownership.
- Cross streets: 91st Ave & Cardinals Way
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