5723 West Glendale Avenue
Retail | 6.26% CAP | 3,843 SqFt
Marketing description
The subject property is a ±3,843 SF freestanding building constructed in 1982, occupying a hard corner parcel with frontage on both W Glendale Avenue and N 57th Drive. An adjacent ±3,250 SF parking lot brings the combined site to ±9,750 SF (±0.22 acres) across APNs 146-02-931 and 146-02-930.
The building is a fully built-out bar and restaurant, featuring a commercial kitchen, full bar, and patio seating that overlooks the Glendale Avenue corridor. The tenant, La Perla, holds a Series 6 Liquor License, and the City of Glendale PR (Pedestrian Retail) zoning supports a broad range of restaurant, bar, and retail uses.
The property benefits from the recently completed Downtown Campus Reinvestment Project — a nearly $100 million investment that delivered a fully reimagined City Hall, council chambers, and the E. Lowell Rogers Amphitheater, with historic Murphy Park preserved as the centerpiece. The project is set among more than $3 billion in surrounding private investment, reinforcing downtown Glendale as a growing destination for dining, events, and foot traffic.
Investment highlights
- Hard corner location in Historic Downtown Glendale, one of the most recognized dining and entertainment districts in the West Valley
- Home of La Perla, a Glendale dining institution dating to 1946, open and operating
- Brand new 5 year lease through January 2031 with 3% annual escalations
- Patio frontage along the Glendale Ave corridor
- PR (Pedestrian Retail) zoning supporting bar, restaurant, and retail uses
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