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34297589
34297583

5679 West Northern Avenue, Glendale, AZ 85301 For Sale

JZ
AZ BR509621000
Commercial Investment Advisors (CIA) Texas
Listed by Commercial Investment Advisors (CIA) Texas
$5,195,000
14 days on market
Updated 3 days ago
Opportunity zone

GOLDEN CORRAL - GLENDALE, AZ

Details
Property Type Retail
Sub Type Bank, QSR/Fast Food (+1)
Square Footage 12,103
Units 1
Cap Rate 6.25%
NOI $337,675
Occupancy 100%
Tenancy Single
Brand/Tenant Golden Corral
Lease Type Absolute NNN
Lease Expiration 02/28/2035
Rent Bumps Yes
Year Built 2005
Buildings 1
Stories 1
Acreage 2.460
Zoning C
Investment Type Net Lease
Ground Lease No
Ownership Fee Simple

Retail | 6.50% CAP | 12,103 SqFt

Marketing description

Golden Corral is an American all-you-can-eat buffet and grill chain delivering a legendary, endless buffet for breakfast, lunch & dinner. Enjoy everything from homestyle comfort favorites & signature sirloin steaks to exciting seasonal specialties - there's always something new to discover.

This property is a pad site to a Walmart & Lowe's Home Improvement Shopping Center with exceptional visibility & access along Northern Avenue with traffic counts of 29,450 CPD. Major retailers nearby include Ross Dress for Less, PetSmart, and the property is 6 miles from Cabela's and Tanger Outlets Phoenix.

The property is located in the Phoenix MSA, approximately 11 miles northwest of Downtown Phoenix in Glendale, Arizona. Glendale is home to State Farm Stadium, home of the NFL's Arizona Cardinals, and Luke Air Force Base, the training home for new F-35 pilots.

Investment highlights

Prime Phoenix MSA Location

  • Located in the heart of Glendale, Arizona, one of the strongest and fastest-growing submarkets within the Phoenix MSA.
  • Excellent visibility along West Northern Avenue with convenient ingress and egress.
  • Dense surrounding residential population with established neighborhoods supporting consistent customer traffic.

High-Performing Golden Corral

  • Operating Golden Corral restaurant with a long-standing operating history.
  • Extremely high sales volume location within the Phoenix metropolitan area.
  • Nationally recognized restaurant brand with proven customer loyalty.

Long-Term Investment Opportunity

  • Opportunity to acquire an established restaurant in one of Arizona's strongest retail corridors.
  • Proven location with exceptional consumer recognition.
  • Attractive investment for 1031 exchange buyers seeking stable restaurant real estate.

Listing Contacts

JZ
AZ BR509621000
Commercial Investment Advisors (CIA) Texas
Listed by Commercial Investment Advisors (CIA) Texas

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$337,675.00
$28,139.58/mo

Valuation Metrics

0
DSCR
6.5%
Cap Rate
6.5%
ROI

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