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34567379
34567381

1940 W Glendale Avenue, Phoenix, AZ 85021 For Sale

JE
AZ AZ SA686454000
Lee & Associates - Arizona
SB
AZ BR517936000
Lee & Associates - Arizona
Listed by Lee & Associates - Arizona
$2,933,000
0 days on market
Updated 0 days ago
Opportunity zone

Owner/User with Income | Hard Corner Retail

Details
APN 157-17-039L
Property Type Retail
Sub Type Grocery Store, Pharmacy/Drug (+1)
Square Footage 13,969
Units 1
Occupancy 36%
Tenancy Multi
Brand/Tenant Banner Urgent Care
Lease Type Absolute NNN
Lease Expiration 05/31/2029
Remaining Term 2.9
Rent Bumps Yes
Price per SqFt $210
Class B
Year Built 2008
Buildings 1
Acreage 1.440
Zoning C-3, City of Phoenix
Investment Type Owner/User
Tenant Credit Credit Rated
Ground Lease No
Sale Condition N/A

Retail | 13,969 SqFt

Marketing description

Lee & Associates is pleased to present an income producing owner/user or redevelopment play — two freestanding retail buildings totaling ±20,664 SF on a signalized hard corner in established West Phoenix. Built in 2008 on ±1.95 acres with ±432 feet of frontage along Glendale and 19th Avenues, the property combines modern construction, strong visibility, and flexible C-3 zoning in a dense infill location.

Consisting of a ±13,969 SF building at 1940 W Glendale Avenue and a ±6,695 SF building at 7080 N 19th Avenue. Both sit on separate parcels and are offered individually or combined. The larger building carries in-place absolute-NNN income from Urgent Care Extra, while the balance of the property delivers vacant, offering flexibility to occupy, lease, or reconfigure.

Investment highlights

  • INCOME IN PLACE — Absolute-NNN income from Urgent Care Extra in the larger building, with no landlord maintenance obligation.
  • TWO BUILDINGS - BUY ONE OR BOTH — ±20,664 SF across two separately parceled buildings (±13,969 SF and ±6,695 SF), offered individually or as a combined corner.
  • NEWER CONSTRUCTION — Built in 2008, both buildings offer modern improvements and infrastructure that are increasingly scarce in this established infill corridor.
  • SIGNALIZED HARD CORNER — Two freestanding buildings command a signalized hard corner at Glendale & 19th Avenues, with ±432' of combined arterial frontage and monument signage.
  • HIGH TRAFFIC AND VISIBILITY — ±72,414 combined vehicles per day at the intersection, with strong exposure along two of West Phoenix's primary arterials.
  • AMPLE PARKING — ±82 surface parking spaces across the ±1.95-acre site
  • FLEXIBLE C-3 ZONING — City of Phoenix C-3 zoning accommodates a wide range of retail, medical, restaurant, and service uses, and supports single- or multi-tenant configurations.
  • ESTABLISHED INFILL TRADE AREA — 203,866 residents within 3 miles and a 508,656 daytime population within 5 miles, with direct access to Interstate 17 (Black Canyon Freeway).

Listing Contacts

JE
AZ AZ SA686454000
Lee & Associates - Arizona
SB
AZ BR517936000
Lee & Associates - Arizona
Listed by Lee & Associates - Arizona

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Additional Information

Name
John Esslinger
License
AZ SA686454000
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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