Single Tenant Business for sale in glendale, AZ
Golden Corral – Glendale, AZ
Offer Price
$5,195,000
Single tenant
About this property
Golden Corral – Glendale, AZ
Golden Corral has 9 years remaining on initial 20-Year Absolute NNN Lease with attractive 1.75% rental increases annually. The Tenant, AZ Z Corral, LLC owns & operates 3 Golden Corral locations. Golden Corral is Successfully open & operating since 2015 and Rent-to-Sales Ratio is less than 2%!
The Asset is Situated on a large ±2.46-acre lot – pad site to a Lowe’s Home Improvement & Walmart Anchored Shopping Center with exceptional visibility & access along Northern Avenue with traffic counts of 29,450 CPD! Pad site to a Walmart & Lowe’s Home Improvement Shopping Center; major retailers nearby includes Ross Dress for Less, PetSmart; 6 miles from Cabela’s, Tanger Outlets Phoenix (a 410,734 SF outlet center with key tenants such as Saks OFF 5TH, H&M, Gap Outlet, Coach, Polo Ralph Lauren, Michael Kors, Columbia Factory Outlet, and Under Armour. It is 6 miles from State Farm Stadium – (home of the Arizona Cardinals) is an iconic, multi-purpose stadium, encompassing over 1.7 million square feet of space with a seating capacity of 63,400; 6 miles from Westgate Entertainment District – a mixed-use development and is anchored by Desert Diamond Arena with key tenants such as AMC Theatres, Dave & Busters, and Chicken N Pickle. Golden Corral is 1.5 miles from Glendale Community College – a community college offering more than 100 degree & certificate programs with 15,039 students; Less than 5 miles from Banner Thunderbird Medical Center – an acute-care hospital providing healthcare services to residents in Glendale with 555 patient beds
JESSICA GIBSON
Owner | Designated Broker
LIC# BR509621000
[email protected]
Property Highlights
ABSOLUTE NNN LEASE: 9 years remaining on initial 20-Year Absolute NNN Lease with attractive 1.75% rental increases annually
2025 DEMOGRAPHICS: Total Population (5MI): 499,601 | Average Household Income (1MI): $88,974
EXTREMELY HIGH SALES LOCATION: Successfully open & operating since 2015 and Rent-to-Sales Ratio is less than 2%!
TENANT: AZ Z Corral, LLC owns & operates 3 Golden Corral locations
LARGE PARCEL | TRAFFIC COUNTS: Situated on a large ±2.46-acre lot – pad site to a Lowe’s Home Improvement & Walmart Anchored Shopping Center with exceptional visibility & access along Northern Avenue with traffic counts of 29,450 CPD!/li>
ADDITIONAL UPSIDE: Tenant is only leasing 1.20 acres of the total parcel size. The remainder could be leased to an additional tenant in the future./li>
Year built: 2005
CAP rate: 6.50%
Tenant: AZ Z Corral, LLC
Lease type: Absolute NNN
Property Details
Location
Business Details
Pricing Details
Listing Information
This listing is published by an independent lister. Antela does not act as a real estate broker, does not verify ownership, and does not guarantee the accuracy of listing information. Buyers and tenants should conduct their own independent due diligence before entering into any transaction.
This listing is published by an independent lister. Antela does not act as a real estate broker, does not verify ownership, and does not guarantee the accuracy of listing information. Buyers and tenants should conduct their own independent due diligence before entering into any transaction.