2023 NEW CONSTRUCTION | MULTI-TENANT SHOPS | PHOENIX MSA

6911 N 75th Ave Glendale, AZ 85303

Glendale
FOR SALE NNN Property
Property Type:
Strip Center
Amount:
$4,954,000
Cap Rate:
6.25%
Last Verified:
Jan 24, 2024

REPLACEABLE RENT: Below market rents allow for great long-term investment and re-leasing opportunity at the end of the term. EXCELLENT VISIBILITY: Features direct frontage on the signalized hard corner of 75th and Glendale Ave and offers excellent ingress and egress. ROBUST DEMOGRAPHICS: The site sits in the middle of a dense populous area with over 450,00 residents in a 5-mile radius with an average household income of over $88,000. WESTGATE ENTERTAINMENT DISTRICT: Home of the Arizona Cardinals, Westgate brings in immense traffic to the area. Some of the main attractions are Top Golf, Tanger Outlets, Gila River Arena, Cabela’s, and many others.

Additional URLs

Map of 6911 N 75th Ave, Glendale, AZ, 85303

Presented by:
Simon Commercial Real Estate

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Peter LeBlanc


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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.