What is the asking price for 3502 W Glendale Ave?

The lease rate for space here is Contact for pricing.

What is the total size of 3502 W Glendale Ave?

The property has a total square footage of 1,797 SF.

When was this property built?

3502 W Glendale Ave was built in 2021.

How many parking spaces are available at 3502 W Glendale Ave?

Parking information for the property isn't currently listed. However, other nearby parking options include Grove Parking Garage, located 1.60 miles away , and Halo Parking Garage, which is 1.73 miles away.

3502 W Glendale Ave, Phoenix, AZ 85051

For Sale $2,980,000
Property Type Retail - Restaurant
Property Size 1,797 SF
Lot Size 22,651 SF
Cap Rate % 5.05
Year Built 2021
Date Updated Mar 24, 2026

Description

Investment-grade tenant | world’s largest coffeehouse chain: Lease guaranteed by Starbucks corporation (Nasdaq: SBUX), the global leader in specialty coffee with 40,000+ locations across 80+ countries. Backed by approximately $36.2 billion in annual revenue and over 361,000 employees, Starbucks represents a dominant brand and a premier net-leased investment Opportunity.
Long-term tenancy with renewal upside: Current lease provides 5 years of remaining term and four (4) additional 5-year options, producing $150,500 in annual base rent with future rental growth potential. Starbucks’ long-term occupancy delivers stable, predictable cash flow.
Passive NN lease | minimal landlord responsibilities: Double net (NN) structure with the landlord responsible only for structural components, offering a truly passive investment.
High-traffic intersection in dense infill Trade area: Positioned at a signalized intersection serving two major shopping centers that draw over 1.5 million annual visitors. Surrounded by a dense population exceeding 526,000 residents within five miles, with nearby employment centers and schools supporting all-day demand.
Proximity to major destinations: Conveniently located one mile west of i-17 and two miles north of Grand Canyon university (25,000+ students), further driving consistent daily traffic to the site.
Strong location with national Co-tenancy: Situated within a busy neighborhood shopping center anchored by food city (#3 in phoenix), dollar tree, five below, and Wells Fargo, ensuring steady daily Traffic and a strong retail draw.
Land Area: ±22,651 SF (±0.52 Acres)
Cross Streets: Glendale Ave & 35th Ave