BMO Harris Bank

5704 West Glenn Drive, Glendale, AZ 85301
$4,100,000
Status Sold
Price $4,100,000
Cap Rate 4.52%
NOI $185,485
Price/SF $598
Lease Type Absolute NNN
Lease Term 15 Years
Lease Start March 2015
Lease Expiration March 2030
Building Size 6,857 SF
Lot Size 26572 AC

Overview

Located at the intersection of Glenn Drive and 57th Street, this Phoenix Metropolitan Area branch features excellent visibility and accessibility with three points of ingress/egress to an 18-space parking lot and four drive-thrus. The site is also less than one-half mile from US Route 60, a major regional highway.

Located in the heart of Glendale, the local area is characterized as a pedestrian-friendly neighborhood. The immediate area contains numerous businesses and restaurants that drive foot traffic to the branch.

The property boats an extremely dense infill location. Within 5-miles of the branch there are nearly 500,000 residents.