Auto/Retail
Property Type
23,058 sq ft
Area Size
1990
Year Built
Pep Boys
Former Business
40
Parking Spaces
1031 Exchange Ready
Parcel ID
200-51-487B
Price
$4,200,000
Frontage Street Name
W Bell
Frontage Length
188 feet
Lot Size
1.95 acres
Zoning
C-2
Description
This 23,058 SF freestanding retail building—the former Pep Boys auto service center—on a prime 1.95-acre corner lot commands a dense suburban corridor in Glendale’s Arrowhead Towne Center submarket, just 20 miles northwest of downtown Phoenix and steps from major anchors like Walmart Supercenter, Kohl’s, and Arrowhead Stadium. Priced at $4,200,000, it delivers exceptional value-add potential with C-2 zoning flexibility for auto service, QSR, medical, or experiential retail repositioning—backed by easy dual ingress/egress, 40 dedicated parking spaces (1.73/1,000 SF), and commanding visibility along Bell Road’s 33,800 VPD artery. Constructed in 1990 and remodeled in 2005 with durable slab-on-grade bones and bayed interiors for low-CapEx tweaks, this former Pep Boys site taps Glendale’s steady 1.2% annual population growth to 282,000 residents by 2028, amid a metro retail vacancy holding firm at 5.1% through mid-2025. With Luke Air Force Base anchoring 8,000+ jobs and consumer spend surging in a demo blending affluent retirees and young professionals, fueled by the Valley’s resilient absorption and no major supply waves on the horizon.
Investment Highlights
- Military & Employment Anchor: Luke Air Force Base tops local employers with 8,000+ roles, driving consistent daytime traffic and buffering retail demand in a market where sub-6% vacancy persists through economic shifts.
- High-Visibility Traffic Play: 33,800 VPD on Bell Rd at this signalized corner, with adjacent corridor counts exceeding 60,000 combined—primed for 12-18% NOI lift via signage and quick-turn leasing.
- Suburban Growth Momentum: Glendale’s population edges up 1.2% annually to 282K by 2028, outpacing national norms and supporting 2-4% rent growth in stable West Valley nodes.
- Affluent Consumer Draw: Median incomes climb to $90K+ across trade areas, with heavy skew to owner-occupied households fueling durable spend on auto, dining, and services in a retiree-professional blend.
- Repositioning Upside: Comps at $180-200/SF yield 10-15% equity creation in 2-3 years; low-vacancy Phoenix retail (5.1% Q2 2025) favors value-add flips to credit tenants.
- Hedge Against Volatility: No flood zone exposure, NNN-friendly structure, and Boeing/Lockheed proximity ensure recession-resistant cash flow for diversified HNW portfolios.
Features
High Visibility
Redevelopment Potential
NNN Opportunity
Demographics
• The property is positioned along Bell Road, one of Glendale’s most established commercial thoroughfares in a dense retail corridor, with daily traffic counts exceeding 33,800 vehicles. This consistent exposure ensures strong visibility and steady consumer flow.
• Within a 1-mile trade area, the population base of nearly 12,000 residents is supported by over 4,500 households, anchored by established neighborhoods and community-serving retail near Arrowhead Towne Center.
• Expanding to a 3-mile radius, the trade area reaches more than 117,000 residents across 45,000 households, providing a diverse consumer base and stable demand for service, retail, and medical users.
• At the 5-mile level, the population swells to more than 328,000 residents, reflecting Glendale’s role as a key residential and employment hub within the Phoenix metroplex. Median household incomes in this area exceed $90,000, reinforcing purchasing power and tenant viability.
• Glendale itself continues to grow as one of the most dynamic suburbs in Arizona, benefiting from proximity to Phoenix, a strong military presence at Luke Air Force Base, and its identity as a sports, entertainment, and cultural destination.