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1/21/26
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A 12.1k sf, single-tenant retail property net-leased to Dollar Tree in Glendale, AZ traded for $3.23 mil, or $267/sf. The buyer was Teakwood Norman LLC.
Constructed in 2002, the building sits on a 1.51-acre lot at 6773 W Bell Rd, along the Bell Road retail corridor near Arrowhead Towne Center, a 1.2 msf shopping mall. The site benefits from strong traffic counts of approximately 70,233 vehicles per day at the intersection and is situated within a densely populated trade area with over 322,000 residents in a five-mile radius. The surrounding area offers convenient access to shopping, dining and entertainment, making it a prime location for retail investment in the Greater Phoenix area.
Cushman & Wakefield’s Chris Hollenbeck and Shane Carter represented the seller, WM Grace Companies, in the transaction.
"Dollar Tree’s corporate guarantee, minimal landlord responsibilities and the property’s position within a high-traffic retail corridor made this an attractive investment opportunity,” said Hollenbeck. “The sale demonstrates investor confidence in essential retail and the resilience of the Phoenix MSA retail market."
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