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Off Market
1/8

1025 W Ocotillo Rd
Chandler, AZ 85248


HIGHLIGHTS

  • Brand New Construction | Corporate Guaranteed Leases | Scheduled Rental Increases
  • NNN Leases | Fee Simple Ownership | Minimal Landlord Responsibilities
  • Pad to Luxury Fitness Anchored Shopping Center | Nearby National/Credit Tenants
  • Intel Ocotillo Campus (700+ Acres) | Major Employers
  • Signalized, Hard Corner Intersection | Excellent Visibility & Access | Echelon at Ocotillo (181 Homes)
  • Extensive Growth | Strong Demographics In Trade Area

OVERVIEW

Shops at Ocotillo is located at the signalized, hard corner intersection of Ocotillo Road and Alma School Road (46,200 combined VPD) with excellent visibility along both cross-streets. The site is located within a center anchored by the Ocotillo Village Health Club & Spa, a 82,000 SF luxury fitness facility. The asset is also less than 2 miles away from the Fulton Ranch Towne Center, a 350,000 SF shopping mall anchored by national retailers such as Lowe’s, Petco, and Ross Dress for Less. Other national/credit retailers in the trade area include The Home Depot, Target, Fry’s Food and Drug, Stein Mart, and Sprouts. The subject property is located 1 mile away from Intel’s Ocotillo Campus. Intel recently announced its plans to invest an additional $7B to complete plans for the Fab 42 factory it had launched in 2011. Intel is the largest employer in Chandler with more than 10,000 employees across two campuses. The company recently received approval for a $600M tax-exempt bond for its planned improvements. For more information on the Intel Ocotillo Campus, please visit: https://www.bizjournals.com. Chandler is an affluent suburb of Phoenix, AZ and has experienced extensive growth in recent years. Specifically, the subject 1-mile trade area has seen nearly 30% growth in population since 2010, and is projected to see an additional 13% over the next five years. Residents within the 1-mile trade area boast an extremely affluent average household income of nearly $150,000. The subject 5-mile trade area is supported by nearly 176,000 residents and more than 60,000 employees.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

Heartland Dental Pad | 2019 Construction

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

5947

STORIES

1

YEAR BUILT

2019

SPRINKLERS

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PARKING SPACES

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LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

303-39-982