Newmark Retail Capital Markets is pleased to present the opportunity to acquire Costco Plaza, a 100% leased retail center. This 101,864 square foot Costco shadow anchored center is home to eleven tenants in Tempe, Arizona.
Costco Plaza is less than half a mile east of the I-10 freeway, connecting the property to Downtown Phoenix. With frontage on both Elliot and Priest Roads, the property is exposed to over 65,000 vehicles on a daily basis. This shopping center is adjacent to dense residential neighborhoods on a dominant retail oriented intersection with tenants including Walmart Supercenter, Floor and Decor, and AutoZone. Costco Plaza is situated 10 minutes south of Phoenix Sky Harbor International Airport. This fully leased center offers an investor the rare opportunity to acquire a stable asset in a growing part of Tempe, Arizona.