Shops on Thomas Retail FOR SALE


Phoenix, AZ - East Phoenix
$3,500,000 USD
602-687-6762
, Phoenix, AZ for Sale
$3,500,000 USD
Retail - FOR SALE
1/3
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Shops on Thomas
Phoenix, AZ
East Phoenix


HIGHLIGHTS

  • Additional 0.43 AC Land in the back of the strip center
  • Immediate value-add upside
  • The center benefits from 46,000+ VPD, ensuring high visibility and strong daily traffic.

OVERVIEW

This value add strip mall property is positioned in a high traffic retail corridor with frontage on Thomas Road carrying approximately 40,834 vehicles per day and sits directly across from 320 new multifamily units coming online. The center is 86% occupied with 2 vacant suites and features below market rents averaging approximately $8.00 per square foot in a market achieving closer to $18.00 per square foot, creating meaningful near term upside through lease up and re pricing. Just down the road is a dominant neighborhood retail center anchored by a Walmart in the 13th percentile and a Home Depot in the 5th percentile for visitation according to Placer.ai. Combined with limited nearby retail supply, this high traffic setting supports durable tenant demand and immediate upside.

ASK ABOUT THIS PROPERTY

Omar RasconMarcus & MillichapMore Info
602-687-6762

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Omar RasconMarcus & MillichapMore Info
602-687-6762

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.