This Retail Property is Off-Market.

Alma School Road & Elliot Road
Chandler, AZ 85248 ·

57,846 SF · Retail For Sale

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Alma Elliott Square

Price N/A Cap Rate 8.76%
Gross Leasable Area 57,846 SF Occupancy 93%
Property Type Retail Tenancy Multiple
Property Sub-type Neighborhood Center Year Built 1994
Property Use Type Investment Lot Size 1 AC
Listing ID: 13770406 Date Created: 09/12/2003 Last Updated: 03/02/2004

Description

The Alma Elliott Square is a highly improved, well located, Fry's anchored shopping center in the desirable Phoenix suburb of Chandler (Fry's is not a part of the offering). The aesthetically pleasing center is home to such national retailers as Starbucks, Pizza Hut, Checker Auto, Party City and Great Clips, not to mention two of the country's largest financial institutions, Well Fargo and Washington Mutual.

Located at the intersection of Alma School Road and Elliot Road in Chandler, Arizona, the center benefits from being in the center of a great retail area. The intersection alone boasts over 450,000 square feet of retail and serves an area with one of the highest disposable incomes in all of Metro Phoenix. The 1 mile population is 20,047, the 3 mile population is 133,735. Additionally, there are 19,700 new residential lots within 3 miles. Traffic counts at this intersection are about 58,700 per day.

Highlights

  • Established grocery anchored shopping center
  • Anchored by strong, national grocer, Fry's
  • Excellent retail location featuring both strong demographics and strong traffic counts
  • Outstanding tenant lineup featuring national tenants such as Starbucks, Checker Auto and Wells Fargo
  • Attractive cap rate on quality, anchored shopping center
  • Location in market that is anticipated to achieve growth in both population and market rents

Research

Alma School Road & Elliot Road, Chandler, AZ 85248 (Maricopa County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

Chandler Market Trends - Asking price index trends, sale price trends, asking rent trends

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