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Cooper Crossing 1561 N Cooper Rd 6,680 SF 100% Leased Retail Building Gilbert, AZ 85233 $2,961,123 ($443.28/SF) 6.50% Cap Rate
Investment Highlights
- 100% occupied
- Stable tenancy with a 4.6 year WALT
- Annual rent growth across all leases
- Diverse, established tenant mix with strong long-term occupancy
- NNN leases – tenants reimburse all expenses
- Tenant commitment demonstrated through recent lease extensions, expansions, and store improvements
Executive Summary
Originally constructed in 2002, Cooper Crossing provides an established and well-performing neighborhood retail center with a weighted average lease term of approximately 4.6 years. The property features a diverse tenant mix with demonstrated long-term occupancy, supported by recent lease extensions, expansions, and tenant investments into the space. This ongoing tenant commitment underscores the center’s stability, established customer base, and continued relevance within the surrounding community.
The center is situated within a densely populated and highly desirable East Valley trade area containing more than 415,000 residents within a five-mile radius. The site benefits from close proximity to U.S. Route 60 (approximately 255,656 vehicles per day), providing strong regional connectivity and accessibility. Cooper Crossing is strategically positioned adjacent to The Shoppes at Gilbert Commons, a dominant retail destination featuring national tenants such as T.J. Maxx, Kohl’s, Ross, Five Below, and Chipotle. The surrounding area is further supported by strong demographics, with average household incomes exceeding $127,000 within a one-mile radius.
This offering represents an opportunity to acquire a stabilized Gilbert retail center with diverse tenancy, durable in-place cash flow, contractual rent growth, and strong real estate fundamentals in one of the Phoenix metro’s most sought-after submarkets.
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- A J's Pizza & Wings
- Retailer
- -
- -
- -
- -
- Ah Smoke & Vape
- Retailer
- -
- -
- -
- -
- Inversiones Grupo A C C H LLC
- Public Administration
- -
- -
- -
- -
-
- Information
- -
- $20.00
- Triple Net
- Dec 2021
Metro by T-Mobile began in 1994 as General Wireless, Inc., later became MetroPCS, and now operates as a T-Mobile US brand focused on prepaid wireless service. The company offers no-contract phone plans, device sales, and related mobile services through a consumer-facing brand built around prepaid pricing and network access. After a reverse merger with T-Mobile USA in 2013, Metro’s services were folded into T-Mobile’s network, and the brand was relaunched under the Metro by T-Mobile name in 2018. Recent company materials show a focus on value-oriented prepaid plans, unlimited 5G data, and device promotions for new customers.
- New Vision Financial Svc LLC
- Finance and Insurance
- -
- -
- -
- -
- Pure Esports, LLC
- -
- -
- $17.50
- Triple Net
- Apr 2021
- Strive Pharmacy
- -
- -
- -
- -
- Oct 2028
-
- Accommodation and Food Services
- -
- -
- -
- -
Subway began in 1965 when Fred DeLuca and Peter Buck opened a submarine sandwich shop in Connecticut with a small investment and a handshake. The company grew through franchising and developed from a local sandwich shop into a global restaurant brand serving freshly made sandwiches at a value-oriented price point. Subway’s menu centers on submarine sandwiches and wraps, with additional offerings that include salads, cookies, soft drinks, and selected pizza items at some locations. The business operates through a large franchise network and maintains a significant presence across international markets while continuing to emphasize convenient, customizable meals.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| A J's Pizza & Wings | Retailer | - | - | - | - | |
| Ah Smoke & Vape | Retailer | - | - | - | - | |
| Inversiones Grupo A C C H LLC | Public Administration | - | - | - | - | |
|
|
Information | - | $20.00 | Triple Net | Dec 2021 | |
| New Vision Financial Svc LLC | Finance and Insurance | - | - | - | - | |
| Pure Esports, LLC | - | - | $17.50 | Triple Net | Apr 2021 | |
| Strive Pharmacy | - | - | - | - | Oct 2028 | |
|
|
Accommodation and Food Services | - | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 314-01-005 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $147,226 |
Property Taxes
Presented by
Cooper Crossing | 1561 N Cooper Rd
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