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Desert Palms Power Center 3721-3923 E Thomas Rd 4,714 SF of Retail Space Available in Phoenix, AZ 85018
HIGHLIGHTS
- Excellent visibility along Thomas Road
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste A7 | 4,714 SF | 3-5 Years | $26.00 /SF/YR $2.17 /SF/MO $122,564 /YR $10,214 /MO | Triple Net (NNN) |
3937 E Thomas Rd - 1st Floor - Ste A7
Property Size: 330,976 SF Available: 1,215 SF - 23,235 SF Zoning: C-2, City of Phoenix Features: Wal-Mart Super Center, Home Depot, PetsMart, Staples, Walgreens and Dollar Tree anchored power center Over 59,000 cars per day on Thomas Road Located in the heart of Phoenix with extremely dense population Close proximity to SR-51 and Loop 202 Former Restaurant space Available End Cap on Thomas Road Available
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT DESERT PALMS POWER CENTER
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Home Depot
- Retailer
- -
- -
- Mega Furniture
- Furniture/Mattress
- 14
- Regional
- Walmart
- Retailer
- -
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Home Depot | Retailer | - | - |
| Mega Furniture | Furniture/Mattress | 14 | Regional |
| Walmart | Retailer | - | - |
PROPERTY FACTS
| Total Space Available | 4,714 SF | Frontage | |
| Center Type | Power Center | Gross Leasable Area | 520,009 SF |
| Parking | 3190 Spaces | Total Land Area | 48.80 AC |
| Stores | 21 | Year Built | 1998 |
| Center Properties | 8 |
| Total Space Available | 4,714 SF |
| Center Type | Power Center |
| Parking | 3190 Spaces |
| Stores | 21 |
| Center Properties | 8 |
| Frontage | |
| Gross Leasable Area | 520,009 SF |
| Total Land Area | 48.80 AC |
| Year Built | 1998 |
ABOUT THE PROPERTY
Big box, restaurant space and shop spaces are available in the center. Anchored by Walmart, Home Depot, Walgreens, and Dollar Tree, this power center offers excellent visibility to the highly trafficked intersection of 40th Street and Thomas Road. The dense trade area houses nearly 300,000 people within 5 miles. Additionally, over 330,000 individuals are employed within the same area creating both a strong residential and daytime population.
- Dedicated Turn Lane
- Pylon Sign
- Signalized Intersection
NEARBY MAJOR RETAILERS
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Desert Palms Power Center | 3721-3923 E Thomas Rd
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