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- LoopNet Team
4221-4231 S Central Ave
Phoenix, AZ 85040
Rancho Grande Center | Annual Increases · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Grocer Anchored Center | 7 Years Remaining | Rare 4% Annual Increases | Long Term Tenancy
- Low Cost Per Foot | Below Market Rents
- Dense Infill Location with Strong Demographics
- Close to Arizona State University | Top 10 Largest University in the U.S.
- Near Phoenix Sky Harbor International Airport
PROPERTY FACTS
ABOUT 4221-4231 S CENTRAL AVE , PHOENIX, AZ 85040
Rancho Grande Plaza is located near the signalized, hard corner intersection of S. Central Avenue and E. Broadway Road (42,300 combined vehicles per day) with excellent visibility and access. The asset is located just 1.5 miles south of Interstate 17 (124,300 vehicles per day) with convenient on/off ramp access, providing ease of access and great traffic flow to the subject property. The property is equipped with two large pylon signs, providing increased visibility for the tenants. The site is in close proximity to Arizona State University, which employs over 4,700 academic staff and has nearly 72,000 enrolled students, with a direct consumer base to draw from. Furthermore, Phoenix Sky Harbor International Airport is located just a few short miles from the subject property, the Arizona’s largest and busiest airport that served over 43 million passengers in 2019. The 5-mile trade area is supported by a population of more than 241,600 residents and 221,000 employees. The 5-mile area has an average household income of $64,000.
PROPERTY TAXES
| Parcel Number | 113-13-085K | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $244,334 |
PROPERTY TAXES
