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Ahwatukee Mercado 4747 E Elliot Rd 1,045 - 12,054 SF of Retail Space Available in Phoenix, AZ 85044
HIGHLIGHTS
- Prominent 23-store Phoenix shopping center anchored by a heavily trafficked Safeway and surrounded by multiple national tenants.
- Positioned within a dense and well-established neighborhood serving over 100,000 people within a 3-mile radius.
- Easily accessible location at the intersection of 48th Street and Elliot Road, just a half-mile from the full diamond interchange at Interstate 10.
- Ahwatukee Mercado Shopping Center offers multiple turnkey suites with varying sizes and build-outs to meet the demands of a wide array of tenants.
SPACE AVAILABILITY (5)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 114 | 1,090 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 1st Floor, Ste 127 | 2,616 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) | ||
| 1st Floor, Ste 132 | 1,544 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 1st Floor, Ste 134 | 1,045 SF | 3-10 Years | Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 1st Floor, Ste 15A | 4,669-5,759 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
4747 E Elliot Rd - 1st Floor - Ste 114
Suite 114 is 1,090 square feet of contiguous space, suitable for potential expansion.
- Located in-line with other retail
- Space is in Excellent Condition
- In-Line Retail Shell Space
4747 E Elliot Rd - 1st Floor - Ste 127
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Space is in Excellent Condition
4747 E Elliot Rd - 1st Floor - Ste 132
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Space is in Excellent Condition
4747 E Elliot Rd - 1st Floor - Ste 134
- Located in-line with other retail
4747 E Elliot Rd - 1st Floor - Ste 15A
Suite 15A is a 4,669-square-foot suite with a full salon build-out.
- Fully Built-Out as Specialty Space
- Space is in Excellent Condition
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.
MATTERPORT 3D TOUR
3D Exterior
TENANTS AT AHWATUKEE MERCADO
- TENANT
- DESCRIPTION
- SIZE
- MOVE DATE
- US LOCATIONS
- REACH
- Safeway
- Supermarket
- 40,375 SF
- -
- 1,272
- National
Safeway is a major American supermarket chain founded in 1915 by Marion Barton Skaggs in American Falls, Idaho. The company grew rapidly through mergers and innovations such as nutritional labeling and “sell by” dates. Safeway operates as a subsidiary of Albertsons Companies, one of the largest food and drug retailers in the United States. Today, Safeway provides a wide range of products including fresh produce, bakery, deli, meat, seafood, floral arrangements, and pharmacy services. The Bethesda store at Sangamore Road is part of The Shops at Sumner Place and offers in-store shopping, online ordering, and delivery options. Safeway is privately held under Albertsons and trades publicly through its parent company under ticker ACI.
- L'mage Salon Studios
- Salon/Barber/Spa
- 4,669 SF
- 01/2016
- 9
- Local
L'mage Salon Studios provides Premium, individual spaces enabling salon professionals to successfully own and operate their own businesses. Set in an elegant atmosphere, L'mage offers the ability to own your own business and control your work environment without the large capital requirement and associated risk of opening a traditional salon. Currently there are Seven L'mage locations in the cities of Gilbert, Chandler, Tempe and Phoenix. Enjoy the freedom and flexibility of creating your own work environment by securing your space today.
- Sakura Sushi
- Restaurant
- 4,613 SF
- 01/2018
- 1
- Local
Sakura Sushi is a privately held Japanese restaurant located in Phoenix, Arizona, specializing in sushi and traditional Japanese dishes. Established in 2012, the restaurant offers an all-you-can-eat model with made-to-order sushi and cooked fare. Known for its casual dining atmosphere, Sakura Sushi provides dine-in, takeout, and delivery services. The menu features a variety of sushi rolls, nigiri, and Japanese entrees, catering to diverse dietary preferences. The company operates as an independent entity with no publicly traded parent organization. Sakura Sushi has become a popular destination for locals seeking affordable and fresh sushi in a relaxed setting.
- Chase Bank
- Bank
- 4,262 SF
- 07/2020
- 7,623
- National
Chase Bank, officially JPMorgan Chase Bank, N.A., is the consumer and commercial banking subsidiary of JPMorgan Chase & Co., the largest bank in the United States by assets. Its origins trace back to The Manhattan Company, founded in 1799, and Chase National Bank, established in 1877. The two merged in 1955 to form Chase Manhattan Bank, which later combined with J.P. Morgan & Co. in 2000 to create JPMorgan Chase & Co. Today, Chase provides a wide range of financial services, including retail banking, credit cards, mortgages, auto loans, and business banking. Headquartered at 270 Park Avenue in New York City, JPMorgan Chase operates globally and trades publicly on the NYSE under the ticker symbol JPM. The company employs over 317,000 people and manages assets exceeding $4 trillion. [en.wikipedia.org], [en.wikipedia.org], [bing.com]
- Subway
- Sub Sandwich
- 3,948 SF
- -
- 28,950
- International
Subway® is simply the better choice for freshly made, convenient, and affordable food. For a reason, they are one of the world’s largest restaurant brands, serving up a crave-able menu with better options to their millions of fans, every day. Whether it’s their bread baked fresh daily, new flavorful signature subs or their classic fan favorites made fresh to order, Subway® delivers a quality, delicious meal that people can feel good about. The Subway® story began in 1965 when Fred DeLuca asked his family friend, Dr. Peter Buck, a nuclear physicist, for advice on how to pay his college tuition. With an idea to open a submarine sandwich shop and an initial investment from Dr. Buck, the two formed a business partnership that would ultimately change the landscape of the quick-service restaurant industry.
- Starbucks
- Coffee
- -
- 04/2020
- 19,206
- International
Starbucks is a multinational coffeehouse chain founded in 1971 in Seattle, Washington. Initially a retailer of coffee beans and equipment, the company expanded under Howard Schultz’s leadership in the late 1980s to become a global coffeehouse brand. Starbucks operates thousands of stores worldwide, including over 3,000 in California, offering coffee, tea, and food products alongside branded merchandise. The company emphasizes ethical sourcing and sustainability in its operations. Starbucks is publicly traded on NASDAQ under the ticker symbol SBUX and reported employing approximately 381,000 people globally in 2025. Its growth strategy includes licensed stores, digital ordering platforms, and specialty formats such as Starbucks Reserve® Roasteries.
| TENANT | DESCRIPTION | SIZE | MOVE DATE | US LOCATIONS | REACH |
| Safeway | Supermarket | 40,375 SF | - | 1,272 | National |
| L'mage Salon Studios | Salon/Barber/Spa | 4,669 SF | 01/2016 | 9 | Local |
| Sakura Sushi | Restaurant | 4,613 SF | 01/2018 | 1 | Local |
| Chase Bank | Bank | 4,262 SF | 07/2020 | 7,623 | National |
| Subway | Sub Sandwich | 3,948 SF | - | 28,950 | International |
| Starbucks | Coffee | - | 04/2020 | 19,206 | International |
PROPERTY FACTS
| Total Space Available | 12,054 SF | Center Properties | 6 |
| Min. Divisible | 1,045 SF | Gross Leasable Area | 98,382 SF |
| Center Type | Neighborhood Center | Total Land Area | 10.73 AC |
| Parking | 305 Spaces | Year Built | 1985 |
| Stores | 23 |
| Total Space Available | 12,054 SF |
| Min. Divisible | 1,045 SF |
| Center Type | Neighborhood Center |
| Parking | 305 Spaces |
| Stores | 23 |
| Center Properties | 6 |
| Gross Leasable Area | 98,382 SF |
| Total Land Area | 10.73 AC |
| Year Built | 1985 |
ABOUT THE PROPERTY
Ahwatukee Mercado Shopping Center offers prime retail space for lease in one of Phoenix’s most desirable and high-traffic locations. Situated at the intersection of 48th Street and Elliot Road, this 98,382-square-foot shopping center is anchored by nationally recognized brands including Safeway and Chase Bank. The property spans 10 acres and features 23 stores, with multiple turnkey spaces currently available for lease. Located in the well-established Ahwatukee Foothills neighborhood, the center benefits from a dense residential population of nearly 12,000 people within a 1-mile radius and over 100,000 people within a 3-mile radius, ensuring consistent foot traffic and visibility. Multiple signage opportunities offer tenants the chance to enhance brand recognition and visibility. Just a half-mile from the full-diamond interchange at Interstate 10, the center is easily accessible to both residents and commuters. Additionally, the shopping center is surrounded by strong office and industrial employment hubs that contribute to a robust daytime worker demographic. Ahwatukee Mercado is designed with practical architecture and essential amenities, offering a variety of shopping and dining options that cater to the daily needs of the community. The center boasts excellent visibility from Elliot Road and 48th Street, and is conveniently accessible via nearby bus lines, making it a popular destination for both shoppers and professionals. The multiple curb cuts provide seamless ingress and egress, create a logistical advantage, and aid in the flow of traffic for the center. The presence of high-performing anchor tenants drives consistent traffic and enhances the overall appeal of the center. Nestled in the serene landscape of the Ahwatukee Foothills, this location combines suburban tranquility with urban convenience, making it an ideal setting for retailers, service providers, and dining establishments looking to thrive in Phoenix’s vibrant retail market.
- Restaurant
- Signage
- Monument Signage
MARKETING BROCHURE
DEMOGRAPHICS
Demographics
ABOUT AHWATUKEE FOOTHILLS
Ahwatukee is an affluent and fast-growing suburb in Phoenix. The community boasts beautiful neighborhoods, scenic parks, golf courses, and resorts that attract residents and visitors year round. The area also boasts other attractions, including the Arizona Grand Resort and Tempe Diablo Stadium, the Los Angeles Angels' spring training facility. Residential developers have been active in Ahwatukee and the South Mountain area. The rise in new rooftops is luring new food and services retailers.
Proximity to Interstate 10 connects the neighborhood to several diverse employment districts in Tempe, Downtown Phoenix, and Chandler. Manufacturing, healthcare, distribution, finance, and aerospace employers in the area support above-average household incomes. Intel, ABM Industries, Honeywell, Avnet, Wells Fargo, Bank of the West, United Health Group, and Aetna have sizable operations within a five-mile radius.
Attractive demographics, growth prospects, and nearby amenities draw tenants to Ahwatukee. Retailers here can reach a vast consumer base without paying the higher rents in nearby Tempe and Chandler.
NEARBY AMENITIES
RESTAURANTS |
|||
|---|---|---|---|
| Sakura Sushi | - | - | 0 min walk |
| Los Taquitos Inc | Mexican | $ | 0 min walk |
| Cactus Jacks | Grill | $ | 0 min walk |
| Starbucks | Cafe | $ | 2 min walk |
| Chesapeake Bay Bistro | - | - | 12 min walk |
| Caffe Boa-ahwatukee | Italian | $ | 12 min walk |
| Sakana Sushi & Teppanyaki | Japanese | $$$ | 12 min walk |
| Bagel Man | Bagels | $ | 12 min walk |
RETAIL |
||
|---|---|---|
| Safeway | Supermarket | 2 min walk |
| Great Clips | Salon/Barber/Spa | 2 min walk |
| Pak Mail | Business/Copy/Postal Services | 2 min walk |
| Chase Bank | Bank | 5 min walk |
| Circle K, Inc. | Convenience Market | 6 min walk |
| Walgreens | Drug Store | 8 min walk |
| United States Postal Service | Business/Copy/Postal Services | 11 min walk |
| Bank of America | Bank | 11 min walk |
| Wells Fargo Bank | Bank | 14 min walk |
HOTELS |
|
|---|---|
| Drury Plaza Hotel |
180 rooms
6 min drive
|
| InTown Suites |
121 rooms
8 min drive
|
| Sonesta ES Suites |
126 rooms
7 min drive
|
| Sonesta Simply Suites |
122 rooms
8 min drive
|
| TownePlace Suites |
118 rooms
8 min drive
|
| Wyndham Vacation Resort |
74 rooms
7 min drive
|
| Hampton by Hilton |
101 rooms
8 min drive
|
| Wyndham |
205 rooms
9 min drive
|
| Home2 Suites by Hilton |
108 rooms
12 min drive
|
| Hilton |
259 rooms
12 min drive
|
LEASING TEAM
LEASING TEAM
William Shiney, Commercial Leasing
ABOUT THE OWNER
OTHER PROPERTIES IN THE INVESTMENT CONCEPTS, INC. PORTFOLIO
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Ahwatukee Mercado | 4747 E Elliot Rd
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