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Goodwill & EOS Fitness 4949 W Ray Rd 62,071 SF 100% Leased Retail Building Chandler, AZ 85226 $16,500,000 ($265.82/SF) 6.36% Cap Rate

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Investment Highlights

  • 100% leased to two strong credit tenants
  • Goodwill of Northern and Central Arizona, the largest Goodwill affiliate globally, operates over 150 stores and donation centers across 3 states
  • ±2.5 miles from 3 major freeways I-10, Loop 202 and Loop 101
  • EOS operates 175 locations in 6 states and plans to expand to approximately 250 locations by 2030
  • Brand new 10 year lease extension from Goodwill, demonstrating long-term commitment to the site (±12 years of primary term remaining)
  • Strong retail intersection with other national tenants such as Fry’s Grocery, Starbucks, Taco Bell, Jack in the Box and more

Executive Summary

Cushman & Wakefield is pleased to present the opportunity to acquire a net leased investment leased to Goodwill and EOS Fitness, two established national tenants. The property is fully leased and provides investors with stable income generated from two separate tenants.
Goodwill of Central & Northern Arizona is the largest Goodwill affiliate in the world and operates more than 150 stores and donation centers across three states. As part of a network exceeding 3,300 locations across North America, Goodwill maintains a proven operating model centered around value-oriented retail and workforce development services. The organization’s long operating history contributes to consistent customer traffic and durable store performance. The site benefits from a recently executed 10-year lease extension, demonstrating long-term commitment to the location.
EOS Fitness is a high-growth fitness operator focused on affordable, high-amenity gyms. The company currently operates over 175 locations nationwide and serves more than 1.5 million members, with plans to expand to approximately 250 locations by 2030. Backed by institutional investment and a disciplined expansion strategy, EOS has established itself as a leading value fitness platform across the Southwest and Western United States.
The subject property is located at a signalized retail intersection in Chandler, Arizona within an established retail corridor. The site offers convenient access to I-10, Loop 202, and Loop 101 and is surrounded by national retailers including Fry’s Grocery, Starbucks, Taco Bell, and Jack in the Box. High daily traffic volumes and a newly improved parking lot support long-term tenant performance and continued customer demand.
This offering provides an opportunity to acquire a well-located multi-tenant retail investment with steady cash flow and long-term value supported by two established operating tenants.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
62,071 SF
Building Class
B
Year Built
2018
Price
$16,500,000
Price Per SF
$265.82
Cap Rate
6.36%
NOI
$1,049,799
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.25
Lot Size
5.70 AC
Parking
192 Spaces (3.09 Spaces per 1,000 SF Leased)
Frontage
328’ on W Ray Rd

Amenities

  • Bus Line
  • Dedicated Turn Lane
  • Pylon Sign
  • Signage
  • Monument Signage
  • Air Conditioning

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Arts, Entertainment, and Recreation
  • -
  • -
  • Triple Net
  • Oct 2035

EoS Fitness is a U.S. health club operator focused on the “high value, low price” gym model, providing large, full-service facilities with strength and cardio equipment, group fitness, recovery zones and other amenities. The company traces its origins to 2014 and later relocated its headquarters to Dallas as part of a national expansion strategy. In 2025, EoS announced an agreement to be acquired by TSG Consumer Partners, with the existing leadership team remaining in place. The brand has highlighted innovation across its clubs, including rollouts of AI-assisted strength training programs and refresh initiatives aimed at recovery and performance.

  • Retailer
  • -
  • -
  • Triple Net
  • Jul 2028

Goodwill Industries International is a nonprofit organization that provides employment support, job training, and community-based programs to individuals facing barriers to work. Founded in 1902 by Reverend Edgar J. Helms in Boston, the organization began by collecting donated household goods and clothing to repair and distribute while offering work opportunities to individuals in need. Today, Goodwill Industries International serves as the central coordinating body for a network of autonomous local Goodwill agencies across the United States, Canada, and several other countries. The organization oversees mission support, strategic planning, and national initiatives designed to expand workforce training and economic mobility. Goodwill’s services include career counseling, skills education, and placement assistance for job seekers such as veterans, people with disabilities, and individuals with limited work experience.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Arts, Entertainment, and Recreation - - Triple Net Oct 2035
Retailer - - Triple Net Jul 2028
Walk Score®
Very Walkable (72)
Bike Score®
Very Bikeable (79)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Starbucks
Baja Fresh
F45 Training, Inc.
Fry’s Food Stores
U.S. Bank
Ono Hawaiian BBQ
Natural Grocers
Albertsons
Chase Bank
9Round

Property Taxes

Property Taxes

Parcel Number
301-67-966
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$967,932
  • Listing ID: 39477955

  • Date on Market: 2/18/2026

  • Last Updated:

  • Address: 4949 W Ray Rd, Chandler, AZ 85226

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