Share This Listing

Message

940 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

Investment Highlights

  • 100% leased, multi-tenant retail center with national and local tenants.
  • Features a drive-thru component and outdoor patio.
  • Provides stable income with annual rent escalations and built-in growth.
  • Prime outparcel to Albertsons with strong visibility and traffic counts.
  • Located near Loop 202 in Gilbert’s affluent trade area.

Executive Summary

The Shops at Lindsay, located at 857 E Warner Road in Gilbert, AZ, is a 5,011-square-foot retail center positioned on ±0.97 acres. Built in 2008, the property is 100% leased to a complementary tenant mix including Dunkin’ Donuts, A+ Family Dental, and Flavors of India. Strategically situated as an outparcel to an Albertsons-anchored shopping center at the high-visibility intersection of Warner Road and Lindsay Road, the asset benefits from strong traffic counts, excellent visibility, and proximity to Loop 202. Offering a current NOI of $183,788 and a 5.8% cap rate, the investment provides stable cash flow with annual rent escalations and built-in rent growth. The surrounding trade area features affluent demographics, high household incomes, and sustained population growth, making this a prime acquisition opportunity for investors seeking long-term appreciation. Listing price: $3,175,000.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,011 SF
Building Class
B
Year Built
2008
Price
$3,175,000
Price Per SF
$633.61
Cap Rate
5.79%
NOI
$183,788
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
0.98 AC
Zoning
PSC-1/SC - Planned Shopping Center/Shopping Center Commercial
Parking
29 Spaces (5.87 Spaces per 1,000 SF Leased)
Frontage
190’ on E Warner

Amenities

  • Signage
  • Drive Thru
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
50/100

Nearby Major Retailers

Gravity Coffee
Starbucks
Albertsons
Chase Bank
Life Time Fitness
Planet Fitness
BMO
Fry’s Food Stores
Safeway

Property Taxes

Property Taxes

Parcel Number
304-25-920
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$149,347
  • Listing ID: 41030686

  • Date on Market: 6/23/2026

  • Last Updated:

  • Address: 857 E Warner Rd, Gilbert, AZ 85296

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}