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Shoppes at Cotton Center 3 Retail Properties Offered at $9,850,000 in Phoenix, AZ



Investment Highlights
- POSITIONED WITHIN ONE OF PHOENIX’S MOST ESTABLISHED EMPLOYMENT HUBS. COTTON CENTER, A MASTER-PLANNED CORPORATE DISTRICT WITH MORE THAN 130 BUSINESSES.
- MINUTES FROM PHOENIX SKY HARBOR INTERNATIONAL AIRPORT, ONE OF THE BUSIEST AIRPORTS IN THE NATION
- BALANCED TENANT MIX SERVING BOTH CORPORATE CAMPUSES AND NEARBY RESIDENTIAL NEIGHBORHOODS.
- DENSE DAYTIME POPULATION: DRIVES CONSISTENT WEEKDAY TRAFFIC AND SUPPORTS SERVICE-ORIENTED TENANTS.
- HIGH-VISIBILITY FRONTAGE ALONG 48TH STREET WITH STRONG DAILY TRAFFIC COUNTS.
- LOCATED IN AN INFILL SUBMARKET WITH ONGOING CORPORATE EXPANSION AND REDEVELOPMENT.
Executive Summary
CBRE National Retail Partners Group, as exclusive advisors, are pleased to present the opportunity to acquire The Shoppes at Cotton Center (the “Property”), a well-located retail strip center totaling ±16,489 square feet just south of highly trafficked intersection of 48th Street and Broadway Road in Phoenix, Arizona.
Shoppes at Cotton Center occupies a strategic position within the Cotton Center, one of Phoenix’s most established and rapidly evolving employment corridors. The Property sits on 2.35 acres and benefits from immediate proximity to Phoenix Sky Harbor International Airport, Interstate 10, and State Route 143, providing exceptional regional connectivity. The surrounding area is home to a deep and diverse corporate employment base, including major users such as Amazon, Bank of America, DB Schenker, CVS Health, and the Arizona Department of Economic Security. Continued corporate expansion and infill development in the South Phoenix and Airport submarkets further enhance the Property’s long-term value.
The center features a strong mix of national and regional tenants, offering a balanced blend of daily-needs retail, services, and dining options that cater to the dense daytime population. Its location within a high-demand employment hub ensures consistent traffic, strong visibility, and durable tenant performance.
Several tenants have completed recent cosmetic upgrades to their spaces - including Jimmy John’s interior refresh and all new exterior signage, as well as Pita Bistro’s new patio garage door that enhances the outdoor dining experience. These improvements not only elevate curb appeal but also signal strong tenant commitment and continued investment in the property.
Cotton Center itself is a major economic engine for the region, supporting thousands of jobs across more than 130 businesses within its master-planned corporate environment. The area is favorably positioned adjacent to Phoenix Sky Harbor International Airport, one of the busiest airports in the United States, that sees more than 143,000 travelers on average daily. The district continues to attract investment from logistics, technology, finance, and healthcare users, reinforcing its position as one of Phoenix’s most productive employment nodes.
Shoppes at Cotton Center occupies a strategic position within the Cotton Center, one of Phoenix’s most established and rapidly evolving employment corridors. The Property sits on 2.35 acres and benefits from immediate proximity to Phoenix Sky Harbor International Airport, Interstate 10, and State Route 143, providing exceptional regional connectivity. The surrounding area is home to a deep and diverse corporate employment base, including major users such as Amazon, Bank of America, DB Schenker, CVS Health, and the Arizona Department of Economic Security. Continued corporate expansion and infill development in the South Phoenix and Airport submarkets further enhance the Property’s long-term value.
The center features a strong mix of national and regional tenants, offering a balanced blend of daily-needs retail, services, and dining options that cater to the dense daytime population. Its location within a high-demand employment hub ensures consistent traffic, strong visibility, and durable tenant performance.
Several tenants have completed recent cosmetic upgrades to their spaces - including Jimmy John’s interior refresh and all new exterior signage, as well as Pita Bistro’s new patio garage door that enhances the outdoor dining experience. These improvements not only elevate curb appeal but also signal strong tenant commitment and continued investment in the property.
Cotton Center itself is a major economic engine for the region, supporting thousands of jobs across more than 130 businesses within its master-planned corporate environment. The area is favorably positioned adjacent to Phoenix Sky Harbor International Airport, one of the busiest airports in the United States, that sees more than 143,000 travelers on average daily. The district continues to attract investment from logistics, technology, finance, and healthcare users, reinforcing its position as one of Phoenix’s most productive employment nodes.
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Property Facts
| Price | $9,850,000 | Number of Properties | 3 |
| Price / SF | $551.73 / SF | Individually For Sale | 0 |
| Cap Rate | 6.50% | Total Building Size | 17,853 SF |
| Sale Type | Investment | Total Land Area | 2.35 AC |
| Status | Active |
| Price | $9,850,000 |
| Price / SF | $551.73 / SF |
| Cap Rate | 6.50% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 17,853 SF |
| Total Land Area | 2.35 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
48th & Broadway - Bldg 1
4730 S 48th St, Phoenix, AZ 85040 |
Retail | 6,764 SF | 2008 | - |
|
48th & Broadway Bldg 3
4750 S 48th St, Phoenix, AZ 85040 |
Retail | 6,278 SF | 2008 | - |
|
48th St & Broadway Bldg 2
4740 S 48th St, Phoenix, AZ 85040 |
Retail | 4,811 SF | 2008 | - |
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