204-230 E Bell Rd | Phoenix, AZ 85022
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204-230 E Bell Rd
Phoenix, AZ 85022
Retail For Sale · Retail Property For Sale
·
95,662 SF
Property Facts
| Price | Not Individually For Sale | Building Class | C |
| Building Size | 95,662 SF | Lot Size | 7.89 AC |
| Property Type | Retail | Parking Ratio | 4.01/1,000 SF |
| Property Subtype | Department Store |
| Price | Not Individually For Sale |
| Building Size | 95,662 SF |
| Property Type | Retail |
| Property Subtype | Department Store |
| Building Class | C |
| Lot Size | 7.89 AC |
| Parking Ratio | 4.01/1,000 SF |
Executive Summary
Property Description: RETAIL CENTER
-Ross Walgreens Shopping Center offers great visibility, ingress and egress, excellent parking and a huge monument sign. The shopping center has had the same property management company since it was constructed. The center is in pristine condition and was partially renovated with new roofs and HVAC (2011-12), new landscaping (2015), and a new parking lot (2017).
-The Ross Walgreens Center was purchased by the current owner while it was under construction in 1994. The original tenants were CraftMart (local), Ross Dress for Less, Big Lots and Walgreen’s.
-Over the years, the entire North Phoenix trade area consistently enjoyed enormous growth in both multi-family and single-family residences.
-To serve this new population, the retail square footage at 7th Street and Bell Road grew to over 1 million square feet, making it one of the few “Power Intersections” in Metropolitan Phoenix: Having more than 1 million square feet of retail without being across from a major mall.
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Big boxes have experienced a resurgence at the intersection and are quickly filled by even better retailers and tenants. Just in the last 5 years, the intersection has welcomed Sprouts Farmers Market, Tuesday Morning, Planet Fitness, Michael’s, Marshall’s, Hobby Lobby, LA Fitness, WinCo, and Bealls Outlet.
-Ross Walgreens Shopping Center offers great visibility, ingress and egress, excellent parking and a huge monument sign. The shopping center has had the same property management company since it was constructed. The center is in pristine condition and was partially renovated with new roofs and HVAC (2011-12), new landscaping (2015), and a new parking lot (2017).
-The Ross Walgreens Center was purchased by the current owner while it was under construction in 1994. The original tenants were CraftMart (local), Ross Dress for Less, Big Lots and Walgreen’s.
-Over the years, the entire North Phoenix trade area consistently enjoyed enormous growth in both multi-family and single-family residences.
-To serve this new population, the retail square footage at 7th Street and Bell Road grew to over 1 million square feet, making it one of the few “Power Intersections” in Metropolitan Phoenix: Having more than 1 million square feet of retail without being across from a major mall.
-
Big boxes have experienced a resurgence at the intersection and are quickly filled by even better retailers and tenants. Just in the last 5 years, the intersection has welcomed Sprouts Farmers Market, Tuesday Morning, Planet Fitness, Michael’s, Marshall’s, Hobby Lobby, LA Fitness, WinCo, and Bealls Outlet.
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