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VALUE ADD RETAIL INVESTMENT OPPORTUNITY...pecan grove festival 575-725 west warner road tempe, az...

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PECAN GROVE FESTIVAL 575-725 WEST WARNER ROAD TEMPE, AZ 85284 VALUE ADD RETAIL INVESTMENT OPPORTUNITY $8,900,000 (132/SF) | 67,557 SF
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Page 1: VALUE ADD RETAIL INVESTMENT OPPORTUNITY...pecan grove festival 575-725 west warner road tempe, az 85284 value add retail investment opportunity $8,900,000 (132/sf) | 67,557 sf

PECAN GROVE FESTIVAL575-725 WEST WARNER ROAD

TEMPE, AZ 85284VALUE ADD RETAIL INVESTMENT OPPORTUNITY

$8,900,000 (132/SF) | 67,557 SF

Page 2: VALUE ADD RETAIL INVESTMENT OPPORTUNITY...pecan grove festival 575-725 west warner road tempe, az 85284 value add retail investment opportunity $8,900,000 (132/sf) | 67,557 sf

HIGHLIGHTSValue-Add Opportunity• The center is currently 80% occupied allowing investors to immediately add value through the

lease up of existing space. • An undeveloped PAD exists on the site with the potential for 3,000 buildable SF.

Strategic, High-Profile Neighbors• Less than a half mile to the West of the property is the Arizona Honeywell Campus, the

Arizona Cardinals Training Complex, Tempe Sports Complex, and Ahwatukee Country Club.• Approximately 3 miles to the South is the Intel Chandler Campus and Lone Butte Casino.• Approximately 3 miles to the East is ASU Research Park - home to GoDaddy, Amkor

Technology, Amazon, Iridium, Edward Jones, US Foods, and Walgreens Corporate.

Impressive Tenant Longevity• 33% of the current tenants have been at the center for over 17 years.

Shadow Anchored by Home Depot (NYSE: HD, Moody’s: A2)• In Fiscal 2016 Home Depot recorded net earnings of $8.0 billion, the highest in company

history. Gross sales grew by 6.9% over 2015, same stores sales in the U.S. grew by 6.2%.• Home Depot stock has risen nearly 10% in the last year, a strong testament Home Depot’s

insulation from the effects of e-commerce.

Affluent Demographic Profile• 1-Mile Average Household Income of ±$144,000.• 5-Mile Daytime Population of ±292,000.• Nearly 148,000 employees and over 10,000 business in a 5-mile trade area.

PROPERTY DESCRIPTION• 67,557 SF

• 80.1% Occupied

• 5.75 Acres

• 260 Parking Spaces, 3.84:1,000

South Mountain Park

Usery MountainRecreation Area

Four PeaksWilderness

McDowell MountainRegional Park

Phoenix SonoranDesert Preserve

White Tank MountainRegional Park

Skyline RegionalPark

Deem HillsRecreation Area

Thunderbird ConservationPark

PapagoPark

Piestewa PeakPark

North MountainPark

PhoenixMountainPreserve

Buffalo RidgePark

Estrella Mountain Park

51

85

89

SR143

101

101

101

101

202 202

202

202

202

303

303

303

60

60 60

60

60

Phoenix Sky HarborInternational Airport

Mesa-GatewayAirport

Falcon FieldAirport

ScottsdaleMunicipal Airport

GlendaleMunicipal Airport

Luke Air ForceBase

Goodyear Airport

ChandlerMunicipal Airport

Deer ValleyMunicipal Airport

91st A

ve.

91st A

ve.

91st A

ve.

91st A

ve.

99th A

ve.

99th A

ve.

107th

Ave

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7th A

ve.

107th

Ave

.10

7th A

ve.

107th

Ave

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111th

Ave

.

Tess

mer

Rd.

117th

Ave

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103rd

Ave

.10

3rd A

ve.

99th A

ve.

111th

Ave

.

107th

Ave

.

Avon

dale

Ave

.

El M

irage

Rd.

El M

irage

Rd.

Dysa

rt Av

e.Dy

sart

Ave.

Cent

ral A

ve.

Litc

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Litc

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ve.

Bulla

rd A

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Bulla

rd A

ve.

Bulla

rd A

ve.

Nash

St.

Estre

lla P

kwy.

Estre

lla P

kwy.

Reem

s Rd

.

Sariv

al A

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Sariv

al A

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Alsu

p Rd

.

Cotto

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.

Cotto

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.

Cotto

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.

Citru

s Rd

.Ci

trus

Rd.

El M

irage

Rd.

El M

irage

Rd.

Dysa

rt Av

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Litc

hfie

ld A

ve.

Bulla

rd A

ve.

Reem

s Rd

.

Litc

hfie

ld A

ve.

Sariv

al A

ve.

Cotto

n Ln

.Co

tton

Ln.

Perry

ville

Rd.

Perry

ville

Rd.

175th

Ave

.

Citru

s Rd

.Ci

trus

Rd.

187th

Ave

.18

6th A

ve.

Jack

rabb

it Tr

ail

Jack

rabb

it Tr

ail

Rain

bow

Valle

y Rd

.

Rain

bow

Valle

y Rd

.

Vera

do W

ay

Wat

son

Rd.

Dean

Rd.

Mille

r Rd.

83rd A

ve.

75th A

ve.

67th A

ve.

McDowell Rd.McDowell Rd.McDowell Rd.

Van Buren St.

Yuma Rd.Yuma Rd.

Van Buren St. Van Buren St.Van Buren St. Van Buren St. Van Buren St. Van Buren St.

Lincoln St.

Buckeye Rd. Sky Harbor Blvd.Buckeye Rd.

Broadway Rd.Broadway Rd.Broadway Rd. Broadway Rd. Broadway Rd.

Roeser Rd. Roeser Rd.

Southern Ave.Southern Ave.Southern Ave.

Estrella Dr.

Beltline Rd.

Baseline Rd.

Broadway Rd.Broadway Rd.

University Dr. University Dr.

Apache Blvd.

Broadway Rd.

Main St.

University Dr.

Rio Salado Pkwy.Rio Salado Pkwy.

Southern Ave. Southern Ave. Southern Ave.

Broadway Rd.

Main St.

University Dr.

Brown Rd.

Southern Ave.

Baseline Rd. Baseline Rd. Baseline Rd. Baseline Rd. Baseline Rd. Baseline Rd.

Guadalupe Rd.

Elliot Rd.

Warner Rd.

Ray Rd.

Chandler Blvd.

Elliot Rd.

Warner Rd.

Ray Rd.

Chandler Blvd.

Frye Rd.

Pecos Rd.

Germann Rd. Germann Rd.

Queen Creek Rd. Queen Creek Rd.

Germann Rd.

Queen Creek Rd. Queen Creek Rd.

Ocotillo Rd.

Hunt Hwy. Hunt Hwy.

East Riggs Rd.East Riggs Rd.

Chandler Heights Rd.

Empire Blvd.

East Riggs Rd.

San Tan Blvd.

Chandler Heights Rd.

Ocotillo Rd.Ocotillo Rd. Ocotillo Rd.

Cloud Rd.

Combs Rd.

Pecos Rd. Pecos Rd.

Pecos Rd.

Pecos Rd.

Elliot Rd.

Warner Rd.

Elliot Rd. Elliot Rd.

Warner Rd.

Ray Rd. Ray Rd. Ray Rd.

Williams Field Rd. Williams Field Rd.

Guadalupe Rd.

Houston Ave.

Guadalupe Rd. Guadalupe Rd. Guadalupe Rd.

Baseline Rd.

Dobbins Rd.

S. Mountain Ave.

Dobbins Rd.Dobbins Rd.

Carver Rd.

Baseline Rd.

Southern Ave.

Buckeye Rd.Buckeye Rd. Buckeye Rd.

Washington St. Washington St.Jefferson St.

Van Buren St.

Air Ln.

Yuma Rd.

Southern Ave.

Lower Buckeye Rd.

Broadway Rd.Broadway Rd.

Elwood St.

Indian Springs Rd.

Thomas Rd.Thomas Rd.

Indian School Rd.Indian School Rd.Indian School Rd.

Camelback Rd.Camelback Rd.Camelback Rd.

Bethany Home Rd.Bethany Home Rd.

Glendale Ave.Glendale Ave.Glendale Ave.

Northern Ave.Northern Ave.

Olive Ave.

Peoria Ave.

Cactus Rd.

McDowell Rd.

Thomas Rd.

Indian School Rd.

Camelback Rd.

Bethany Home Rd.

Glendale Ave.

Northern Ave.

Olive Ave.

Peoria Ave.

Cactus Rd.

Thunderbird Rd. Thunderbird Rd.

McDowell Rd.

Thomas Rd.

Indian School Rd.

Camelback Rd.

McDowell Rd.

Thomas Rd.

McDowell Rd.

Mckellips Rd. Mckellips Rd.

Broadway Rd.

Main St.

University Dr.

Brown Rd. Brown Rd.

Southern Ave.

Broadway Rd.

Main St.

University Dr.

Southern Ave.

Mckellips Rd.

Curry Rd.

Mckellips Rd.

McDowell Rd. McDowell Rd. McDowell Rd.

Longbow Pkwy.

Thomas Rd. Thomas Rd. Thomas Rd.

Saddleback St.

Indian School Rd.Indian School Rd.

Camelback Rd.

Camelback Rd.

Chaparral Rd. Chaparral Rd.

Indian Bend Rd.

Mountain View Rd.Mountain View Rd.

Shea Blvd. Shea Blvd. Shea Blvd.

Via Linda

Palis

ades

Blvd

.

Golden Eagle Blvd.

McD

owel

l Mou

ntai

n Rd

.

McD

owel

l Mou

ntai

n Rd

.

Via Linda

Shea Blvd.

Cholla St.Cholla St.

Lincoln Dr.

DoubleTree Ranch Rd.

McDonald Dr. McDonald Dr.Bethany Home Rd.

Glendale Ave.

Lincoln Dr.

Northern Ave.

McDowell Rd.

Roosevelt Rd.

Thomas Rd.

Indian School Rd.

Camelback Rd.

Bethany Home Rd.

Glendale Ave.

Northern Ave.

Dunlap Ave. Dunlap Ave.

Hatcher rd.

Peoria Ave.

Cactus Rd. Cactus Rd.

Sweetwater Ave.

Cactus Rd.Cactus Rd. Cactus Rd.

Thunderbird Rd. Thunderbird Rd.

Greenway Rd.

Thunderbird Rd.

Greenway Rd.Greenway Rd.

Grovers Ave.

Pinnacle Peak Rd. Pinnacle Peak Rd.Pinnacle Peak Rd.

Jomax Rd. Jomax Rd. Jomax Rd. Jomax Rd.

Dynamite Blvd.

Jomax Rd. Jomax Rd. Fore

st R

d.

Dynamite Blvd. Rio Verde Dr. Rio Verde Dr.

Dove Valley Rd.

Sonoran Desert Dr.

Carefree Hwy Carefree Hwy

Rancho Paloma Dr.

Carefree Hwy

Lone Mountain Rd.

Dixileta Dr.

Sonoran Desert Dr.

Greenway Rd.

Bell Rd.Bell Rd.

Greenway Rd.

Waddell Rd.

Cactus Rd.

Peoria Rd.

Olive Ave.Olive Ave.

Northern Pkwy.

Northern Ave.

Sun Valley Pkwy.

Sun Valley Pkwy.

Bell Rd.Bell Rd. Bell Rd. Bell Rd.

Raintree Dr.

Frank Lloyd Wright Blvd.

Bell Rd.

Union Hills Dr. Union Hills Dr.Union Hills Dr.

Union Hills Dr.

Beardsley Rd.

Yorkshire Dr.

Rose Garden Ln.

Deer Valley Rd.Deer Valley Rd.Deer Valley Dr.

Heritage Dr.

Happy Valley Rd. Happy Valley Rd.Happy Valley Rd.Happy Valley Rd.

Lake

Ple

asan

t Pkw

y.

Pinnacle Peak Rd.

59th A

ve.

51st A

ve.

43rd A

ve.

35th A

ve.

83rd A

ve.

83rd A

ve.

83rd A

ve.

75th A

ve.

75th A

ve.

67th A

ve.

67th A

ve.

59th A

ve.

59th A

ve.

51st A

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51st A

ve.

55th A

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43rd A

ve.

43rd A

ve.

35th A

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35th A

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39th A

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29th A

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27th A

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91st A

ve.

99th A

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83rd A

ve.

83rd A

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75th A

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75th A

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67th A

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59th A

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51st A

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51st A

ve.

51st A

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43rd A

ve.

43rd A

ve.

35th A

ve.

27th A

ve.

35th A

ve.

27th A

ve.

19th A

ve.

19th A

ve.

19th A

ve.

North

Val

ley

Pkwy

.23

rd A

ve.

23rd A

ve.

29th A

ve.

27th A

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19th A

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15th A

ve.

7th A

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7th A

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12th S

t.

16th S

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15th A

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12th S

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16th S

t.16

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24th S

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t.24

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t.24

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32nd

St.

36th S

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40th S

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44th S

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48th S

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32nd

St.

32nd

St.

40th S

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48th S

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64th S

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94th S

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64th S

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56th S

t.56

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40th S

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44th S

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40th S

t.

36th S

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32nd

St.

28th S

t.

Tatu

m B

lvd.

Tatum

Blvd

.

Mayo Blvd.

Tatu

m B

lvd.

Tatu

m B

lvd.

68th S

t.Co

llege

Ave

.68

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t.

Scot

tsda

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d.Sc

otts

dale

Rd.

Scot

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dale

Rd.

Scot

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Cave

Cre

ek R

d.

Cave

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ek R

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Rura

l Rd.

McC

linto

ck D

r.

Mill

Ave.

Mill Ave.

Hard

y Dr

.Ha

rdy

Dr.

Prie

st D

r.

Rura

l Rd.

Kyre

ne R

d.Ky

rene

Rd.

Mar

icopa

Rd.

McC

linto

ck D

r.M

cClin

tock

Dr.

Prie

st D

r.Pr

iest

Dr.

Hayd

en R

d.Ha

yden

Rd.

Hayd

en R

d.

Pim

a Rd

.Pi

ma

Rd.

Pim

a Rd

.Pi

ma

Rd.

Dobs

on R

d.Do

bson

Rd.

Dobs

on R

d.Do

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Rd.

Long

mor

e

Alm

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hool

Rd.

Alm

a Sc

hool

Rd.

Alm

a Sc

hool

Rd.

Alm

a Sc

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Rd.

Coun

try C

lub

Dr.

Coun

try C

lub

Dr.

Coun

try C

lub

Dr.

Coun

try C

lub

Dr.

Ext R

d.Ex

t Rd.

Cent

er S

t.Ce

nter

St.

Mes

a Dr

.M

esa

Dr.

Gra

ntite

Ree

f Rd.

Horn

e

Stap

ley

Dr.

Gilb

ert R

d.G

ilber

t Rd.

Lind

say

Rd.

Val V

ista

Dr.

Gre

enfie

ld R

d.

Higl

ey R

d.

Reck

er R

d.

Powe

r Rd.

Powe

r Rd.

Ellsw

orth

Rd.

User

y Pa

ss R

d.

Cent

er S

t.

Mes

a Dr

.

Horn

e

Stap

ley

Dr.

Gilb

ert R

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Lind

say

Rd.

Val V

ista

Dr.

Gre

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ld R

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Higl

ey R

d.

Powe

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Soss

aman

Rd.

Soss

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Rd.

Soss

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Rd.

Rittenhouse Rd.

McQ

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Rd.

Coop

er R

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Gilb

ert R

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Lind

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Rd.

Val V

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Dr.

Gre

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Higl

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Reck

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Powe

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McQ

ueen

Rd.

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d.

Gilb

ert R

d.

Lind

say

Rd.

Val V

ista

Dr.

Gre

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ld R

d.

Higl

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Powe

r Rd.

Reck

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Hawe

s Rd

.Ha

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Rd.

Gar

y Rd

.

Ellsw

orth

Loo

p

Ellsw

orth

Rd.

Crism

on R

d.

Mer

idia

n Rd

.

Ellsw

orth

Rd.

Ellsw

orth

Rd.

Mou

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Ellsw

orth

Rd.

Gan

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Rd.

Ironw

ood

Rd.

Ironw

ood

Rd.

Crism

on R

d.

Sign

al B

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Rd.

Sign

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utte

Rd.

52nd

St.

52nd

St.

7th S

t.7th

St.

7th S

t.

Cent

ral A

ve.

83rd A

ve.

75th A

ve.

67th A

ve.

59th A

ve.

51st A

ve.

43rd A

ve.

35th A

ve.

27th A

ve.

19th A

ve.

7th A

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12th S

t.

16th S

t.

7th S

t.

Cent

ral A

ve.

Cent

ral A

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7th A

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7th S

t.

Cent

ral A

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19th A

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16th S

t.

7th A

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7th S

t.

Cent

ral A

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Cor

al G

ables

Dr.

Lake

Ple

asan

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y.

Cave

Cre

ek B

lvd.

Mayo Blvd.

28th

Dr.

Metro

Pkw

y.

Lake Pleaseant Pkwy.

Beardsley Rd.

Verd

e Vi

sta D

r.

Indian School Rd.

Aco ma Dr.

W. P

oint P

kwy.

Par k

view

Pl.

NW R

anch

Pk wy.

R H Johnson Blvd.

Stardust Blvd.Meeker Blvd.

128t

h Ave

.

151st

Ave

.

Aleppo Dr.

Sunri

se B

lvd.

Moun

tain V

iew Blvd.

Del W

ebb

Blvd

.

Bosw

ell B

lvd.

Ellio

t Rd.

Estre

lla P

kwy.

T hompson Peak Pkwy.

Le g acy Blvd.

Legacy Blvd.

Frank Lloyd Wright Blvd.

Hayd

en Rd.McCormic k Pkwy.

Gal

vin P

kwy.

Founta

in H

ills B

lvd.

Sag

uaro

Blvd

.

Mohave Rd.

Fort

McD

owel

l Rd.

Mus

tang

Way

Para

dise V

illage Pkwy.

Lower Buckeye Rd.Lower Buckeye Rd.Lower Buckeye Rd.

Lower Buckeye Rd.

Sky

Harb

or C

ir.

Hawe

s Rd

.

Rid g ecr

est

Eagle Crest Dr.

Ash

Ave.

Sara

toga

L in dner Ave.

Soss

aman

Rd.

Queen Creek Rd.

Indian School Rd.

Deer Valley Rd.

40th S

t.

Sunridge Dr.

Ray Rd.

Knox Rd.

Chandler Blvd.Chandler Blvd.

Pecos Rd.Pecos Rd.

48th S

t.

40th S

t.

36th S

t.

Mountain Pkwy.

Ranc h

Cir

Ray Rd.

48th S

t.

War

ner E

lliot L

oop

51st S

t.

44th S

t.

Dese

rt Fo

othil

ls Pk

wy.

17th A

ve.

Lakewood Pkwy.

PHOENIX

TEMPE

SCOTTSDALE

PARADISE VALLEY

GOODYEAR

GLENDALE

PEORIA

SURPRISE

BUCKEYE

CHANDLER

GILBERT

FOUNTAIN HILLS

MESA

PECAN GROVE FESTIVAL

PECAN GROVE FESTIVAL575-725 WEST WARNER ROAD, TEMPE, AZ 85284

Page 3: VALUE ADD RETAIL INVESTMENT OPPORTUNITY...pecan grove festival 575-725 west warner road tempe, az 85284 value add retail investment opportunity $8,900,000 (132/sf) | 67,557 sf

This information contained herein was obtained from sources deemed to be reliable; however SRS makes no guarantees, warranties or representations as to the completeness or accuracy thereof. SRSRE.COM

Pecan Grove Festival655 West Warner Road | Tempe, Arizona

SRS | 3131 East Camelback Road, Suite 110 | Phoenix, AZ 85016 | 602.682.6000

2,21

0 SF

Bake

ry

Salo

n

Won

g's

Nai

ls

Barb

er

Vete

rinar

ian

Dia

lysi

sSe

rvic

es

Mex

ican

Foo

d

Jenny Craig

E-Cig

Little Wonders Daycare

1,30

0 SF

Rest

aura

nt

1,84

5 SF

1,30

0 SF

2,628 SF

1,307 SF

1,559 SF

PAD AVAILABLE

NOT A PART

WARNER ROAD

KYRE

NE

ROAD

PH

OTO

SSI

TE P

LAN

N.A.P

N.A.P

PECAN GROVE FESTIVAL575-725 WEST WARNER ROAD, TEMPE, AZ 85284

Page 4: VALUE ADD RETAIL INVESTMENT OPPORTUNITY...pecan grove festival 575-725 west warner road tempe, az 85284 value add retail investment opportunity $8,900,000 (132/sf) | 67,557 sf

TEMPE SPORTS COMPLEX

WARNER RD.

KYREN

E RD

.

SOUTH MOUNTAINDOWNTOWN

PHOENIX

PECAN GROVE FESTIVAL575-725 WEST WARNER ROAD, TEMPE, AZ 85284

Page 5: VALUE ADD RETAIL INVESTMENT OPPORTUNITY...pecan grove festival 575-725 west warner road tempe, az 85284 value add retail investment opportunity $8,900,000 (132/sf) | 67,557 sf

PECAN GROVE FESTIVAL575-725 WEST WARNER ROAD, TEMPE, AZ 85284

Page 6: VALUE ADD RETAIL INVESTMENT OPPORTUNITY...pecan grove festival 575-725 west warner road tempe, az 85284 value add retail investment opportunity $8,900,000 (132/sf) | 67,557 sf

PAT DEMPSEYCAPITAL MARKETS &

INVESTMENT SALES

602.954.3772

[email protected]

JAN FINCHAMCAPITAL MARKETS & INVESTMENT [email protected]

ANDREW LUNDAHLINVESTMENT [email protected]


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