Stabilized Neighborhood Retail in Growing West Valley Market

Highlights:

• Value add retail investment opportunity
• 95.40% Occupancy | Approximately 20% below market rents
• Nationally Recognized Anchor Tenants
• Long history, Diversified tenant roster, with in-place cash flows.
• 5.96 / 1,000 SF Parking Ratio
• Proximity to major educational institutions, including ASU West Campus, Arizona Christian University, and Glendale Community College
• Substantial new development and re-development in the surrounding area
• Ten minutes from arrowhead Towne Center & P83 Sports Complex
• Close Proximity to Loop-101 and City of Peoria

Description:

SVN Desert Commercial Advisors, on behalf of the Owner, is pleased to offer for lease the last remaining vacancies at Greenway Promenade. The vacancies represent several unique opportunities within the center. Suite 2 totals ±2,272 of leasable space on the eastern side of the property near 59th Ave. While Suite 10 is suitable for smaller operators, at ±964 SF. Suites 19, 20/21 represent a combined ±2,897 SF of space on the western side of the complex near the Greenway Rd entrance. Suites 20 and 21 are currently combined with a shared wall to suite 19, providing the remainder of the available space.

Greenway Promenade is located in the city of Glendale, north of the historic downtown area. The property is within the Arrowhead submarket, which has seen positive growth over the last decade. Offering road frontage along both Greenway Road and 59th Avenue, as well as close proximity to the I-17, US-60, and Loop-101 freeways. Popular attractions around the property include Arizona State University West Campus, Grand Canyon University, Glendale Community College, shops at Arrowhead Towne Center, and Peoria Sports Complex (P83), home to spring training for the Seattle Mariners and San Diego Padres.

6 Spaces Available

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