Boot Barn | GATEWAY CROSSING
$9,025,000
10105 West Mcdowell Rd, Avondale, AZ 85392
24,500 sqft
Building Size
1.48 acres
Lot Area
Details:
Highlights:
- Boot Barn (NYSE: BOOT) – $5.1B retailer with 475+ stores, $1.9B revenue, and 65–70 new locations planned for FY2026
- #2 Boot Barn in Arizona (Placer.ai) – Tenant signed a 10-year lease extension with a 7,500 SF expansion following strong store performance
- OX Korean BBQ owner also runs a top-performing Chinese buffet next door
- 100% occupied cntr w/ 4.5M+ annual visitors, top national retailers, and direct proximity to the 1M SF Gateway Pavilions by Costco and Harkins Theatre
- High-Growth Trade Area – 15,000+ new housing units under development in Avondale, expanding the consumer base and driving retail demand.
- Adjacent to the I-10 on-ramp (200K+ VPD) with strong frontage along I-10 and McDowell Rd (80K+ VPD), offering exceptional exposure and accessibility.
Description:
ARIZONA BROKER OF RECORD.... PRESCOTT COMMERCIAL - Matthew Fish ... License No. BR626105000
Faris Lee Investments is pleased to present the unique opportunity to acquire a two-tenant retail property located in the thriving Phoenix community of Avondale, Arizona. The asset is 100% occupied by Boot Barn, a national credit tenant, and OX Korean BBQ, on a triple net (NNN) lease, providing for ease of management and minimal landlord responsibilities. This offering represents a secure investment with strong, in-place cash flow from two tenants in a premier retail destination.
The property features a strong tenant lineup, led by Boot Barn, a publicly traded company (NYSE: BOOT). Boot Barn recently demonstrated its long-term commitment to this highly successful site by executing a 10-year lease extension and expanding its footprint by over 7,500 SF. This location’s proven success is evidenced by its ranking as the #1 most visited Boot Barn in Arizona as well ranking in the top 97% in the US per Placer. ai data. The investment offers a growing income stream and a hedge against inflation, with scheduled 10% rental increases from both tenants during their respective lease terms.
The subject property is ideally situated within Gateway Crossing (with annual visitor count over 4.5 Million), a dominant community shopping center that has historically maintained 100% occupancy with a roster of top-performing national retailers including Hobby Lobby, Best Buy, Old Navy, and Raising Cane’s. The site benefits from its location directly across from the 1 million-square-foot Gateway Pavilions regional center, anchored by Costco, Ross, Marshalls, and Harkins Theaters. Per Placer.ai, this premier center draws over 5.4 million annual visitors and ranks in the 99th percentile for community shopping centers nationwide (#10 of 7,209) and in Arizona (#2 of 168), providing exceptional daily-needs traffic to the area.
The property’s strategic location boasts high visibility and convenient access, with positioning adjacent to the on-ramp for the I-10 Freeway (216,000 VPD) and significant frontage on W McDowell Rd with over (80,000 VPD) at the intersection of N 99th Avenue and McDowell Rd. The immediate trade area is exceptionally dense, with a population of 338,600 people and an average household income of $93,120 within five miles. This market is poised for continued growth, with a strong development pipeline of over 15,000 new housing units under construction, ensuring an expanding consumer base. The combination of a committed national credit tenant, a prime location in a major retail corridor, and a high-growth market makes this an exceptional investment opportunity.
Avondale, Arizona, is a thriving city in Maricopa County, known for its rich cultural heritage, vibrant community, and proximity to natural attractions like Estrella Mountain Regional Park. As the 15th most populated city in the state, Avondale is home to 93,545 residents and is one of the fastest-growing areas in the Southwest. The city offers a perfect blend of urban living and outdoor recreation, with over 20,000 acres of pristine desert mountains and more than 33 miles of trails, along with 200 acres of city parks. Avondale’s strategic location near Phoenix makes it an attractive destination for families and businesses alike, offering affordable housing options and a high quality of life.
Avondale is a key player in the Phoenix metropolitan area, boasting a robust economy with sectors like healthcare, manufacturing, and logistics playing significant roles. The city’s economic growth is supported by its prime location along major transportation corridors, access to a skilled workforce, and strong collaborations with educational institutions such as Arizona State University and Northern Arizona University. Avondale’s workforce is bolstered by its proximity to the Phoenix metro area’s vast labor market of over 2.4 million people, with one-third of this workforce residing in the West Valley. This provides Avondale businesses access to skilled professionals in healthcare, manufacturing, information technology, and business services. The city’s educational landscape is further strengthened by strategic partnerships with K-12 schools, community colleges, and trade schools, ensuring a continuous pipeline of talented employees for local businesses. With a focus on innovation and growth, Avondale is poised to capture 40% of the metro’s population growth by 2030, solidifying its position as a dynamic and prosperous city in Arizona.

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