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24940208
24940214

1505 E Warner Rd, Gilbert, AZ 85296

ZA
AZ Arizona - SA566983000
CBRE - Phoenix
MH
AZ, AZ SA530634000
CBRE - Phoenix
RS
AZ SA533128000
CBRE - Phoenix
Listed by CBRE - Phoenix
$24,990,000
320 days on market
Updated 22 days ago

Val Vista Towne Center

Details
APN 304-25-908
Property Type Retail
Sub Type Shopping Center
Square Footage 93,359
Units 18
Cap Rate 6.50%
NOI $1,624,450
Occupancy 100%
Brand/Tenant Goodwill, Petco (+1)
Price per SqFt $268
Year Built 2000
Buildings 1
Acreage 7.600
Zoning GC
Investment Type Stabilized
Occupancy Date 11/01/2025

Target Shadow Anchored | $24.9M | 6.50% CAP | 93,359 SqFt

Marketing description

Val Vista Towne Center, located at the southwest corner of Val Vista Drive and Warner Road in Gilbert, Arizona, is a vibrant retail destination that spans 93,359 square feet. This shopping center is strategically shadow anchored by Target, which enhances its appeal and foot traffic, making it a popular spot for both locals and visitors. Currently, the center boasts an impressive 100% occupancy, indicating a strong demand for retail space in this rapidly growing area.

The center features a diverse mix of tenants, including well-known national brands and local businesses, providing a variety of shopping and dining options. This blend not only caters to the everyday needs of the community but also creates a lively atmosphere for social interactions and leisure activities. With its convenient location and robust tenant mix, Val Vista Towne Center serves as a key retail hub in Gilbert, contributing to the area’s economic vitality.

As Gilbert continues to expand, Val Vista Towne Center is well-positioned to adapt and thrive, making it an essential part of the local landscape. Whether you’re looking for groceries, fashion, or a quick bite to eat, this center offers a comprehensive shopping experience that meets the needs of its diverse clientele.

The area surrounding Val Vista Towne Center boasts impressive demographics, highlighting its appeal as a prime retail location. Within a 3-mile radius, the population stands at 128,347 residents whom earn an average household income of a substantial $149,351, indicating a strong economic base and purchasing power among residents. Additionally, the average home value is approximately $603,961, further underscoring the affluence of the area. These high demographic indicators not only suggest a robust market for retail businesses but also create an attractive environment for potential investors and tenants looking to capitalize on the area’s growth and prosperity.

Investment highlights

  • Target Shadow Anchored Center

  • Gilbert Address

  • Exceptional Visibility + Frontage

  • High Income Demographics

  • Daily Needs Tenant Roster

Listing Contacts

ZA
AZ Arizona - SA566983000
CBRE - Phoenix
MH
AZ, AZ SA530634000
CBRE - Phoenix
RS
AZ SA533128000
CBRE - Phoenix
Listed by CBRE - Phoenix

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,624,450.00
$135,370.83/mo

Valuation Metrics

0
DSCR
6.5%
Cap Rate
6.5%
ROI

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Additional Information

Name
Zach Aulick
License
Arizona - SA566983000
Brokerage
CBRE
Title
Vice President
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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