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27045431
27045430

4255 W Thunderbird Rd, Phoenix, AZ 85053 For Sale

JJ
AZ SA586080000
Diversified Partners
KS
AZ SA670328000
Diversified Partners
Listed by Diversified Partners
$14,000,000
306 days on market
Updated 13 days ago

Burlington & Vasa | 4255 W Thunderbird Road

Details
APN 149-26-006M
Property Type Retail
Sub Type Shopping Center
Square Footage 80,862
Cap Rate 7.2%
NOI $1,008,144
Occupancy 100%
Tenancy Multi
Brand/Tenant Burlington Coat Factory, Vasa Fitness
Lease Type NNN
Lease Term 8
Remaining Term 8
Year Built 1979
Lot Size (SqFt) 332,929
Ownership Fee Simple

VASA Fitness & Burlington at 43rd Avenue & Thunderbird

Marketing description

Diversified partners is pleased to present the opportunity to acquire vasa fitness & burlington at 43rd avenue & thunderbird, an 80,862-square-foot retail property located at 4255 w. Thunderbird road in phoenix, Arizona. Positioned at the high-traffic intersection of thunderbird road and 43rd avenue, the property benefits from excellent visibility, multiple access points, and immediate connectivity to both loop 101 and interstate 17.
The property is fully leased to two nationally recognized tenants—burlington and vasa fitness—providing a strong, creditworthy income stream. Burlington, on a lease through October 31, 2035, is one of the fastest-growing off-price retailers in the country, while vasa fitness, on a lease through December 31, 2033, ranks among the top 20 largest health club operators in the U.S. Together, these tenants generate a weighted average lease term exceeding eight years, ensuring reliable cash flow and minimal rollover risk.
Located immediately adjacent to deer valley center, a thriving sprouts farmers market-anchored shopping center, the property benefits from high daily traffic and complementary retail synergy. The surrounding northwest phoenix trade area is home to over 178,000 residents within a three mile radius and is supported by major economic drivers such as banner thunderbird medical center, Arizona state university’s west valley campus, and Arizona Christian university. The area’s high barriers to entry for new retail development, particularly at prime intersections, further strengthen the property’s competitive position.
This combination of long-term lease security, strategic location, and robust surrounding demographics makes vasa fitness & burlington at 43rd avenue & thunderbird a compelling investment opportunity in one of phoenix’s most established and desirable submarkets.

Investment highlights

  • Anchored by Two National Tenants: VASA Fitness and Burlington serve as strong, nationally recognized anchors in the Northwest Phoenix trade area. Burlington, is one of the fastest rowing off-price retailers in the country. VASA Fitness, is among the top 20 largest health club operators in the U.S., offering a high-value, low-price fitness model. Their national brand recognition, diverse customer draw, and long-term commitments provide stability and sustained traffic to the property.

  • Extended Income Security With Long Walt: The property’s strong income profile is reinforced by a weighted average lease term exceeding eight years, secured by long leases with Burlington (expiring October 31, 2035) and VASA Fitness (expiring December 31, 2033). These extended terms significantly limit near-term rollover risk, providing investors with stable cash flow and reliable tenant performance well into the next decade.

  • Within a High-demand, Successful Sprouts-anchored Center: The property is positioned within Deer Valley Center, a thriving community retail destination anchored by Sprouts Farmers Market. This well-established center benefits from strong daily traffic, a complementary tenant mix, and excellent visibility at the high-traffic intersection of Thunderbird Road and 43rd Avenue, ensuring consistent customer draw and long-term viability for its tenants.

  • Rapid Growth in Northwest Phoenix: Northwest Phoenix is experiencing sustained growth fueled by new residential developments, expanding retail, and a diverse employment base. Anchored by major healthcare, education, and retail institutions, the area continues to attract new residents and businesses, supporting long-term economic strength and demand for well-located properties.

Listing Contacts

JJ
AZ SA586080000
Diversified Partners
KS
AZ SA670328000
Diversified Partners
Listed by Diversified Partners

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,008,144.00
$84,012.00/mo

Valuation Metrics

0
DSCR
7.2%
Cap Rate
7.2%
ROI

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Additional Information

Name
John Jackson
License
SA586080000
Brokerage
Diversified Partners, LLC
Brokerage Phone
602-400-5084
Title
Senior Vice President
Brokerage Address
7339 East McDonald Drive
Name
Kristina Stamets (Remon)
License
SA670328000
Brokerage Phone
480-947-8800
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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