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29476965
29476966

4730-4750 S. 48th St, Phoenix, AZ 85040

ZA
AZ Arizona - SA566983000
CBRE - Phoenix
RS
AZ SA533128000
CBRE - Phoenix
MH
AZ, AZ SA530634000
CBRE - Phoenix
Listed by CBRE - Phoenix
$9,850,000
125 days on market
Updated 64 days ago

Shoppes at Cotton Center

Details
APN 123-06-104
Property Type Retail
Sub Type Shopping Center
Square Footage 16,489
Cap Rate 6.5%
NOI $640,460
Occupancy 100%
Brand/Tenant Panda Express, Jimmy John's (+1)
Price per SqFt $597
Year Built 2008
Buildings 3
Acreage 2.350
Investment Type Core+

ATTRACTIVE NEW FINANCING OPTIONS AVAILABLE | The Shoppes at Cotton Center | Phoenix, AZ

Marketing description

CBRE National Retail Partners Group, as exclusive advisors, are pleased to present the opportunity to acquire The Shoppes at Cotton Center (the “Property”), a well‑located retail strip center totaling ±16,489 square feet just south of highly trafficked intersection of 48th Street and Broadway Road in Phoenix, Arizona.

Shoppes at Cotton Center occupies a strategic position within the Cotton Center, one of Phoenix’s most established and rapidly evolving employment corridors. The Property sits on 2.35 acres and benefits from immediate proximity to Phoenix Sky Harbor International Airport, Interstate 10, and State Route 143, providing exceptional regional connectivity. The surrounding area is home to a deep and diverse corporate employment base, including major users such as Amazon, Bank of America, DB Schenker, CVS Health, and the Arizona Department of Economic Security. Continued corporate expansion and infill development in the South Phoenix and Airport submarkets further enhance the Property’s long‑term value.

The center features a strong mix of national and regional tenants, offering a balanced blend of daily‑needs retail, services, and dining options that cater to the dense daytime population. Its location within a high‑demand employment hub ensures consistent traffic, strong visibility, and durable tenant performance.

Several tenants have completed recent cosmetic upgrades to their spaces - including Jimmy John’s interior refresh and all new exterior signage, as well as Pita Bistro’s new patio garage door that enhances the outdoor dining experience. These improvements not only elevate curb appeal but also signal strong tenant commitment and continued investment in the property.

Cotton Center itself is a major economic engine for the region, supporting thousands of jobs across more than 130 businesses within its master‑planned corporate environment. The area is favorably positioned adjacent to Phoenix Sky Harbor International Airport, one of the busiest airports in the United States, that sees more than 143,000 travelers on average daily. The district continues to attract investment from logistics, technology, finance, and healthcare users, reinforcing its position as one of Phoenix’s most productive employment nodes.

Investment highlights

  • POSITIONED WITHIN ONE OF PHOENIX’S MOST ESTABLISHED EMPLOYMENT HUBS. COTTON CENTER, A MASTER‑PLANNED CORPORATE DISTRICT FEATURING MORE THAN 130 BUSINESSES.

  • DENSE DAYTIME POPULATION: DRIVES CONSISTENT WEEKDAY TRAFFIC AND SUPPORTS SERVICE‑ORIENTED TENANTS.

  • MINUTES FROM PHOENIX SKY HARBOR INTERNATIONAL AIRPORT, ONE OF THE BUSIEST AIRPORTS IN THE NATION.

  • HIGH‑VISIBILITY FRONTAGE ALONG 48TH STREET WITH STRONG DAILY TRAFFIC COUNTS.

  • BALANCED TENANT MIX SERVING BOTH CORPORATE CAMPUSES AND NEARBY RESIDENTIAL NEIGHBORHOODS.

  • LOCATED IN AN INFILL SUBMARKET WITH ONGOING CORPORATE EXPANSION AND REDEVELOPMENT.

  • STABLE LONG‑TERM TRADE AREA WITH LIMITED COMPETING RETAIL IN THE IMMEDIATE CORRIDOR.

Listing Contacts

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

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$640,460.00
$53,371.67/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
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