3134 South Mill Avenue, Tempe, AZ 85282

Mill Plaza (“The Property”) is a neighborhood retail center shadow anchored by Fry’s Food &

Drug (Kroger). The Property is situated on 3.1 acres strategically located at the northwest corner

of Mill Avenue and Southern Avenue in Tempe, Arizona. The center comprises approximately

±31,621 square feet of rentable space, currently 94.8% leased to a wide variety of daily-needs

tenants. Mill Plaza benefits from excellent visibility and access along Mill Avenue, one of Tempe’s

primary north–south corridors.

The center is shadow‑anchored by a corporately owned Fry’s Food & Drug (Kroger), Arizona’s

dominant grocery operator with over 120 locations statewide and a long‑established reputation for consistent customer loyalty. As a division of The Kroger Co., the nation’s largest traditional grocery retailer, Fry’s serves as a critical daily‑needs anchor, generating repeat visits and supporting strong co‑tenancy performance. The adjacency to a high‑volume Fry’s location positions Mill Plaza to capture grocery‑driven traffic while benefiting from Kroger’s significant investment in brand recognition, logistics, and customer retention.

Mill Plaza occupies a centralized in‑fill location within the East Valley retail core, U.S. Route 60 is approximately one mile north, Interstate 10 to the west, as well as Loop 101 approximately three miles east, allowing efficient regional access. The Property is also located just 1.5 miles south of Arizona State University’s Main campus, one of the largest university campuses in the United States, with approximately 79,800 enrolled students at the Tempe Campus alone. This dense concentration of students, faculty, and staff, combined with nearby employment hubs, office parks, and business complexes throughout Tempe, drives sustained daytime population and supports a diverse mix of service‑oriented and necessity‑based retailers.

The surrounding demographics further reinforce Mill Plaza’s long‑term investment appeal. Within

a three‑mile radius, the area supports a 2025 population of approximately 158,149 residents and a daytime population exceeding 210,000. Average household incomes are strong at $93,768 within three miles, while median ages ranging from the high‑20s to low‑30s reflect a younger, educated consumer base. Additionally, the trade area supports 7,500+ businesses and over 111,000 employees within three miles, providing a robust foundation of purchasing power and long‑term retail demand.