Rivulon Shops
3605 S Gilbert Road, Gilbert, AZ 85297
Marketing description
Rivulon Shops are a ±6,007 square foot, fully leased multi-tenant retail center. The asset generates an NOI of $219,664 and is offered at $3,950,000, representing a 5.56% cap rate with a 4.87-year weighted average lease term.
The center is strategically situated adjacent to the Rivulon campus, a transformative mixed-use destination that continues to attract major employers, healthcare users, hospitality operators, and new residential development, creating a vibrant live-work-play environment in the heart of Gilbert. Surrounded by some of the Valley's fastest-growing and most desirable communities, Rivulon Shops draws from a highly educated and affluent customer base with strong household incomes and continued population expansion throughout Gilbert, Chandler, and the Southeast Phoenix metropolitan area. The property benefits from consistent traffic generated by nearby corporate campuses, medical offices, retail destinations, and hospitality uses, positioning the center to capture both daytime employment traffic and evening and weekend consumer activity. The site offers excellent regional connectivity via Loop 202 and nearby arterial roadways, enhancing accessibility for both local residents and commuters throughout the East Valley.
Rivulon Shops features a carefully curated mix of national, regional, and local tenants that provide a balanced blend of dining, service, wellness, and lifestyle-oriented retail uses. This complementary tenant mix creates strong cross-shopping synergy and promotes steady foot traffic throughout the day, reinforcing the center's role as a key community retail destination. The modern architecture, high-quality construction, and pedestrian-friendly environment further distinguish the property within the market and contribute to its long-term desirability among tenants and consumers alike. With its strategic Gilbert location, exceptional surrounding demographics, continued area growth, and position within the larger Rivulon master-planned development, Rivulon Shops represents a compelling retail investment opportunity within one of the Phoenix metro's most sought-after and high-growth trade areas.
Investment highlights
- Attractive In-Place Returns: Offered At $3,950,000 With A 5.56% Cap Rate And $219,664 In Noi, The Rivulon Shops Delivers A Strong Current Return In A Market Where Stabilized Retail Assets At This Yield Are Increasingly Difficult To Source.
- 100% Occupied With Zero Vacancy Risk: The Rivulon Shops Is Fully Leased With No Vacant Space, Offering Investors A Stabilized, Income-Producing Asset From The First Day Of Ownership With No Leasing Risk To Absorb At Close.
- Premier Position Along A High-Traffic East Valley Corridor: Located On S Gilbert Rd, The Property Benefits From Strong Visibility, High Vehicular Traffic, And Proximity To Dense Residential Rooftops, National Co-Tenancy, And A Consumer Base With Above-Average Household Incomes.
- Gilbert Remains One Of The Strongest Retail Submarkets In Arizona: Home To Nearly 300,000 Residents And Major Employers Including Northrop Grumman, Lockheed Martin, Banner Health, And Godaddy, Gilbert Continues To Attract Businesses And Residents Alike, Sustaining Long-Term Demand For Well-Located Neighborhood Retail.
- Stable Income With A Nearly 5-Year Walt: A Weighted Average Lease Term Of 4.87 Years Provides Meaningful Cash Flow Visibility And Limits Near-Term Rollover Exposure, Offering A Reliable Foundation For Underwriting Across All Three Tenants.
- Curated Tenant Mix With Loyal Customer Bases: Bisbee Breakfast Club, Ds Nutrition, And The Polish Lounge Each Serve Distinct But Overlapping Consumer Demographics, Creating A Complementary Ecosystem That Drives Consistent Foot Traffic And Repeat Business Throughout The Week.
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