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33298063
33298062

1561 N Cooper Rd, Gilbert, AZ 85233

CH
AZ SA584876000
Cushman & Wakefield - Phoenix, Arizona
SC
AZ SA673156000
Cushman & Wakefield - Phoenix, Arizona
Listed by Cushman & Wakefield - Phoenix, Arizona
$2,961,123
4 days on market
Updated 4 days ago

Cooper Crossing | Multi-Tenant Retail Investment

Details
APN 314-01-005
Property Type Retail
Sub Type Shopping Center
Square Footage 6,680
Net Rentable (SqFt) 6,680
Cap Rate 6.5%
NOI $192,473
Occupancy 100%
Tenancy Multi
Brand/Tenant Subway
Lease Type NNN
Price per SqFt $443
Year Built 2002
Acreage 0.920
Investment Type Stabilized
Ground Lease No

Retail | 6.50% CAP | 6,680 SqFt

Marketing description

Cushman & Wakefield is pleased to present the opportunity to acquire Cooper Crossing, a fully occupied multi-tenant retail investment located in Gilbert, Arizona. The property consists of approximately 6,680 square feet situated on ±0.92 acres and is 100% leased to a diverse mix of service-oriented and neighborhood retail tenants. Structured with NNN leases, the asset offers investors a stable in-place income stream with limited landlord responsibilities, further supported by annual rent growth across the tenant base.

Originally constructed in 2002, Cooper Crossing provides an established and well-performing neighborhood retail center with a weighted average lease term of approximately 4.6 years. The property features a diverse tenant mix with demonstrated long-term occupancy, supported by recent lease extensions, expansions, and tenant investments into the space. This ongoing tenant commitment underscores the center’s stability, established customer base, and continued relevance within the surrounding community.

The center is situated within a densely populated and highly desirable East Valley trade area containing more than 415,000 residents within a five-mile radius. The site benefits from close proximity to U.S. Route 60 (approximately 255,656 vehicles per day), providing strong regional connectivity and accessibility. Cooper Crossing is strategically positioned adjacent to The Shoppes at Gilbert Commons, a dominant retail destination featuring national tenants such as T.J. Maxx, Kohl’s, Ross, Five Below, and Chipotle. The surrounding area is further supported by strong demographics, with average household incomes exceeding $127,000 within a one-mile radius.

This offering represents an opportunity to acquire a stabilized Gilbert retail center with diverse tenancy, durable in-place cash flow, contractual rent growth, and strong real estate fundamentals in one of the Phoenix metro’s most sought-after submarkets.

Investment highlights

INVESTMENT HIGHLIGHTS

• 100% occupied

• Diverse, established tenant mix with strong long-term occupancy

• Stable tenancy with a 4.6 year WALT

• NNN leases – tenants reimburse all expenses

• Annual rent growth across all leases

• Tenant commitment demonstrated through recent lease extensions, expansions, and store improvements

LOCATION HIGHLIGHTS

• Densely populated trade area with over ±415,000 residents in a 5-mile radius

• Surrounded by national and regional retailers

• Adjacent to The Shopped at Gilbert Commons, including top performing tenants such as T.J. Maxx, Kohls, Ross, Five Below and Chipotle

• Located ±0.5 miles from U.S. 60 Freeway (±255,656 VPD)

• High average household incomes over $127,000 in a 1 mile radius

Listing Contacts

CH
AZ SA584876000
Cushman & Wakefield - Phoenix, Arizona
SC
AZ SA673156000
Cushman & Wakefield - Phoenix, Arizona
Listed by Cushman & Wakefield - Phoenix, Arizona

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$192,473.00
$16,039.42/mo

Valuation Metrics

0
DSCR
6.5%
Cap Rate
6.5%
ROI

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Additional Information

Name
Chris Hollenbeck
License
SA584876000
Brokerage
Cushman & Wakefield
Name
Shane Carter
License
SA673156000
Brokerage
Cushman & Wakefield
Brokerage Phone
(602) 224-4442
Title
Director
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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