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Two-Tenant Retail Center
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105 W University Dr, Tempe, AZ 85281

Shopping center adjacent to Arizona State University with triple-net leases and food-oriented occupants.

Property SizeContact for details
Days on Market144

Property Features for 105 W University Dr

General Information

Standard status Active
Property subtype Retail

Building Details

Tenancy Multi
Listing Agency: Fortis Net Lease
Listed By: Doug Passon · License #MI 6502361821
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 6:52AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fortis Net Lease

Investment Insights

Based on property information with market context.

This two-tenant shopping center at 105 W University Dr in Tempe, Arizona, is occupied by Blaze Pizza and First Watch. The retail configuration combines food and service-oriented uses within a property positioned adjacent to Arizona State University.

Both tenant leases are structured as triple net, with minimal landlord responsibilities identified in the property information. The university-adjacent setting connects the center with the student and consumer activity associated with Arizona State University.

Key Highlights

  • Two‑tenant shopping center adjacent to Arizona State University
  • Occupied by Blaze Pizza and First Watch
  • Both leases are structured as triple net

Property Analytics

Current Use

Blaze Pizza Restaurant

Suggested Use

Top Pick Building Supply Auto Parts Store Auto Repair Shop Big Box & Wholesale Store Storage Facility Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

2,294
Businesses Nearby
202k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Dining 69% Apparel 9% Shops & Services 9% Leisure 6%
Chick-fil-A Dining
33,031 visits/mo 0.3 miles
Chili's Grill & Bar Dining
28,362 visits/mo 0.5 miles
Chipotle Mexican Grill Dining
18,614 visits/mo 0.2 miles
Jack in the Box Dining
13,708 visits/mo 0.3 miles
AMC Centerpoint 11 Leisure
13,061 visits/mo 0.4 miles

Demographics for 85281, AZ

69,218
Population
32,475
Households
2.1
Avg Household Size
26
Median Age
49%
College-Educated
91%
High-School Grad
13.3 sq mi
ZIP Area
5,204
Density / Sq Mi
$59,084
Median Household Income
$32,805
Median Earnings
$1,531
Median Rent
$364,200
Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Shopping center - Shopping center adjacent to Arizona State University with triple-net leases and food-oriented occupants.
Where is this shopping center located?
The property is located at 105 W University Dr Tempe, AZ.
What are key features of this property?
This property features: Two‑tenant shopping center adjacent to Arizona State University; Occupied by Blaze Pizza and First Watch; Both leases are structured as triple net
(248) 254-3406 Call to check price and availability
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