Freestanding NNN Retail
For Sale
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1050 W Elliot Rd, Tempe, AZ 85284
Single-tenant retail facility occupied under an absolute NNN lease with no landlord responsibilities.
Property Size87,900 SF
Days on Market142
Property Features for 1050 W Elliot Rd
General Information
Standard status
Active
Size
87,900 SF
Property subtype
Retail
Occupancy
100%
Site & Location
Anchor Co-Tenants
Costco, Walmart, Home Depot
Traffic Count
59,000 vehicles/day
Building Details
Year Built
2019
Buildings
1
Tenancy
Single
Listing Agency:
JLL Phoenix
Listed By:
Nick Franklin · License #AZ0138
Source:
Crexi
Added: Apr 13
Changed: Aug 31
Last Checked: Aug 30 at 5:40AM
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 JLL Phoenix
Investment Insights
Based on property information with market context.
The 87,900-square-foot freestanding retail building at 1050 W Elliot Road in Tempe was completed in 2019 as a build-to-suit for At Home. The property is fully leased to At Home Stores LLC under a 15-year absolute NNN agreement, with annual rent increases, four five-year renewal options, and a corporate guaranty. The lease provides for zero landlord responsibilities.
The building is part of the Groves Shopping Centers, a retail destination with Walmart and Home Depot as national anchors and approximately 3.6 million annual visitors. Costco and Walmart also provide shadow-anchor support. The site fronts Elliott Road, which carries 59,000 VPD, and is located 7 miles from downtown Phoenix. Within five miles, the surrounding population is 292,000 residents with average household income exceeding $113,000.
The property offers a single-tenant retail configuration with established occupancy and a long-term lease structure. At Home operates a home décor concept serving multiple household categories.
The building is part of the Groves Shopping Centers, a retail destination with Walmart and Home Depot as national anchors and approximately 3.6 million annual visitors. Costco and Walmart also provide shadow-anchor support. The site fronts Elliott Road, which carries 59,000 VPD, and is located 7 miles from downtown Phoenix. Within five miles, the surrounding population is 292,000 residents with average household income exceeding $113,000.
The property offers a single-tenant retail configuration with established occupancy and a long-term lease structure. At Home operates a home décor concept serving multiple household categories.
Key Highlights
- 87,900‑square‑foot freestanding retail building completed in 2019
- 100% leased to At Home Stores LLC under a 15‑year absolute NNN lease
- 10.8 years of remaining primary lease term with annual rent increases
Property Analytics
Property Profile
Current Use
Lease Details
59,000 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,116
Businesses Nearby
642k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 45%
Shops & Services 26%
Dining 17%
Apparel 6%
Walmart
Superstores
154,504 visits/mo
0.3 miles
Costco Wholesale
Superstores
133,981 visits/mo
0.4 miles
Costco Gasoline
Shops & Services
50,001 visits/mo
0.3 miles
QuikTrip
Shops & Services
40,859 visits/mo
0.1 miles
Olive Garden
Dining
26,369 visits/mo
0.1 miles
Demographics for 85284, AZ
18,638
Population
7,589
Households
2.5
Avg Household Size
45
Median Age
69%
College-Educated
98%
High-School Grad
7.8 sq mi
ZIP Area
2,389
Density / Sq Mi
$154,663
Median Household Income
$64,288
Median Earnings
$2,162
Median Rent
$646,300
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Single-tenant retail facility occupied under an absolute NNN lease with no landlord responsibilities.
Where is this nnn property located?
The property is located at 1050 W Elliot Rd Tempe, AZ.
What are key features of this property?
This property features: 87,900‑square‑foot freestanding retail building completed in 2019; 100% leased to At Home Stores LLC under a 15‑year absolute NNN lease; 10.8 years of remaining primary lease term with annual rent increases
