West Highlands Shopping Center For Sale

6544 W Thomas Rd, Phoenix, AZ

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For Sale

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82,515 SF shopping center shadow-anchored by Food City.

Type:RETAIL

Property size:

82,396 SF

Lot size:

6.94 Acres

Price / SF:

$208/SF

HighLights

High occupancy rate (over 92%) indicates strong tenant demand and income stability.
Shadow‑anchored by a high‑volume Food City, driving significant customer traffic.
Strong demographics with a large daytime population and residential base.
Diverse tenant mix with recognizable national brands.
Centrally located with easy access to Interstate 10 and Phoenix Sky Harbor International Airport.
Professionally managed and maintained for over 15 years.

We can help!

Listing Contact

Ari Spiro

For Sale

Contact for pricing

82,515 SF shopping center shadow-anchored by Food City.

Type:RETAIL

Property size:

82,396 SF

Lot size:

6.94 Acres

Price / SF:

$208/SF

Added:: Jun 25, 2019
Days on Market:: 2545
Last Refresh:: May 19 at 9:34 pm

Property Features for 6544 W Thomas Rd

General Information

Standard status: Active
Size: 82,396 SF
Lot size: 6.94 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Ari Spiro

Listing agent Ari Spiro

Listing office ORION Investment Real Estate

Listing date Jun 25, 2019

Source Moodyscre

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 ORION Investment Real Estate

HighLights

High occupancy rate (over 92%) indicates strong tenant demand and income stability.
Shadow‑anchored by a high‑volume Food City, driving significant customer traffic.
Strong demographics with a large daytime population and residential base.
Diverse tenant mix with recognizable national brands.
Centrally located with easy access to Interstate 10 and Phoenix Sky Harbor International Airport.
Professionally managed and maintained for over 15 years.

Overview

The West Highlands Shopping Center, constructed in 1979, offers 82,515 square feet of retail space. Shadow-anchored by a high-volume Food City, the property maintains a historically high occupancy rate and is currently over 92% occupied. The center has attracted a diverse mix of recognizable tenants, including Family Dollar, Gen-X Clothing, Sherwin-Williams, Cricket Wireless, Pizza Patron, Jackson Hewitt, and Subway Sandwiches. The property benefits from a daytime population exceeding 545,000 and a residential population of 203,000 within a three-mile radius. Located one mile from Interstate 10 and 20 minutes from Phoenix Sky Harbor International Airport, this centrally located neighborhood center has been professionally managed and maintained for over 15 years under the current ownership. The property is scheduled to have a fresh, updated color scheme, approved by Food City, this summer and is expected to continue to thrive.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$1.48M	$18.00
− Vacancy	−$152.8k	−$1.85
EGI	$1.33M	$16.15
− OpEx	−$399.1k	−$4.84
NOI	$931.3k	$11.30

82,396 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%

Alternative Uses

Best Use

Retail

$13.30M

$11.64M – $15.52M (±1% cap)

NOI $931,256 @ 7.0% cap · market cap 5.43%

Second Best

—

no second resolved use

Theoretical Best

Office A

$24.96M

$21.84M – $29.12M (±1% cap)

NOI $1,747,092 @ 7.0% cap · market cap 10.19%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Accident Doctors Phoenix Medical Clinic Access Auto Insurance Insurance Agency Good China Restaurant Restaurant Aldo's Hot Wings Restaurant Herbalife Restaurant

Suggested Use

Similar Places Nearby

Market Place — Unnamed Road, Phoenix, AZ 85033
Maryvale Village — 6645 W Thomas Rd, Phoenix, AZ 85035

Location Insight

Map
Local Demand

City: Phoenix
County: Maricopa
State: Arizona
Longitude: -112.203
Latitude: 33.4815

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For sale
Shopping centers
AZ
Phoenix
6544 W Thomas Rd

What type of property is this?

Shopping center - 82,515 SF shopping center shadow-anchored by Food City.

Where is this shopping center located?

The property is located at 6544 W Thomas Rd Phoenix, AZ.

What is the asking price?

The asking price for this property is $17,150,000.

What are key features of this property?

This property features: High occupancy rate (over 92%) indicates strong tenant demand and income stability.; Shadow‑anchored by a high‑volume Food City, driving significant customer traffic.; Strong demographics with a large daytime population and residential base.