Grocery-Anchored Neighborhood Strip
For Sale
Contact for pricing
Pending
4227 S Central Avenue, Phoenix, AZ 85040
Fee simple opportunity featuring a grocery-anchored strip center currently 96% occupied on NNN leases.
Property SizeContact for details
Days on Market126
Property Features for 4227 S Central Avenue
General Information
Standard status
Pending
Property subtype
Retail
Occupancy
96%
Site & Location
Traffic Count
42,300 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Tenancy
Multi
Listing Agency:
SRS Real Estate Partners Newport Beach
Listed By:
John Redfield · License #CA 01928036
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Aug 12 at 7:21AM
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 SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
Rancho Grande Plaza is a neighborhood strip center offered as a fee simple acquisition. The property is described as 96% occupied and grocery anchored by El Rancho Grande Supermarket, operating at the location since 1996. The supermarket renewed its lease in 2016 for 10 years, with approximately 7 years remaining on the initial term and one 5-year option period. The lease includes 4% annual rental increases. The offering also states that all tenants are on NNN lease structures.
The center is located near the signalized, hard-corner intersection of S. Central Avenue and E. Broadway Road (42,300 combined vehicles per day), with visibility and access. It is about 1.5 miles south of Interstate 17 (124,300 vehicles per day) with on/off-ramp access. The site features two large pylon signs for added tenant visibility.
The center is located near the signalized, hard-corner intersection of S. Central Avenue and E. Broadway Road (42,300 combined vehicles per day), with visibility and access. It is about 1.5 miles south of Interstate 17 (124,300 vehicles per day) with on/off-ramp access. The site features two large pylon signs for added tenant visibility.
Key Highlights
- Fee simple ownership of Rancho Grande Plaza, a grocery‑anchored neighborhood strip center in Phoenix, AZ
- Currently 96% occupied with a tenant roster on NNN leases (expense responsibility structure outlined as NNN)
- Anchored by El Rancho Grande Supermarket operating at this location since 1996
Property Analytics
Current Use
Lease Details
42,300 VPD
Traffic count
96%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
512
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 85040, AZ
33,993
Population
11,962
Households
2.8
Avg Household Size
30
Median Age
15%
College-Educated
69%
High-School Grad
10.1 sq mi
ZIP Area
3,366
Density / Sq Mi
$57,890
Median Household Income
$36,355
Median Earnings
$1,193
Median Rent
$294,800
Median Home Value
Market
Vacancy Rate% for Retail in Phoenix, AZ
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Frequently Asked Questions
What type of property is this?
Shopping center - Fee simple opportunity featuring a grocery-anchored strip center currently 96% occupied on NNN leases.
Where is this shopping center located?
The property is located at 4227 S Central Avenue Phoenix, AZ.
What are key features of this property?
This property features: Fee simple ownership of Rancho Grande Plaza, a grocery‑anchored neighborhood strip center in Phoenix, AZ; Currently 96% occupied with a tenant roster on NNN leases (expense responsibility structure outlined as NNN); Anchored by El Rancho Grande Supermarket operating at this location since 1996
