Multi-Tenant Retail Shopping
For Sale
Contact for pricing
Pending
3831 E Thunderbird Rd, Phoenix, AZ 85032
Paradise Square is a two-building retail center featuring ample field parking and hard-corner exposure.
Property Size98,599 SF
Lot Size7.12 Acres
Days on Market145
Property Features for 3831 E Thunderbird Rd
General Information
Standard status
Pending
Size
98,599 SF
Lot size
7.12 Acres
Property subtype
Retail
Occupancy
91%
Site & Location
Traffic Count
46,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1987
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Phoenix
Listed By:
Douglas Fielding Jr. · License #AZ SA64789000
Source:
Crexi
Added: Apr 11
Changed: Aug 13
Last Checked: Sep 1 at 6:09AM
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 Marcus & Millichap - Phoenix
Investment Insights
Based on property information with market context.
Paradise Square is a multi-tenant retail shopping center comprising two multi-tenant buildings totaling 98,599 square feet. Constructed in 1987, the property includes storefronts facing northward and eastward, low-maintenance landscaping, and parking designed for both customers and tenant operations. Parking is available upfront, with additional parking in the back of the buildings for staff and deliveries.
The center sits on one parcel and occupies the southwest corner of 40th Street and Thunderbird Road, with multiple ingress/egress and frontage along both roadways. Visibility is supported by traffic counts reported as over 46,000 vehicles per day at the intersection. The tenant mix includes Goodwill, Youfit Health Club, and Panda Express, and the asset is reported as 91.2% leased. A 15,000-square-foot CVS is located adjacent to the property (not part of the offering).
In addition to the hard-corner location, the surrounding retail environment includes a single-tenant Fry’s Grocery and Fuel Center (Kroger) across the street to the east and the Paradise Valley Mall nearby. Convenient regional access is noted via the 51 Freeway and Loop 101 Freeway.
The center sits on one parcel and occupies the southwest corner of 40th Street and Thunderbird Road, with multiple ingress/egress and frontage along both roadways. Visibility is supported by traffic counts reported as over 46,000 vehicles per day at the intersection. The tenant mix includes Goodwill, Youfit Health Club, and Panda Express, and the asset is reported as 91.2% leased. A 15,000-square-foot CVS is located adjacent to the property (not part of the offering).
In addition to the hard-corner location, the surrounding retail environment includes a single-tenant Fry’s Grocery and Fuel Center (Kroger) across the street to the east and the Paradise Valley Mall nearby. Convenient regional access is noted via the 51 Freeway and Loop 101 Freeway.
Key Highlights
- Two multi‑tenant retail buildings totaling 98,599 SF in Paradise Valley, AZ
- 91.2% leased to established national and regional tenants, including Goodwill, Youfit Health Club, and Panda Express
- Southwest corner of 40th St and Thunderbird Rd with hard‑corner exposure and frontage on both roads
Property Analytics
Property Profile
Current Use
Lease Details
46,000 VPD
Traffic count
91.2%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
342
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85032, AZ
68,710
Population
30,386
Households
2.3
Avg Household Size
38
Median Age
34%
College-Educated
89%
High-School Grad
12.4 sq mi
ZIP Area
5,541
Density / Sq Mi
$74,331
Median Household Income
$44,790
Median Earnings
$1,492
Median Rent
$387,900
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 - Paradise Square is a two-building retail center featuring ample field parking and hard-corner exposure.
Where is this shopping center located?
The property is located at 3831 E Thunderbird Rd Phoenix, AZ.
What are key features of this property?
This property features: Two multi‑tenant retail buildings totaling 98,599 SF in Paradise Valley, AZ; 91.2% leased to established national and regional tenants, including Goodwill, Youfit Health Club, and Panda Express; Southwest corner of 40th St and Thunderbird Rd with hard‑corner exposure and frontage on both roads
