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Large Retail Space
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940 E Baseline Rd, Tempe, AZ 85282

Approximately 30,000 SF available near Arizona Mills and Tempe Marketplace.

Property Size30,000 SF
Days on Market485

Property Features for 940 E Baseline Rd

General Information

Standard status Active
Size 30,000 SF
Property subtype RETAIL

Additional Details

Business Included No
Listing Agency: Western Retail Advisors, LLC
Listed By: Katelyn Nassar · License #SA573326000
Source: Moodyscre
Added: Apr 2, 2025 Changed: Jul 28 Last Checked: Jul 29 at 4:04PM

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 Western Retail Advisors, LLC

Investment Insights

Based on property information with market context.

A large retail space totaling approximately 30,000 SF is available for lease. The property is being marketed as offering a high level of visibility and foot traffic.

The site is described as being in close proximity to major attractions including Arizona Mills and Tempe Marketplace, surrounded by a dynamic mix of nearby retailers, restaurants, and entertainment venues. This positioning may appeal to retail operators looking to serve established daytime and evening foot traffic drawn to the area.

If you’d like, I can help coordinate a tour and share any available leasing materials or details beyond the public remarks.

Key Highlights

  • Approximately 30,000 SF of space available
  • Located near Arizona Mills
  • Near Tempe Marketplace

Property Analytics

Current Use

Big Lots Furniture & Home Goods

Suggested Use

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

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,479
Businesses Nearby
222k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 44% Shops & Services 34% Home Improvements & Furnishings 15% Hotels & Casinos 5%
QuikTrip Shops & Services
38,181 visits/mo 0.0 miles
Lowe's Home Improvements & Furnishings
33,198 visits/mo 0.3 miles
McDonald's Dining
23,120 visits/mo 0.3 miles
Wendy's Dining
13,963 visits/mo 0.2 miles
Chipotle Mexican Grill Dining
12,860 visits/mo 0.1 miles

Demographics for 85282, AZ

52,351
Population
25,667
Households
2
Avg Household Size
33
Median Age
44%
College-Educated
94%
High-School Grad
11.1 sq mi
ZIP Area
4,716
Density / Sq Mi
$79,084
Median Household Income
$43,863
Median Earnings
$1,627
Median Rent
$370,000
Median Home Value

Market

Lease Benchmarks for Tempe, AZ

$16.38 /SF/Yr
Avg Asking Price
$15–$18 /SF/Yr
Price Range
61,201 SF
Avg Space Size

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?
Retail space - Approximately 30,000 SF available near Arizona Mills and Tempe Marketplace.
Where is this retail space located?
The property is located at 940 E Baseline Rd Tempe, AZ.
What are key features of this property?
This property features: Approximately 30,000 SF of space available; Located near Arizona Mills; Near Tempe Marketplace
(602) 778-3781 Call to check price and availability
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