Corner Shopping
1709 East Broadway Road, Tempe, AZ 85282
For Sale
Contact for pricing
An occupied retail property with service, restaurant, and daily-needs businesses at a major Tempe intersection.
Property Size27,000 SF
Lot Size2.37 Acres
Price / SF$280
Days on Market21
Property Features for 1709 East Broadway Road
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Corner Location
Traffic Count
Road Access
Additional Details
Tenant in Place
Building Details
Tenancy
Listing Agency:
CBRE - Phoenix
Listed By:
Zach Aulick · License AZ SA566983000
Source:
Crexi
Added: Oct 21
Changed: Nov 8
Last Checked: Nov 8 at 2:16PM
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 CBRE - Phoenix
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This occupied shopping center contains approximately 27,000 square feet of rentable space on a 2.37-acre parcel. Its tenant mix includes service businesses, restaurants, and daily-needs retailers. The property sits at the southwest corner of East Broadway Road and South McClintock Drive in Tempe, with multiple access points. The intersection carries more than 77,000 vehicles per day, and Loop 101 is less than one mile away.
Arizona State University’s main campus is approximately 1.5 miles southeast. More than 2,500 apartment units are within a one-mile radius; the surrounding population is approximately 168,000 within three miles and nearly 368,000 within five miles.
Arizona State University’s main campus is approximately 1.5 miles southeast. More than 2,500 apartment units are within a one-mile radius; the surrounding population is approximately 168,000 within three miles and nearly 368,000 within five miles.
Key Highlights
- Approximately 27,000 square feet of rentable retail space on 2.37 acres
- Occupied by a mix of service, restaurant, and daily‑needs tenants
- Southwest corner of East Broadway Road and South McClintock Drive, with multiple access points
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$314,685
Cap Rate
4.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,293,700
$6.3M
Cap Rate 7%
$4,495,500
$4.5M
Cap Rate 9%
$3,496,500
$3.5M
Market Conditions
NOI Build-Up for 27,000 SF
Gross rent
$486.0K $18.00/SF
− Vacancy
−$36.5K −$1.35/SF
EGI
$449.6K $16.65/SF
− OpEx
−$134.9K −$5.00/SF
NOI
$314.7K $11.66/SF
Area
Tempe, AZ
Vacancy
7.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,293,700
Cap Rate 7%
$4,495,500
Cap Rate 9%
$3,496,500
Alternative Uses
Best Use
Retail
$4.50M
$3.93M – $5.24M
NOI $314,685 @ 7.0% cap · market cap 4.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.49M
$7.43M – $9.91M
NOI $594,335 @ 7.0% cap · market cap 7.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
77,000 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,095
Businesses Nearby
66k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 65%
Shops & Services 32%
Home Improvements & Furnishings 2%
Beauty & Spa 2%
Burger King
Dining
12,545 visits/mo
0.1 miles
Ted's Hot Dogs
Dining
11,166 visits/mo
0.1 miles
Native Grill & Wings
Dining
9,280 visits/mo
0.4 miles
Chevron
Shops & Services
9,041 visits/mo
0.1 miles
Dunkin' Donuts
Dining
6,955 visits/mo
0.0 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Shopping centers in Maricopa County
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Shopping center - An occupied retail property with service, restaurant, and daily-needs businesses at a major Tempe intersection.
Where is this shopping center located?
The property is located at 1709 East Broadway Road Tempe, AZ.
What is the asking price?
The asking price for this property is $7,560,000.
What are key features of this property?
This property features: Approximately 27,000 square feet of rentable retail space on 2.37 acres; Occupied by a mix of service, restaurant, and daily‑needs tenants; Southwest corner of East Broadway Road and South McClintock Drive, with multiple access points
