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Cobblestone Village Shopping Center
For Sale
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Pending

1723 East Warner Road, Tempe, AZ 85284

Fully leased neighborhood center anchored by a grocery store and supported by national and local retailers.

Property Size98,005 SF
Lot Size7.71 Acres
Days on Market144

Property Features for 1723 East Warner Road

General Information

Standard status Pending
Size 98,005 SF
Lot size 7.71 Acres
Property subtype Retail
Occupancy 100%

Site & Location

Corner Location Yes
Anchor Co-Tenants Bashas’, Starbucks

Building Details

Tenancy Multi
Listing Agency: CBRE - Phoenix
Listed By: Andrew Fosberg · License #AZ SA535679000
Source: Crexi
Added: Apr 10 Changed: Aug 29 Last Checked: Aug 29 at 3:37PM

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

Investment Insights

Based on property information with market context.

Cobblestone Village is a ±98,005-square-foot neighborhood shopping center on 7.71 acres in Tempe, Arizona. The property is positioned at the southwest corner of Warner Road and McClintock Drive and is 100% leased. A recently renovated center layout accommodates a grocery anchor, complementary retail, personal services, health and wellness uses, and food service. Bashas’ leads the tenant mix, with Starbucks (NAP), Leslie’s Poolmart, Phenix Salon Suites, HonorHealth, Joyful Yoga Studio, Cobblestone Nail Salon, Arizona Hair Company, Mucha Lucha Tacos, and Quilter’s Ranch also identified at the property.

The center serves the South Tempe community within metropolitan Phoenix. Average household incomes exceed $95,000 within a 3-mile radius, and the tenant roster is oriented toward recurring daily-needs shopping and services. Bashas’, an Arizona-based grocery chain operating since 1932, has more than 130 supermarkets throughout the state.

Key Highlights

  • ±98,005‑square‑foot neighborhood shopping center on 7.71 acres
  • 100% leased with Bashas’ as the grocery anchor
  • Southwest corner of Warner Road and McClintock Drive in Tempe, Arizona

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Building Supply Law Firm Auto Repair Shop Big Box & Wholesale Store Grocery & Convenience Store Electrical Service

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

100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

541
Businesses Nearby
125k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 46% Shops & Services 17% Groceries 13% Home Improvements & Furnishings 11%
Raising Cane's Chicken Fingers Dining
33,386 visits/mo 0.2 miles
Bashas' Groceries
16,413 visits/mo 0.1 miles
Harbor Freight Tools Home Improvements & Furnishings
13,296 visits/mo 0.4 miles
Starbucks Dining
12,241 visits/mo 0.1 miles
Play It Again Sports Apparel
8,738 visits/mo 0.4 miles

Demographics for 85284, AZ

18,638
Population
7,589
Households
2.5
Avg Household Size
45
Median Age
69%
College-Educated
98%
High-School Grad
7.8 sq mi
ZIP Area
2,389
Density / Sq Mi
$154,663
Median Household Income
$64,288
Median Earnings
$2,162
Median Rent
$646,300
Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
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Similar Off Market Nearby

  • Cobblestone Village 1761 E Warner Rd Suite C6, Tempe, AZ 85284

Frequently Asked Questions

What type of property is this?
Shopping center - Fully leased neighborhood center anchored by a grocery store and supported by national and local retailers.
Where is this shopping center located?
The property is located at 1723 East Warner Road Tempe, AZ.
What are key features of this property?
This property features: ±98,005‑square‑foot neighborhood shopping center on 7.71 acres; 100% leased with Bashas’ as the grocery anchor; Southwest corner of Warner Road and McClintock Drive in Tempe, Arizona
More about this property
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