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Apache Boulevard Retail Suite
New
For Lease
$1,950/Mo

1878 E Apache Boulevard, Tempe, AZ 85281

Retail space within a shopping center near light rail, Arizona State University, and established apartment communities.

Space SizeContact for details
Days on Market2

Property Features for 1878 E Apache Boulevard

General Information

Standard status Active

Building Details

Year Built 1974
Tenancy Multi
Listing Agency: LRA Real Estate Group, LLC
Listed By: Don T Mortensen · License #BR529840000
Source: Mendozateam
Added: Sep 16 Changed: Sep 17 Last Checked: Sep 16 at 8:13PM

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 LRA Real Estate Group, LLC

Investment Insights

Based on property information with market context.

This retail suite offers 8,710 square feet within a shopping center completed in 1974. The property is part of an established commercial setting with neighboring businesses that include a barber shop, convenience store, vintage clothing store, and Indian restaurant.

Positioned on Apache Boulevard in Tempe, the suite benefits from car and pedestrian activity associated with nearby light rail, Arizona State University, and several upscale apartment complexes. The surrounding tenant mix adds a range of daily-needs, service, apparel, and restaurant uses to the immediate setting.

Key Highlights

  • 8,710‑square‑foot retail suite
  • Shopping center property built in 1974
  • Located on Apache Boulevard in Tempe

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Dental Office Pharmacy Veterinary Clinic (Bike/Boat/Book/etc) Store Garden Center Pet 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

Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
$0.40 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,533
Businesses Nearby
11k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 85% Home Improvements & Furnishings 12% Electronics 3%
7-Eleven Shops & Services
4,155 visits/mo 0.4 miles
CubeSmart Self Storage Shops & Services
1,998 visits/mo 0.4 miles
U-Haul Shops & Services
1,378 visits/mo 0.1 miles
Ferguson Home Improvements & Furnishings
1,341 visits/mo 0.3 miles
CubeSmart Self Storage Shops & Services
670 visits/mo 0.5 miles

Demographics for 85281, AZ

69,218
Population
32,475
Households
2.1
Avg Household Size
26
Median Age
49%
College-Educated
91%
High-School Grad
13.3 sq mi
ZIP Area
5,204
Density / Sq Mi
$59,084
Median Household Income
$32,805
Median Earnings
$1,531
Median Rent
$364,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Tempe, AZ

$17.53 /SF/Yr
Avg Asking Price
$11–$26 /SF/Yr
Price Range
32,356 SF
Avg Space Size

This space is priced 85% below the average of $17.53 /SF/Yr.

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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Frequently Asked Questions

What type of property is this?
Retail space - Retail space within a shopping center near light rail, Arizona State University, and established apartment communities.
Where is this retail space located?
The property is located at 1878 E Apache Boulevard Tempe, AZ.
What is the lease rate?
The lease rate is $1,950/Mo.
What are key features of this property?
This property features: 8,710‑square‑foot retail suite; Shopping center property built in 1974; Located on Apache Boulevard in Tempe
More about this property
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