Fully Leased Multi-Tenant Retail
For Sale
Contact for pricing
3605 S Gilbert Road, Gilbert, AZ 85297
Fully leased retail center with a multi-tenant mix and a 4.87-year weighted average lease term.
Property Size6,007 SF
Price / SF$657.57
Days on Market99
Property Features for 3605 S Gilbert Road
General Information
Standard status
Active
Size
6,007 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Net Operating Income
$219,664
Additional Details
Cap Rate
5.56%
Building Details
Tenancy
Multi
Listing Agency:
Diversified Partners
Listed By:
John Jackson · License #SA586080000
(602) 400-5084
Source:
Crexi
Added: May 30
Changed: Aug 20
Last Checked: Sep 4 at 9:06AM
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 Diversified Partners
Investment Insights
Based on property information with market context.
Rivulon Shops is a 6,007-square-foot, fully leased multi-tenant retail center with an NOI of $219,664. The property is offered for $3,950,000 and reflects a 5.56% cap rate, based on the current in-place income. The center is designed with a modern, high-quality construction and a pedestrian-friendly environment, supporting a curated mix of dining, service, wellness, and lifestyle-oriented retail uses.
The center is positioned adjacent to the Rivulon campus, a mixed-use destination that continues to draw a broad range of users, including major employers, healthcare-related users, hospitality operators, and new residential development. This setting is intended to support both daytime activity from nearby corporate and medical users and additional evening and weekend consumer demand. Regional connectivity is enhanced by Loop 202 and nearby arterial roadways, improving access for local residents and East Valley commuters.
For tenants, investors, and buyers, Rivulon Shops offers an operating retail asset anchored by a balanced tenant roster and fully leased occupancy. With a 4.87-year weighted average lease term, the property provides continuity of income and a stable platform for a retail-oriented business plan within the broader Rivulon master-planned development.
The center is positioned adjacent to the Rivulon campus, a mixed-use destination that continues to draw a broad range of users, including major employers, healthcare-related users, hospitality operators, and new residential development. This setting is intended to support both daytime activity from nearby corporate and medical users and additional evening and weekend consumer demand. Regional connectivity is enhanced by Loop 202 and nearby arterial roadways, improving access for local residents and East Valley commuters.
For tenants, investors, and buyers, Rivulon Shops offers an operating retail asset anchored by a balanced tenant roster and fully leased occupancy. With a 4.87-year weighted average lease term, the property provides continuity of income and a stable platform for a retail-oriented business plan within the broader Rivulon master-planned development.
Key Highlights
- 6,007 SF, fully leased multi‑tenant retail center (Rivulon Shops)
- Generates $219,664 NOI and is offered at $3,950,000 (5.56% cap rate)
- 4.87‑year weighted average lease term
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,019
Businesses Nearby
343k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 42%
Apparel 29%
Shops & Services 23%
Dining 3%
Target
Superstores
144,062 visits/mo
0.5 miles
T.J. Maxx
Apparel
49,686 visits/mo
0.3 miles
Five Below
Shops & Services
33,006 visits/mo
0.3 miles
Ross Dress for Less
Apparel
32,471 visits/mo
0.4 miles
Michaels
Shops & Services
28,105 visits/mo
0.3 miles
Demographics for 85297, AZ
36,076
Population
11,146
Households
3.2
Avg Household Size
33
Median Age
45%
College-Educated
99%
High-School Grad
10.7 sq mi
ZIP Area
3,372
Density / Sq Mi
$132,684
Median Household Income
$59,991
Median Earnings
$2,083
Median Rent
$559,200
Median Home Value
Market
Vacancy Rate% for Retail in West region
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Similar Off Market Nearby
- Mill Crossing — 2100 S Gilbert Rd, Chandler, AZ 85286
- Crossroads Towne Center — 2630 E Germann Rd, Chandler, AZ 85286
- Crossroads Towne Center — 3757 S Gilbert Rd, Chandler, AZ 85286
Frequently Asked Questions
What type of property is this?
Shopping center - Fully leased retail center with a multi-tenant mix and a 4.87-year weighted average lease term.
Where is this shopping center located?
The property is located at 3605 S Gilbert Road Gilbert, AZ.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: 6,007 SF, fully leased multi‑tenant retail center (Rivulon Shops); Generates $219,664 NOI and is offered at $3,950,000 (5.56% cap rate); 4.87‑year weighted average lease term
