3831 E Thunderbird Rd Phoenix, AZ 85032

Listing agency Marcus & Millichap - Phoenix

Listed by Douglas Fielding Jr. · License #AZ SA64789000

Source Crexi

Added: Apr 11 Updated: Jul 22 at 8:14PM Checked: Jul 23 at 5:58AM

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Investment Insights

Based on property information with market context.

Paradise Square is a multi-tenant retail shopping center comprising two multi-tenant buildings totaling 98,599 square feet. Constructed in 1987, the property includes storefronts facing northward and eastward, low-maintenance landscaping, and parking designed for both customers and tenant operations. Parking is available upfront, with additional parking in the back of the buildings for staff and deliveries.

The center sits on one parcel and occupies the southwest corner of 40th Street and Thunderbird Road, with multiple ingress/egress and frontage along both roadways. Visibility is supported by traffic counts reported as over 46,000 vehicles per day at the intersection. The tenant mix includes Goodwill, Youfit Health Club, and Panda Express, and the asset is reported as 91.2% leased. A 15,000-square-foot CVS is located adjacent to the property (not part of the offering).

In addition to the hard-corner location, the surrounding retail environment includes a single-tenant Fry’s Grocery and Fuel Center (Kroger) across the street to the east and the Paradise Valley Mall nearby. Convenient regional access is noted via the 51 Freeway and Loop 101 Freeway.

Key Highlights

• Two multi‑tenant retail buildings totaling 98,599 SF in Paradise Valley, AZ
• 91.2% leased to established national and regional tenants, including Goodwill, Youfit Health Club, and Panda Express
• Southwest corner of 40th St and Thunderbird Rd with hard‑corner exposure and frontage on both roads

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FAQs

What type of property is this?

Shopping center - Paradise Square is a two-building retail center featuring ample field parking and hard-corner exposure.

Where is this shopping center located?

The property is located at 3831 E Thunderbird Rd Phoenix, AZ.

What are key features of this property?

This property features: Two multi‑tenant retail buildings totaling 98,599 SF in Paradise Valley, AZ; 91.2% leased to established national and regional tenants, including Goodwill, Youfit Health Club, and Panda Express; Southwest corner of 40th St and Thunderbird Rd with hard‑corner exposure and frontage on both roads