Two-Tenant Retail Shopping
For Sale
Contact for pricing
409 N Litchfield Rd, Goodyear, AZ 85338
Big Lots and Planet Fitness anchor the center, with renovated façades and tenant improvements supporting its retail configuration.
Property SizeContact for details
Days on Market144
Property Features for 409 N Litchfield Rd
General Information
Standard status
Active
Property subtype
Retail
Additional Details
Cap Rate
6.25%
Anchor Co-Tenants
Big Lots, Planet Fitness
Building Details
Tenancy
Multi
Listing Agency:
Colliers - Los Angeles - Orange County, California
(310) 430-7790
Listed By:
Adam Friedlander · License #01806555
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 30 at 6:22PM
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 Colliers - Los Angeles - Orange County, California
Investment Insights
Based on property information with market context.
This two-tenant retail shopping center at 409 N Litchfield Rd. is occupied by Big Lots and Planet Fitness, with both businesses serving as anchor tenants at Palm Valley Crossing Shopping Mall. Big Lots has operated at the center since 2009 and renewed for a 10-year lease commencing in 2024. Planet Fitness executed a new 10-year lease in 2022 covering 22,235 SF. EVgo also leases space for a charging station under a 10-year agreement signed in 2021. The property carries a 6.25% cap rate.
Building improvements include an updated Big Lots exterior façade and tenant improvements completed for Planet Fitness. Palm Valley Crossing is positioned at the northeast corner of N Litchfield Rd. and W Van Buren Street, approximately 0.5 miles south of the 10 Freeway. Goodyear is approximately 18 miles west of Phoenix.
Building improvements include an updated Big Lots exterior façade and tenant improvements completed for Planet Fitness. Palm Valley Crossing is positioned at the northeast corner of N Litchfield Rd. and W Van Buren Street, approximately 0.5 miles south of the 10 Freeway. Goodyear is approximately 18 miles west of Phoenix.
Key Highlights
- Two‑tenant retail center occupied by Big Lots and Planet Fitness
- 6.25% cap rate with 10‑year lease terms for Big Lots and Planet Fitness
- Planet Fitness lease covers 22,235 SF and was signed in 2022
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
872
Businesses Nearby
50k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 58%
Dining 35%
Hotels & Casinos 7%
Circle K
Shops & Services
10,552 visits/mo
0.4 miles
Wells Fargo
Shops & Services
10,533 visits/mo
0.4 miles
Taco Bell
Dining
9,848 visits/mo
0.2 miles
Church's Chicken
Dining
5,688 visits/mo
0.3 miles
Enterprise Rent-A-Car
Shops & Services
5,067 visits/mo
0.1 miles
Demographics for 85338, AZ
59,313
Population
23,748
Households
2.5
Avg Household Size
36
Median Age
32%
College-Educated
93%
High-School Grad
76.0 sq mi
ZIP Area
780
Density / Sq Mi
$99,345
Median Household Income
$49,057
Median Earnings
$1,822
Median Rent
$396,100
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Big Lots and Planet Fitness anchor the center, with renovated façades and tenant improvements supporting its retail configuration.
Where is this shopping center located?
The property is located at 409 N Litchfield Rd Goodyear, AZ.
What are key features of this property?
This property features: Two‑tenant retail center occupied by Big Lots and Planet Fitness; 6.25% cap rate with 10‑year lease terms for Big Lots and Planet Fitness; Planet Fitness lease covers 22,235 SF and was signed in 2022
