Grocery-Anchored Neighborhood Strip
4227 S Central Avenue Phoenix, AZ 85040
For Sale
Contact for pricing
Pending
Fee simple opportunity featuring a grocery-anchored strip center currently 96% occupied on NNN leases.
Days on Market106
Property Features for 4227 S Central Avenue
General Information
- Standard status
- Pending
- Property subtype
- Retail
Listing Agency:
SRS Real Estate Partners Newport Beach
Listed By:
John Redfield · License #CA 01928036
Source:
Crexi
Added: Apr 10
Changed: Jul 22
Last Checked: Jul 22 at 4:05PM
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 SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
Rancho Grande Plaza is a neighborhood strip center offered as a fee simple acquisition. The property is described as 96% occupied and grocery anchored by El Rancho Grande Supermarket, operating at the location since 1996. The supermarket renewed its lease in 2016 for 10 years, with approximately 7 years remaining on the initial term and one 5-year option period. The lease includes 4% annual rental increases. The offering also states that all tenants are on NNN lease structures.
The center is located near the signalized, hard-corner intersection of S. Central Avenue and E. Broadway Road (42,300 combined vehicles per day), with visibility and access. It is about 1.5 miles south of Interstate 17 (124,300 vehicles per day) with on/off-ramp access. The site features two large pylon signs for added tenant visibility.
The center is located near the signalized, hard-corner intersection of S. Central Avenue and E. Broadway Road (42,300 combined vehicles per day), with visibility and access. It is about 1.5 miles south of Interstate 17 (124,300 vehicles per day) with on/off-ramp access. The site features two large pylon signs for added tenant visibility.
Key Highlights
- Fee simple ownership of Rancho Grande Plaza, a grocery‑anchored neighborhood strip center in Phoenix, AZ
- Currently 96% occupied with a tenant roster on NNN leases (expense responsibility structure outlined as NNN)
- Anchored by El Rancho Grande Supermarket operating at this location since 1996
Property Analytics
Location Intelligence
Current Use by Public Records
Carnicerias Rancho Grande
Grocery & Convenience Store
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FAQs
What type of property is this?
Shopping center - Fee simple opportunity featuring a grocery-anchored strip center currently 96% occupied on NNN leases.
Where is this shopping center located?
The property is located at 4227 S Central Avenue Phoenix, AZ.
What are key features of this property?
This property features: Fee simple ownership of Rancho Grande Plaza, a grocery‑anchored neighborhood strip center in Phoenix, AZ; Currently 96% occupied with a tenant roster on NNN leases (expense responsibility structure outlined as NNN); Anchored by El Rancho Grande Supermarket operating at this location since 1996
