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Falcon Gateway Shopping Center
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4425 E McKellips Rd, Mesa, AZ 85215

Walmart-shadow-anchored retail center with national and regional tenants, including Staples, Dollar Tree, F45 Training, and Panda Express.

Property Size59,221 SF
Lot Size7.95 Acres
Days on Market141

Property Features for 4425 E McKellips Rd

General Information

Standard status Active
Size 59,221 SF
Lot size 7.95 Acres
Property subtype Retail

Site & Location

Corner Location Yes
Anchor Co-Tenants Walmart

Building Details

Tenancy Multi
Listing Agency: CBRE - Phoenix
Listed By: Zach Aulick · License #Arizona - SA566983000
Source: Crexi
Added: Apr 12 Changed: Aug 30 Last Checked: Aug 30 at 9:29AM

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 CBRE - Phoenix

Investment Insights

Based on property information with market context.

Falcon Gateway is a 59,221 square foot shopping center situated on 7.95 acres at the southeast corner of Greenfield Road and McKellips Road. Walmart serves as the shadow anchor, while the tenant roster includes Staples, Dollar Tree, F45 Training, and Panda Express. A planned 10 pump gas station along Greenfield Road is also associated with the Walmart store.

The property is near Falcon Field Airport, a general aviation facility reporting over 330,000 annual operations, more than 130 businesses, and 1,290+ jobs. The surrounding employment base includes The Boeing Company, CalPortland, and Amazon. Falcon Gateway is positioned within an area with ongoing and planned development, along a commercial corridor in Mesa’s East Valley.

Key Highlights

  • 59,221 square foot shopping center on 7.95 acres
  • Walmart‑shadow‑anchored center with a planned 10 pump gas station
  • Tenants include Staples, Dollar Tree, F45 Training, and Panda Express

Property Analytics

Current Use

Panda Express Restaurant Great Clips Hair Salon Walmart Deli Food Market Subway Take-out & Catering F45 Training Red ... Gym & Fitness Center

Suggested Use

Top Pick Storage Facility Hair Salon Restaurant Nail Salon Grocery & Convenience Store Bakery

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

Location Intelligence

Trade Area within ½ mile

600
Businesses Nearby
223k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Superstores 55% Dining 19% Shops & Services 17% Office Supplies 6%
Walmart Superstores
123,264 visits/mo 0.2 miles
Dollar Tree Shops & Services
22,889 visits/mo 0.1 miles
Starbucks Dining
14,781 visits/mo
Staples Office Supplies
14,163 visits/mo 0.2 miles
Wells Fargo Shops & Services
12,444 visits/mo 0.1 miles

Demographics for 85215, AZ

16,461
Population
9,146
Households
1.8
Avg Household Size
56
Median Age
36%
College-Educated
96%
High-School Grad
82.8 sq mi
ZIP Area
199
Density / Sq Mi
$90,310
Median Household Income
$55,687
Median Earnings
$1,755
Median Rent
$398,400
Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Shopping center - Walmart-shadow-anchored retail center with national and regional tenants, including Staples, Dollar Tree, F45 Training, and Panda Express.
Where is this shopping center located?
The property is located at 4425 E McKellips Rd Mesa, AZ.
What are key features of this property?
This property features: 59,221 square foot shopping center on 7.95 acres; Walmart‑shadow‑anchored center with a planned 10 pump gas station; Tenants include Staples, Dollar Tree, F45 Training, and Panda Express
More about this property
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