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Costco-Anchored Retail Space
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4523 East Thomas Road, Phoenix, AZ 85008

National retailers and several thousand nearby residential units support the surrounding trade area.

Property Size443,000 SF
Days on Market2

Property Features for 4523 East Thomas Road

General Information

Standard status Active
Size 443,000 SF
Property subtype Retail

Site & Location

Neighborhood Camelback East
Anchor Co-Tenants Costco, Target, Fry’s Food & Drug, Burlington, Ross, Petco, Five Below, Crunch Fitness, Trader Joe's
Traffic Count 99,000 vehicles/day

Additional Details

Tenant in Place Yes

Building Details

Building Size 443,000 SF
Tenancy Multi

Properties For Sale

at 4523 East Thomas Road Contact us

A109

Size 1,200 SF
Term Negotiable
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A113

Size 400 SF
Term Negotiable
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Listing Agency: Western Retail Advisors, LLC
Listed By: Bryan Ledbetter · License #SA115322000
Source: W-retail
Added: Oct 28 Last Checked: Oct 28 at 3:44PM

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 Western Retail Advisors, LLC

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

Retail space is available in a center anchored by Costco, Target, and Fry’s Food & Drug. Other national tenants include Burlington, Ross, Petco, Five Below, Crunch Fitness, and Trader Joe’s.

The center is at the intersection of 44th Street and Thomas Road, where traffic exceeds 99,000 vehicles per day. Loop 202, SR-51, SR-143, and Phoenix Sky Harbor International Airport are described as minutes away. Several thousand residential units, including established and newer apartment communities, are nearby.

Key Highlights

  • Anchored by Costco, Target, and Fry’s Food & Drug
  • National co‑tenants include Burlington, Ross, Petco, Five Below, Crunch Fitness, and Trader Joe’s
  • Over 99,000 vehicles per day at the intersection of 44th St & Thomas Rd

Property Analytics

Current Use

Five Below (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Building Supply Real Estate Agency Hair Salon Auto Parts Store Spa & Massage Center Big Box & Wholesale Store

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

99,000 VPD
Traffic count
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,242
Businesses Nearby

Demographics for 85008, AZ

59,047
Population
24,508
Households
2.4
Avg Household Size
30
Median Age
24%
College-Educated
75%
High-School Grad
10.2 sq mi
ZIP Area
5,789
Density / Sq Mi
$61,369
Median Household Income
$36,969
Median Earnings
$1,300
Median Rent
$323,600
Median Home Value

Market

Vacancy Rate% for Retail in Phoenix, AZ

8.5% 2019
8.7% 2020
7.4% 2021
5.6% 2022
5.1% 2023
5.4% 2024
5.3% 2025

Frequently Asked Questions

What type of property is this?
Retail space - National retailers and several thousand nearby residential units support the surrounding trade area.
Where is this retail space located?
The property is located at 4523 East Thomas Road Phoenix, AZ.
What are key features of this property?
This property features: Anchored by Costco, Target, and Fry’s Food & Drug; National co‑tenants include Burlington, Ross, Petco, Five Below, Crunch Fitness, and Trader Joe’s; Over 99,000 vehicles per day at the intersection of 44th St & Thomas Rd
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