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Retail Space in High-Traffic Area
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740 S Mill Ave, Tempe, AZ

Retail space in Tempe with high pedestrian traffic.

Space Size8,015 SF
Lot Size5.25 Acres
Days on Market860

Property Features for 740 S Mill Ave

General Information

Standard status Active
Size 8,015 SF
Lot size 5.25 Acres
Property subtype RETAIL

Spaces For Lease

at 740 S Mill Ave Contact us

740 S Mill Ave

Floor
1
Size
8,015 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
No
• Vibrant and walkable street environment with high volume pedestrian foot traffic •...
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Listing Agency: Edge Realty Partners - Phoenix
Listed By: LeDonna Spongberg
Source: Moodyscre
Added: Apr 3, 2024 Changed: Aug 8 Last Checked: Aug 9 at 5:20AM

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 Edge Realty Partners - Phoenix

Investment Insights

Based on property information with market context.

This retail space is situated in a vibrant and walkable street environment characterized by high pedestrian foot traffic. The location benefits from an extremely high daytime population, with over 612,000 people within a 5-mile radius. The property is part of the City of Tempe's $20 million Mill Ave Renovation Project. Within one mile of Centerpoint, there are 1,378 hotel rooms that have been delivered, are under construction, or are in the planning stages over the last 36 months. The property offers 8,015 square feet of retail space.

Key Highlights

  • High volume pedestrian foot traffic in a vibrant, walkable street environment.
  • Extremely high Daytime Population (+612,000) within a 5 Mile Radius.
  • Part of the City Of Tempe's $20 Million Mill Ave Renovation Project.

Property Analytics

Current Use

Dragon Tea Cafe & Coffee Shop Audacious Studios Marketing & Advertising University Sports Grill Bar & Pub Dr Pattoff Inc Physician Dorrance Scholarship Programs Association Or Organization

Suggested Use

Top Pick Building Supply Dental Office Auto Repair Shop Big Box & Wholesale Store Auto Parts Store Storage Facility

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

2,237
Businesses Nearby
202k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 74% Apparel 9% Shops & Services 9% Leisure 6%
Chick-fil-A Dining
33,031 visits/mo 0.1 miles
Chili's Grill & Bar Dining
28,362 visits/mo 0.3 miles
Chipotle Mexican Grill Dining
18,614 visits/mo 0.3 miles
Jack in the Box Dining
13,708 visits/mo 0.1 miles
AMC Centerpoint 11 Leisure
13,061 visits/mo 0.1 miles

Market

Lease Benchmarks for Tempe, AZ

$18.79 /SF/Yr
Avg Asking Price
$15–$26 /SF/Yr
Price Range
18,538 SF
Avg Space Size

Vacancy Rate% for Retail in West region

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

What type of property is this?
Retail space - Retail space in Tempe with high pedestrian traffic.
Where is this retail space located?
The property is located at 740 S Mill Ave Tempe, AZ.
What are key features of this property?
This property features: High volume pedestrian foot traffic in a vibrant, walkable street environment.; Extremely high Daytime Population (+612,000) within a 5 Mile Radius.; Part of the City Of Tempe's $20 Million Mill Ave Renovation Project.
(480) 650-8434 Call to check price and availability
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