Property profile

0 Nec Higley Rd & Warner Rd Gilbert, AZ 85296

OFF-MARKET
Retail properties & Spaces
56,325 SF 15 ac lot Built 2024
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Property summary

AI-generated overview

This exceptional retail opportunity is located within the thriving Morrison Ranch master-planned community in Gilbert, Arizona, one of the fastest-growing cities in the US. The property, Parkview at Morrison Ranch, comprises six buildings totaling 56,325 square feet, built in 2024, and situated on 15 acres (APN: 304-19-009S). The development features a fitness center anchor and offers multiple spaces available for lease, ranging from a minimum of 950 square feet to a maximum contiguous space of 40,450 square feet. Currently, 56,325 square feet are vacant, providing significant potential for various retail uses, including fitness, shops, and quick-serve restaurants. Morrison Ranch is a vibrant mixed-use community designed to provide a high-quality lifestyle, with a diverse range of residential options and a comprehensive network of open spaces and walking trails. Its location at the intersection of Higley Road and Warner Road in Gilbert, AZ 85296, provides excellent visibility and accessibility. The community boasts a strong economy, exceptional schools, and a blend of small-town charm and modern amenities, making it an attractive location for businesses and residents alike. This presents a unique opportunity to establish a presence in a rapidly growing and affluent area. The property's modern construction and ample space offer significant flexibility for a variety of retail concepts.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2024
Total area 56,325 SF
Lot 15 ac (653,400 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Nec Higley Rd & Warner Rd Gilbert, AZ 85296
Gilbert metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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