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    FOR LEASE
    Strip malls

    2737 W Thunderbird Rd, Phoenix, AZ 85029

    18,904 SF 3.46 ac lot Built 2007
    Entity Owned ~ Est. High Equity
    Property ID
    US07-0606245
    Property summary
    AI-generated overview

    This exceptional retail opportunity is located at 2737 W Thunderbird Rd, Phoenix, AZ 85053, at the southwest corner of I-17 and Thunderbird Road. The property, built in 2007, offers a total of 18,721 square feet of space, currently 100% vacant, presenting a unique chance for a single tenant or multiple tenants. The building is a single-story structure with C-2 zoning in Phoenix, Maricopa County. The space is ideally suited for restaurants, given its current subtype designation. The property benefits from a high-traffic location, shadow-anchored by a Best Buy. There is existing infrastructure in place, and the space is ready for immediate occupancy. Two spaces are available, ranging in size from 1,540 to 3,900 square feet. A former Anytime Fitness location is available immediately, and a Jamba Juice space will become available on March 1, 2024. This prime location offers unparalleled visibility and accessibility, making it an excellent investment for businesses seeking a strong presence in a thriving Phoenix market. The property's size and flexibility allow for a variety of retail concepts. This is a rare opportunity to secure a significant retail footprint in a high-demand area.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 2007
    Construction STEEL FRAME
    Total area 18,904 SF
    Lot 3.46 ac (150,684 SF)
    Zoning code C-2
    APN 149-23-021B
    UPID US07-0606245
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Athena Pita Restaurant
    • Port of Subs Take-out & Catering
    • Hair by Brandi Green Hair Salon
    • Tru Aesthetics & Wellness Spa & Massage Center
    • Spa-Tastic Nails & Hair Nail Salon
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $4.34M
    Comparable Approach Comparable
    $6.92M
    Blend (final) Blend
    $5.63M
    Owner & transaction history
    G&l Gas INC
    G&l Gas INC
    since 2025
    Last sale
    $5.3M
    6 recorded transactions
    2025
    $5.3M
    2021
    $5.1M
    2015
    $2.7M
    2011
    $2.2M
    2011
    $2.4M
    2006
    $2.3M
    Zoning & alternative use
    C-2 · Phoenix, AZ
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $8.0M +66.0%
    Office building $5.7M +17.9%
    Retail stores $5.6M +17.1%
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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