Fiesta Plaza
About Fiesta Plaza
Located in one of the most coveted trade areas in the Phoenix metro area, this south Tempe retail center combines the best of both worlds – current stability and future growth potential. Positioned on the NWC of Rural and Elliot Rd, this property is adjacent to Sprouts, CVS and Banner Health’s outpatient facility. With some of the lowest sustainable rents in the trade area, Fiesta Plaza gives both good cash flow and room to improve over time.
- 32,400 Sq. Ft Property
- Retail Value Add
- Acquisition Date: 1/30/24
ADDITIONAL INFORMATION
- Strong historical occupancy at the center
- 192,000 daytime employment within a 5-mile radius
- Internet resistant tenant mix
- 50,000+ vehicles per day at intersection
- Affluent trade area with household incomes of $124,000 within 1 mile
- Average unit size of 1,705 SF; no big box retail exposure
We Are
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