NEC Van Buren St & Litchfield Rd

Beta Agency and Velocity Retail Group are pleased to present for sale a two-tenant retail investment located at 409 N Litchfield Rd., Goodyear, AZ. The property is occupied 

by both Big Lots and Planet Fitness, anchor tenants to Palm Valley Crossing Center. Big 

Lots has occupied the center since 2009 and signed a 10-year lease renewal to commence in 2024. In 2022 Planet Fitness signed a new 10 year lease at the location for 

22,235 SF. In addition to the two leases, EVgo charging station signed a 10 year lease in 

2021. Big Lots and Planet Fitness are paying below market rents of $9.72 psf and $11.04 

psf annually. 

This property offers an investor a stable income stream accompanied by conservative 

rents from both a long operating history at the property by Big Lots and a new lease 

executed by Planet Fitness. Extensive renovations have been made to the building over 

the years, including a Big Lots exterior façade update and tenant improvements performed by Planet Fitness. 

Palm Valley Crossing Center is located at the Northeast corner of N Litchfield Rd. and W 

Van Buren Street. The shopping center is located just 0.5 miles South of the 10 Freeway. 

Goodyear, AZ is approximately 18 Miles West of Phoenix. The city of Goodyear, AZ is located within Maricopa County, a suburb of Phoenix. The 2020 consensus had a population of 95,294 people. The city is home to the Goodyear Ballpark, where the Cleveland 

Guardians and Cincinnati Reds of Major League Baseball hold spring trainin