- For Sale $11,000,000
- Property Type Retail - Power Center
- Property Size 104,880 SF
- Units 1
- Lot Size 8.57 Acre
- Year Built 1990
- Year Renovated 2004
- Date Updated Apr 27, 2026
Description
FREEWAY -VISIBLE REGIONAL TRADE AREARARE OPPORTUNITY TO PURCHASE FREEWAY-VISIBLE BIG BOX ASSET IN REGIONAL TRADE AREA
Highlights
- Average Household Incomes in a Three-Mile Radius are over $133,000.
- Daytime population of 214,000 in a Five-Mile radius of the asset.
- In-Fill Location with High Barriers to Entry
- Located in the Ahwatukee submarket of Phoenix, AZ
- Over 12m annual visits to Foothills Park Place and Ahwatukee Foothills Towne Center power centers at the intersection.
- The JC Penney’s box is strategically located on the hard corner of the Interstate 10 and Ray Road with nearly 230,000 cars per day.
- The subject property is located in an in-fill location of the Ahwatukee submarket of the Greater Phoenix Metropolitain area.
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Contacts
Kalen Rickard
Western Retail Advisors
Location
Located at 5050 E Ray Rd, Phoenix, AZ 85044, this property is part of the Ahwatukee Foothills neighborhood and Phoenix market.
Contact Listing Broker
Kalen Rickard
Western Retail Advisors
