---
title: "Shops at Gilbert Town Square, Gilbert For Sale | PCA"
url: "https://newphoenixcommercialadvisors.com/properties/shops-at-gilbert-town-square-gilbert/"
description: "Shops at Gilbert Town Square: Neighborhood Center for sale in Gilbert, AZ. 37,613 SF. $9,675,000. Listed by John Schweikert, Phoenix Commercial Advisors."
publisher: "Phoenix Commercial Advisors"
generated: "11/10/2026"
---

# Shops at Gilbert Town Square (For Sale)

Neighborhood Center for sale in Gilbert, AZ 85296.

## Public facts

- Status: Available
- Record last edited: 11/10/2026
- Tenancy: Multi-tenant
- Traffic: ±29,744 VPD on Gilbert Rd
- Trade area (radius 1 mile, 3 miles, 5 miles): Population, 1 mile 16,682; Population, 3 miles 132,036; Population, 5 miles 362,141; Households, 1 mile 6,284; Households, 3 miles 48,302; Households, 5 miles 131,589; Average household income, 1 mile $151,252; Average household income, 3 miles $144,680; Average household income, 5 miles $133,950

- Cross streets: Gilbert Rd & Warner Rd | SWC
- Address: 1166 South Gilbert Road, Gilbert, AZ 85296
- Coordinates: 33.3288217, -111.7949493
- Price: $9,675,000
- Building Size: 37,613 SF
- Property Type: Neighborhood Center
- Site facts: Property type Retail · Neighborhood Center
- Nearby, straight-line miles: SanTan Village 3.2 mi
- Investment sale (income-producing retail): yes; PCA investment sales team, led by Chad Tiedeman
- Cap rate (as published): 7.0%
- NOI: $676,991
- Description: Shops at Gilbert Town Square | 7.00 Cap | 37,613 SF | 92% Leased
- About the location: Shops at Gilbert Town Square is located along Gilbert Road; situated on the west side; south of Warner Road.
- Highlights: Value-add lease-up opportunity with ±9,000 SF of leasable space available, providing a new owner with clear path to grow income above in-place rents | Opportunity for an investor to benefit from steady cash flow while implementing re-tenanting plan in nearly 6,000 SF of the three Christ Church suites (3,129 SF, 1,400 SF, and 1,610 SF) | Attractive going-in cap rate of 7.00%, with the opportunity to increase cash flow through lease-up and tenant turnover | Built-in repositioning flexibility with all three Christ Church suites carrying 5-year lease terms with a landlord option, giving ownership control over the timing of its re-tenanting plan | Projected to increase NOI over 20% by Year 3 | Located at Gilbert Road & Warner Road in the heart of Gilbert, one of the fastest-growing and most desirable submarkets in the Southeast Valley, with combined traffic count of nearly ±58,000 VPD at the intersection | Dense trade area with over 366,000 residents within 5 miles of the center, offering a stable and established customer base | Strong, consistent traffic draw from neighboring tenants in the center, including Christ Church Regal Cinema, Lucky Strike, Chipotle, Pei Wei, Cold Beers & Cheeseburgers, and more | Situated in a dense residential pocket, with nearly ±1,000 multi-family units adjacent to the property at Town Commons (±306 Units), Keller at Town Square (±152 Units), Cadia Crossing (±256 Units), The Reserve (±147 Units), The Wyatt (±216 Units), The Carson (±40 Units) | Affluent trade area with average HH income of nearly $159,000 within a 1-mile radius
- Brokers: John Schweikert (602-734-7218)
- Offering memorandum, rent roll and financials: on request via the form at https://newphoenixcommercialadvisors.com/properties/shops-at-gilbert-town-square-gilbert/#om (qualified buyers)
- Photo: https://newphoenixcommercialadvisors.com/assets/img/listings/2597035-1-1200.webp
- Listing ID: 2597035 (source: PCA listing system, updated 11/10/2026)

Contact Phoenix Commercial Advisors, 602-957-9800, marketing@pcaemail.com.

The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy. All information should be verified prior to purchase. The broker and/or agent recommends Buyers independently verify every item of information to buyer's full satisfaction.