Shops at Gilbert Town Square

About this opportunity

Listed by John Schweikert, Phoenix Commercial Advisors.

Trade-area snapshot

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

Property overview

Location1166 South Gilbert Road, Gilbert, AZ 85296

• SanTan Village · 3.2 mi

Get directionsOpen in Google Maps

Listing ID 2597035 · Investment sale · Updated 11/10/2026 · Retail brokers in Gilbert