South Mountain Plaza

About this opportunity

Listed by John Schweikert and Chad Tiedeman, Phoenix Commercial Advisors.

Trade-area snapshot

Highlights

• South Mountain Plaza is a grocery-anchored neighborhood center anchored by a recently remodeled Safeway grocer
• 100% leased to a great tenant mix of internet-resistant, service-based retail and restaurant tenants
• Safeway anchor ranks in the top 30% of Arizona locations by traffic volume (Placer.ai)
• Other traffic-drawing retailers in the center include two newly constructed pad tenants Starbucks (2024) and Filiberto’s Mexican Food (2025), as well as Arizona Federal Credit Union, Risas Dental, and a Safeway fuel station
• Property has been well-maintained with recent and consistent improvements including exterior and interior remodel of the Safeway, new parking lot, comprehensive landscape improvements, exterior painting, and new roof completed in 2023 with a 10-year warranty
• Compounding rent growth as most tenants have annual rent increases through the initial terms and option periods
• Dense infill Phoenix grocery anchored neighborhood center with nearly 226,000 residents within a 5-mile radius
• Close proximity to significant employment corridors, including downtown Phoenix, Phoenix Sky Harbor and multiple industrial parks, with nearly 251,000 employees and nearly 10,000 businesses within 5 miles
• Excellent access and visibility from 16th Street and Southern Avenue with ±56,635 vehicles per day and the intersection
• Average household income is nearly $102,000 within 3 miles of the property

Property overview

Location6044 South 16th Street, Phoenix, AZ 85042

• I-17 · 2.5 mi
• US-60 · 2.5 mi
• Phoenix Sky Harbor International Airport · 3.8 mi
• Chase Field · 3.9 mi

Get directionsOpen in Google Maps

Listing ID 2508462 · Investment sale · Updated 11/10/2026 · Retail brokers in Phoenix