For Lease

Greenway Promenade

5930 W Greenway Rd, Glendale, AZ 85306

7,756

SF Available
Greenway Promenade is located in the city of Glendale, north of the historic downtown area. The property is located in the Arrowhead sub-market which has seen positive growth over the last decade. The property offers road frontage along both Greenway Road and 59th Avenue, as well as a close proximity to Interstate 17, as well as the US-60 and Loop-101 freeways. Popular attractions around the property include Arizona State University West Campus, Grand Canyon University, Glendale Community College, shops at Arrowhead Towne Center, and Peoria Sports Complex (P83) which is home to spring training for the Seattle Mariners and San Diego Padres.SVN Desert Commercial Advisors, as the exclusive representative of the Seller, is pleased to offer for sale Greenway Promenade, a stabilized neighborhood retail center in the west valley. While the center is currently 95% occupied the properties' average per square foot rental rate is 20% below the market average. The property also includes two separate, fully leased out freestanding buildings that could be sold after acquisition and additionally, the forecasted rental increase of $52,863 in 2020, represents a 6.2% improvement from the previous year. Combine these with the strong fundamentals of the Arrowhead Ranch Submarket, the areas projected growth and the properties proximity to various universities and it is easy to see why Greenway Promenade is the perfect property for any owner.SVN Desert Commercial Advisors, on behalf of the Owner, is pleased to offer for lease the last remaining vacancies at Greenway Promenade. The vacancies represent two unique opportunities within the center. Suite 1A and Suite 2 represent a combined ±4,859 SF of leasable space on the eastern side of the property near 59th Ave. The suites currently have a pass-through cut between them but could easily be divided should it be necessary. Suite 19, 20/21 represents a total of ±2,897 SF of space on the western side of the complex near the Greenway Rd Entrance. Suite 20 and 21 are currently combined with a shared wall to suite 19 providing the remainder of the available space.

Key features

  • Five spaces for Lease
  • Well-established neighborhood retail center
  • Diverse tenant mix | Regional and local tenants
  • Strong growth in surrounding area | Arrowhead Ranch Submarket
  • Substantial new development in direct vicinity
  • Directly adjacent to Arizona Christian University
  • Near ASU West campus and Grand Canyon University

Rental Details

  • Number of spaces 4
  • Total square feet available 7,756 SF
  • For Lease $16.00/SF/YR
  • Space Types Retail
  • Lease Type NNN
  • Date Updated Aug 13, 2024

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

For Lease 4 Spaces Available

Contacts

broker

Richard R. Lewis Jr.

SVN | Desert Commercial Advisors

Building Details

  • For Lease $16.00/SF/YR
  • Property Type Retail
  • Property Size 62,949 SF
  • Units 26
  • Lot Size 8 Acre
  • Additional Rent Contact for pricing
  • Parking Spaces Avail. 375
  • Parking Ratio 5.96 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1988
  • Date Updated Aug 13, 2024

Attachments

Getting Around

  • Walk Score ®

    Somewhat Walkable (55)

  • Transit Score ®

    Some Transit (31)

  • Bike Score ®

    Bikeable (54)
Powered by Walk Score ®

Location

  • City Glendale, AZ
  • Neighborhood Granada Estates
  • Zip Code 85306
  • Market Phoenix

Points of Interest

Racewatch

4.73 miles

Arntchoo

4.73 miles

Cobb Canyon

4.75 miles

Martin's Ferry

4.80 miles

Geronimo

4.83 miles

Gamble

4.83 miles

Little Bug

4.84 miles

Moore Turn

4.86 miles

Fisher

4.86 miles

Fry's Fuel

1.13 miles

76

1.26 miles

Chevron

1.36 miles

Fry's Fuel Center

1.36 miles

Chevron

1.46 miles

QuikTrip

1.51 miles

Marathon

2.12 miles

Valero

2.24 miles

76

2.41 miles

Arizona Christian University | Parking Lot Guest

0.56 miles

Green Lot

1.20 miles

Blue Lot

1.22 miles

Purple Lot

1.24 miles

East Parking Garage

1.30 miles

South Tower Parking Garage

1.35 miles

Fletcher Heights Park Parking Lot

4.48 miles

Limited Parking

4.68 miles

Visitor Parking Garage

4.70 miles

Sprouts Farmers Market

0.81 miles

Safeway

0.98 miles

WinCo Foods

1.01 miles

Fry's Food and Drug

1.20 miles

Fry's Food and Drug

2.09 miles

Big Lots

2.21 miles

Walmart Neighborhood Market

2.21 miles

TJ Maxx

2.23 miles

Albertsons

2.28 miles

5930 W Greenway Rd Listing Summary

  • The Price for Retail Space at 5930 W Greenway Rd

    The cost of renting retail space in a property highly depends on features such as its location, parking availability and type of retail space, or advantages and features that might be unique to it. When it comes to 5930 W Greenway Rd, asking rent starts at $16.00 per square foot.

    5930 W Greenway Rd is located in the Granada Estates neighborhood, which is home to a total of 4 retail listing(s). In the case of most businesses that need retail space, access to potential customers is critical. This can come in the form of retail space situated in high-traffic pedestrian areas, or convenient suburban locations with good public transport or plenty of parking. 5930 W Greenway Rd has 375 parking spots, for a parking ratio of 5.96 / 1,000 SF

  • Retail Space Options Available at 5930 W Greenway Rd

    The property exclusively contains Retail space totaling 7,756 square feet. The leasing opportunity here is available under NNN lease terms.

    In addition to retail space type, you will also need to consider the space size that you need for your business to operate at its best. 5930 W Greenway Rd offers 1 retail space(s) sized 1,000 square feet or less. Retail space of this size can be a more affordable option for small businesses or for those that don’t have very quick growth expectations. You will find 3 retail space(s) ranging from 1,000 square feet to 10,000 square feet at 5930 W Greenway Rd, which can serve small or medium retail businesses that are planning to accommodate growth throughout the duration of their lease at this address. For more information or to schedule a tour of the property, reach out using the contact form on this page to get in touch with a broker.

  • Get to Know the Retail Scene in the Granada Estates Neighborhood

    5930 W Greenway Rd is located in the Granada Estates neighborhood of Glendale. The Granada Estates retail market offers 4 retail listing(s), representing a total of 7,756 square feet of retail space for lease.

    When looking for retail space for your company, picking the right area is essential. Some neighborhoods have a long history of being top shopping destinations in general, while others gain a reputation for strongly representing a specific type of business. In addition to knowing the reputation of your chosen business location neighborhood, it’s also important to know your customer base. For instance, the average Granada Estates resident is 37 years old, and the median household income here is $74,118 per year.

Contact Listing Broker

broker

Richard R. Lewis Jr.

SVN | Desert Commercial Advisors

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