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McRay Plaza 3875 W Ray Rd
900 SF of Retail Space Available in Chandler, AZ 85226
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 11 | 900 SF | 3 Years | $21.00 /SF/YR $1.75 /SF/MO $226.04 /m²/YR $18.84 /m²/MO $1,575 /MO $18,900 /YR | Triple Net (NNN) |
3855-3875 W Ray Rd - 1st Floor - Ste 11
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
- Space In Need of Renovation
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
TENANTS AT McRay Plaza
- AVIS
- Dominos Pizza
- Tutor Time
- AMF Mcray Plaza Lanes
PROPERTY FACTS FOR 3875 W Ray Rd , Chandler, AZ 85226
| Center Type | Neighborhood Center | Gross Leasable Area | 97,423 SF |
| Parking | 75 Spaces | Total Land Area | 12.60 AC |
| Stores | 17 | Year Built | 1989 |
| Center Properties | 5 | Cross Streets | W Ray Rd |
| Frontage |
| Center Type | Neighborhood Center |
| Parking | 75 Spaces |
| Stores | 17 |
| Center Properties | 5 |
| Frontage | |
| Gross Leasable Area | 97,423 SF |
| Total Land Area | 12.60 AC |
| Year Built | 1989 |
| Cross Streets | W Ray Rd |
About the Property
Take advantage of available retail space in a highly trafficked shopping center in Chandler, Arizona. McRay Plaza at 3875 West Ray Road is a high-performing plaza with a diverse tenant mix and highly visible pylon signage. Fixed at a lighted intersection, the center sees daily traffic counts of over 18,500 vehicles. 3875 West Ray Road is home to popular national tenants, including AMF Bowling, Dominos Pizza, Tutor Time, Desert Sky Games and Comics, Filberto’s Restaurant, and No Limits Scuba. Recreation and retail are significant demand drivers in Chandler, and the town is open to adding additional businesses. McRay Plaza is just one mile from Loop 101 Freeway and two miles from Loop 202 Freeway. This highly coveted location is also just two miles from Wescor’s Chandler Fashion Square and one mile south of Intel, which employs over 10,000 people. Noteworthy demographics include a steadily growing population and an average household income of $124,969 within a two-mile radius. Chandler benefits from being near Phoenix's large retail market. Phoenix remains one of the nation's better-performing markets for employment growth. The area also sees affordability, business-friendly regulations, and a diversifying economy. A desirable location in a booming market makes McRay Plaza the ideal place for retailers in Chandler.
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Marketing Brochure
DEMOGRAPHICS
Demographics
About Chandler/Gilbert
The Chandler/Gilbert area is an affluent and fast-growing suburb located in the southeastern region of metropolitan Phoenix. Travel is convenient for residents and visitors via the Loop 202, Loop 101, and U.S. 60 freeways that encircle and bisect the region. The area boasts a highly educated population that has attracted nationally recognized technology, healthcare, finance, and manufacturing employers to the state. Intel, Banner Health, Northrop Grumman, Wells Fargo, Bank of America, and Dignity Health are just some of the region’s most prominent employers that have helped to generate thousands of high-quality jobs.
Significant job and population growth have stimulated new development, including large office and industrial parks, master-planned residential communities, and apartments. Its residential offerings, which include executive level housing and affordable homes geared towards first-time homebuyers, have attracted a broad range of residents that are highly appealing to retailers. These drivers have motivated retailers to expand over the past several years, consistently making it one of the highest-demand areas for retail across the Valley.
Due to favorable demographics that support an average household income over $100,000, retailers are willing to pay a premium to locate in Chandler/Gilbert. Rent growth has generally mirrored the Phoenix average over the past few years, but that has not slowed tenant interest in the fast-growing suburb.
Nearby Major Retailers
Leasing Agent
Leasing Agent
Paul Warren, Designated Broker/Principal
As well as being a Licensed Commercial Contractor class L61, Paul has extensive experience with property acquisitions, refinancing, renovation and tenant improvements, and related legal landlord/tenant issues, variances, planning and zoning issues.
About the Owner
-
Power Broker Paul Warren -
Commercial Management & Investments, Inc.
Presented by
McRay Plaza | 3875 W Ray Rd
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