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Alma Elliot Square 947-981 W Elliot Rd
1,800 - 6,765 SF of Retail Space Available in Chandler, AZ 85224
Highlights
- Lease 1,800 SF of inline retail and a 4,965-SF freestanding space at a negotiable rental rate and low triple net fees of $5.28/SF.
- Alma Elliot Square offers tenants available monument signage, ample parking, a signalized intersection, and easy ingress/egress.
- Grocery-anchored center with a diverse tenant mix, including Fry's Food, Starbucks, I-HOP, AT&T, and Great Clips.
- Take advantage of the visibility from Alma School Road and Elliot Road to advertise business in front of over 95,000 vehicles passing.
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Ceiling
- Term
- Rental Rate
- Rent Type
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor | 4,965 SF | 13’4” | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) | |
| 1st Floor, Ste 985-3 | 1,800 SF | - | 3-10 Years | $24.00 /SF/YR $2.00 /SF/MO $258.33 /m²/YR $21.53 /m²/MO $3,600 /MO $43,200 /YR | Triple Net (NNN) |
971 W Elliot Rd - 1st Floor
4,965 square feet of retail space is available at Alma Elliot Square.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Specialty Space
- Space is an outparcel at this property
- High Ceilings
- Finished Ceilings: 13’4”
- Freestanding Building
941-985 W Elliot Rd - 1st Floor - Ste 985-3
1,800 square feet of retail space is available at Alma Elliot Square. This space is currently occupied by Pizza Hut.
- Lease rate does not include utilities, property expenses or building services
- Space is an outparcel at this property
- Kitchen
- Alma School Road Frontage
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 Alma Elliot Square
- Tenant
- Description
- SIZE
- MOVE DATE
- US Locations
- Reach
- Fry's Food & Drugs
- Supermarket
- 49,919 SF
- -
- 186
- Local
Fry's Food and Drug is a chain of supermarkets that has a major presence in Arizona. Fry's also operates under the banner of Fry's Marketplace, a combination of groceries and general merchandise comparable to a Walmart Supercenter. Fry's is a division of Cincinnati, Ohio-based Kroger since a merger in 1998.
- IHOP Restaurant
- Restaurant
- 5,687 SF
- -
- 2,195
- International
Since 1958, IHOP® has been the place where people connect over breakfast, enjoy study breaks, grab a bite before or after sporting events, and so much more. And no matter what menu items they order, there’s one ingredient that’s always constant — a smile. They've seen millions of smiles over the years in their restaurants, and now shared in photos across their social properties. In fact, smiles are so much a part of their culture that they changed their logo to include one. This is just one of the many fun and exciting changes you can expect from IHOP®. Because they know the shortest distance between two people is a smile. For more than 63 years, IHOP has been a leader, innovator and expert in all things breakfast, any time of day. The chain offers 65 different signature, fresh, made-to-order breakfast options, a wide selection of popular lunch and dinner items, including Ultimate Steakburgers.
- Starbucks
- Coffee
- 2,074 SF
- 01/2018
- 20,991
- International
Starbuck's story begins in 1971 along the cobblestone streets of Seattle’s historic Pike Place Market. It was here where Starbucks opened its first store, offering fresh-roasted coffee beans, tea and spices from around the world for their customers to take home. Their name was inspired by the classic tale, “Moby-Dick,” evoking the seafaring tradition of the early coffee traders. Starbucks would soon expand to Chicago and Vancouver, Canada and then on to California, Washington, D.C. and New York. By 1996, they would cross the Pacific to open their first store in Japan, followed by Europe in 1998 and China in 1999. Over the next two decades, they would grow to welcome millions of customers each week and become a part of the fabric of tens of thousands of neighborhoods all around the world. In everything they do, they are always dedicated to Their Mission: With every cup, with every conversation, with every community - they nurture the limitless possibilities of human connection.
- AT&T Wireless
- Wireless Communications
- 1,304 SF
- 01/2020
- 10,862
- International
Our world is rapidly being transformed by the widespread and growing availability of connectivity. And AT&T is leading the charge with their nationwide fast, reliable and secure 5G coupled with their growing, multi-gig fiber home internet service. As much as we depend on broadband connectivity today, they think this is only the beginning. They're strengthening their network to enable everything from smarter homes and cities to high-quality remote healthcare, augmented and virtual reality and sophisticated new workplace collaboration tools. Providing those connections is in AT&T’s DNA. Ever since Alexander Graham Bell’s telephone more than many years ago, they've been a leader in connecting people and businesses. They believe they have the resources, focus, expertise and people to be the best connectivity provider through 5G and fiber.
| Tenant | Description | SIZE | MOVE DATE | US Locations | Reach |
| Fry's Food & Drugs | Supermarket | 49,919 SF | - | 186 | Local |
| IHOP Restaurant | Restaurant | 5,687 SF | - | 2,195 | International |
| Starbucks | Coffee | 2,074 SF | 01/2018 | 20,991 | International |
| AT&T Wireless | Wireless Communications | 1,304 SF | 01/2020 | 10,862 | International |
PROPERTY FACTS FOR 947-981 W Elliot Rd , Chandler, AZ 85224
| Center Type | Neighborhood Center | Gross Leasable Area | 123,485 SF |
| Parking | 625 Spaces | Total Land Area | 18.02 AC |
| Stores | 21 | Year Built | 1986 |
| Center Properties | 5 | Cross Streets | E Elliot Rd |
| Frontage |
| Center Type | Neighborhood Center |
| Parking | 625 Spaces |
| Stores | 21 |
| Center Properties | 5 |
| Frontage | |
| Gross Leasable Area | 123,485 SF |
| Total Land Area | 18.02 AC |
| Year Built | 1986 |
| Cross Streets | E Elliot Rd |
About the Property
Experience Alma Elliot Square, a grocery-anchored center with an opportunity to join national and regional tenants in Chandler, Arizona. This shopping center offers the chance to lease a freestanding retail position and an in-line space at an NNN lease with negotiable rent. With available pylon signage and ample parking, Alma Elliot Square has everything needed to put a business at the front of a shopper’s mind. Alma Elliot Square sits at a heavily traveled signalized intersection at the southeast corner of Alma School Road and Elliot Road, which sees over 95,065 vehicles daily. Strategically located for shoppers coming from near or far, this center has proximity to Highway 60 and Loop 101, which grants access to Mesa, Scottsdale, Downtown Phoenix, Sun City, Glendale, and beyond. Within a 15-minute drive of the center, the surrounding area boasts a growing population of 617,346 residents, contributing to over $7.5 billion in consumer spending.
- Restaurant
- Signalized Intersection
- Monument Signage
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 Amenities
Restaurants |
|||
|---|---|---|---|
| Starbucks | Cafe | $ | 3 min walk |
| Burger King | - | - | 3 min walk |
| IHOP | - | - | 3 min walk |
| Chon Thai Food | Thai | $$$ | 14 min walk |
| Ninja Japanese Restaurant | Japanese | $$ | 14 min walk |
| Tien Wong Hot Pot | Chinese | $ | 14 min walk |
Retail |
||
|---|---|---|
| Great Clips | Salon/Barber/Spa | 1 min walk |
| AT&T Wireless | Wireless Communications | 3 min walk |
| PNC Bank | Bank | 5 min walk |
| Planet Fitness | Fitness | 5 min walk |
| State Farm | Insurance | 6 min walk |
| Fred Astaire Dance Studios | Dance | 14 min walk |
Hotels |
|
|---|---|
| Hilton Garden Inn |
120 rooms
6 min drive
|
| Home2 Suites by Hilton |
108 rooms
7 min drive
|
| La Quinta Inns & Suites |
125 rooms
8 min drive
|
| Courtyard |
149 rooms
8 min drive
|
| Residence Inn |
117 rooms
8 min drive
|
| DoubleTree by Hilton |
266 rooms
7 min drive
|
-
Jerelyn Bradshaw -
Kim Watson
-
Investment Concepts, Inc.
Presented by
Alma Elliot Square | 947-981 W Elliot Rd
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