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Southwest

Sunrise Promenade

W Happy Valley Rd & N Lake Pleasant Pkwy, Peoria, Arizona

Project Type

Retail

Project Size

8 acres

Status

Operating

MSA

Phoenix

About the market

Space Available

Sunrise Promenade is located at Lake Pleasant Pkwy and Happy Valley Road in Peoria, AZ., an affluent suburb in greater Phoenix. Lake Pleasant Pkwy and Happy Valley Rd is the most dominant intersection within the Peoria submarket.

This Aldi anchored development includes small shop space varying from ± 1,200sf to 5,000sf, out lots for ground lease, build-to-suit, or a mini anchor at ± 25,000sf, and a multifamily component by Thompson Thrift's multifamily business unit, Watermark Residential.

Sunrise Promenade is surrounded by regional and national retailers, including SuperTarget, Kohl’s, Bed Bath & Beyond, Marshalls, Beall’s Outlet, Frys, Lowe’s Home Improvement, Starbucks, Michaels, and PetSmart to name a few. The retail at this intersection of Lake Pleasant Pkwy and Happy Valley Rd. creates a regional draw, and significant traffic counts for the subject property.

Peoria has long been one of the fastest-growing cities nationally and is now emerging as a center for innovation and employment growth. The City has multiple planned area development projects underway, strengthening its presence as a central focus for work, shopping, and entertainment in the West Valley. Notable is a future mixed-use project bringing 500K sq. ft. of Class A office and a business class hotel to an already vibrant entertainment district. Others include large parcels targeted for various employment uses, such as high-tech manufacturing, corporate office, and limited light industrial. Longer-term, a 400-acre mixed-use project is in the planning stages along the Phoenix’s outer Loop 303, central to the Northwest Valley’s rapid yet deliberate growth.

Household incomes are impressive at over $109,000 within a 5-mile radius and a population of more than 157,000 people. Household incomes grow considerably within a 1-mile radius of over $150,000.

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Demographics

2020 Estimated Population

Radius Total Population Daytime Population
1 mile 3,068 3,508
3 mile 49,567 8,281
5 mile 150,626 26,372

2020 Estimated Household Income

Radius Average HHI Median HHI
1 mile $186,098 $108,918
3 mile $138,616 $102,040
5 mile $109,187 $89,390

Current Tenants

Aldi black Black Rock Coffee Bar logo Club pilates black Sherwin williams black Yoga6 K Wow Wow Lemonade Stand Jabz Logo K Pearle vision logo 2013 Pacific Dental Services

Contact Us

Looking for a great location or space? We want to hear from you.

Our team is available to answer your questions or direct you to the correct contact for your development needs. Please fill out the form below and we will be happy to assist you.

Jake Heims

Jake Heims

Director, Retail Sales and Leasing

602-313-8636