Sunrise Promenade

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.