About the market
Space Available
Sunrise Promenade is located at Lake Pleasant Pkwy and Happy Valley Road in Peoria, AZ., an extremely 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 will include small shop space varying from ± 1,200sf to 5,000sf, outlots for ground lease, build-to-suit, or a mini anchor at ± 25,000sf and a multifamily component.
Sunrise Promenade is surrounded by regional and national retailers, including Target, Kohl’s, Bed Bath & Beyond, Marshalls, Beall’s Outlet, Frye’s, 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.
Household incomes are impressive at over $109,000 within a 5-mile radius and a population of more than 150,000 people. Household incomes grow considerably within a 1-mile radius of over $186,000.
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
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