Greenway Promenade

For Lease

5930 W Greenway Rd, Glendale, AZ 85306

You can currently find 4 retail space(s) available for lease at Greenway Promenade. Designated use type for space listed here includes retail. Current retail listings at this property total 7,756 square feet. Lease type options include NNN. Expand the listing and property details below for additional information on leasing opportunities at Greenway Promenade.

Space Available For Lease 4

Contacts

broker

Richard R. Lewis, Jr.

SVN | Desert Commercial Advisors

(480) 425-5536

Property Details

  • Property Type Retail
  • Property Size 62,949 SF
  • Units 26
  • Lot Size 8 Acre
  • Parking Spaces Avail. 375
  • Parking Ratio 5.96 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1988
  • Date Updated Apr 23, 2024
Greenway Promenade is located in the city of Glendale, north of the historic downtown area. The property is located in the Arrowhead sub-market which has seen positive growth over the last decade. The property offers road frontage along both Greenway Road and 59th Avenue, as well as a close proximity to Interstate 17, as well as the US-60 and Loop-101 freeways. Popular attractions around the property include Arizona State University West Campus, Grand Canyon University, Glendale Community College, shops at Arrowhead Towne Center, and Peoria Sports Complex (P83) which is home to spring training for the Seattle Mariners and San Diego Padres.SVN Desert Commercial Advisors, as the exclusive representative of the Seller, is pleased to offer for sale Greenway Promenade, a stabilized neighborhood retail center in the west valley. While the center is currently 95% occupied the properties' average per square foot rental rate is 20% below the market average. The property also includes two separate, fully leased out freestanding buildings that could be sold after acquisition and additionally, the forecasted rental increase of $52,863 in 2020, represents a 6.2% improvement from the previous year. Combine these with the strong fundamentals of the Arrowhead Ranch Submarket, the areas projected growth and the properties proximity to various universities and it is easy to see why Greenway Promenade is the perfect property for any owner.SVN Desert Commercial Advisors, on behalf of the Owner, is pleased to offer for lease the last remaining vacancies at Greenway Promenade. The vacancies represent two unique opportunities within the center. Suite 1A and Suite 2 represent a combined ±4,859 SF of leasable space on the eastern side of the property near 59th Ave. The suites currently have a pass-through cut between them but could easily be divided should it be necessary. Suite 19, 20/21 represents a total of ±2,897 SF of space on the western side of the complex near the Greenway Rd Entrance. Suite 20 and 21 are currently combined with a shared wall to suite 19 providing the remainder of the available space.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

  • Five spaces for Lease
  • Well-established neighborhood retail center
  • Diverse tenant mix | Regional and local tenants
  • Strong growth in surrounding area | Arrowhead Ranch Submarket
  • Substantial new development in direct vicinity
  • Directly adjacent to Arizona Christian University
  • Near ASU West campus and Grand Canyon University

Attachments

Getting around

  • 55/100

    Walk Score ®

  • 31/100

    Transit Score ®

  • 54/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Glendale, AZ
  • Neighborhood Granada Estates
  • Zip Code 85306
  • Market Phoenix

Points of Interest

  • Waylost

    4.31 miles

  • Racewatch

    4.73 miles

  • Arntchoo

    4.73 miles

  • Cobb Canyon

    4.75 miles

  • Martin's Ferry

    4.80 miles

  • Geronimo

    4.83 miles

  • Gamble

    4.83 miles

  • Little Bug

    4.84 miles

  • Moore Turn

    4.86 miles

  • Fisher

    4.86 miles

  • Shell

    0.09 miles

  • Circle K

    0.85 miles

  • Circle K

    0.92 miles

  • Fry's Fuel

    1.13 miles

  • 76

    1.26 miles

  • Chevron

    1.36 miles

  • Fry's Fuel Center

    1.36 miles

  • Chevron

    1.46 miles

  • QuikTrip

    1.51 miles

  • Marathon

    2.12 miles

  • Arizona Christian University | Parking Lot 3

    0.37 miles

  • Arizona Christian University | Parking Lot Guest

    0.56 miles

  • Green Lot

    1.20 miles

  • Blue Lot

    1.22 miles

  • Purple Lot

    1.24 miles

  • East Parking Garage

    1.30 miles

  • South Tower Parking Garage

    1.35 miles

  • Fletcher Heights Park Parking Lot

    4.48 miles

  • Limited Parking

    4.68 miles

  • Visitor Parking Garage

    4.70 miles

  • Ray's Pizza

    0.08 miles

  • McDonald's

    0.77 miles

  • Pizza Hut

    0.81 miles

  • Taco Bell

    0.84 miles

  • Long John Silver's

    0.84 miles

  • Garcia's

    0.86 miles

  • Filiberto's

    0.86 miles

  • El Pollo Loco

    0.87 miles

  • Macayo's

    0.88 miles

  • Wendy's

    0.88 miles

  • Walmart Supercenter

    0.69 miles

  • Sprouts Farmers Market

    0.81 miles

  • Safeway

    0.98 miles

  • WinCo Foods

    1.01 miles

  • Fry's Food and Drug

    1.20 miles

  • Fry's Food and Drug

    2.09 miles

  • Big Lots

    2.21 miles

  • Walmart Neighborhood Market

    2.21 miles

  • TJ Maxx

    2.23 miles

  • Albertsons

    2.28 miles

5930 W Greenway Rd Listing Brief

  • A property’s location contributes to the asking rent almost as much as its characteristics do. For instance, central urban locations with high walkability or suburban locations with ample parking and easy access by car will claim higher rents but offer superior access to your customer base. Likewise, the quality of the building systems and property finishes have a significant impact on how businesses can conduct their activity there, as well as on the experience of their customers.

    5930 W Greenway Rd is located in Granada Estates, which is home to a total of 5 listing(s). Retail space at Greenway Promenade asks $16.00/SF/YR per square foot.

  • The property includes 7,756 square feet of retail space for lease. Of this total, 7,756 square feet are Retail.

    Lease agreement conditions for the availability at this property include NNN.

    For more information or to schedule a tour of the property, use the convenient contact form on this page to get in touch with a representative.

  • You should keep in mind that different areas gradually build a reputation as hotspots or desirable corridors for shopping, eating, or other entertainment and consumer activities. So, while renting retail space in an area with a well-established high-end reputation might mean more customers that are more willing to spend, it will also place you in a more competitive environment.

    For car-travelling customers, 5930 W Greenway Rd has a parking ratio of 5.96 / 1,000 SF, offering 375 parking spaces. The size of the space, the quality of the build, special attributes, as well as overall upkeep and property rating can also influence the going rate. For instance, properties that were renovated or rehabilitated more recently bring greater value to tenants.

    Knowing your ideal customer is essential. For your consideration, the average age of residents in Granada Estates is 38. The average household income here is $66,945 per year.

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Richard R. Lewis, Jr.

SVN | Desert Commercial Advisors

(480) 425-5536

  1. 1Main information
  2. 2Extra information