Contacts

John K. Jackson

Diversified Partners

Kristina Remon

Diversified Partners

Property Details

Property Type Retail
Property Size 80,862 SF
Lot Size 332,929 SF
Cap Rate % 6.81
NOI / YR $1,008,144.00
Year Built 1979
Date Updated Feb 11, 2026

Diversified partners is pleased to present the opportunity to acquire vasa fitness & burlington at 43rd avenue & thunderbird, an 80,862-square-foot retail property located at 4255 w. Thunderbird road in phoenix, Arizona. Positioned at the high-traffic intersection of thunderbird road and 43rd avenue, the property benefits from excellent visibility, multiple access points, and immediate connectivity to both loop 101 and interstate 17.

The property is fully leased to two nationally recognized tenants—burlington and vasa fitness—providing a strong, creditworthy income stream. Burlington, on a lease through October 31, 2035, is one of the fastest-growing off-price retailers in the country, while vasa fitness, on a lease through December 31, 2033, ranks among the top 20 largest health club operators in the U.S. Together, these tenants generate a weighted average lease term exceeding eight years, ensuring reliable cash flow and minimal rollover risk.

Located immediately adjacent to deer valley center, a thriving sprouts farmers market-anchored shopping center, the property benefits from high daily traffic and complementary retail synergy. The surrounding northwest phoenix trade area is home to over 178,000 residents within a three mile radius and is supported by major economic drivers such as banner thunderbird medical center, Arizona state university’s west valley campus, and Arizona Christian university. The area’s high barriers to entry for new retail development, particularly at prime intersections, further strengthen the property’s competitive position.

This combination of long-term lease security, strategic location, and robust surrounding demographics makes vasa fitness & burlington at 43rd avenue & thunderbird a compelling investment opportunity in one of phoenix’s most established and desirable submarkets.

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