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Affluent Trade Area

  • The 3-mile trade area has more than 69,000 residents with an average household income of more than $137,000 with an average home value of $399,000

  • The average household income in a 1-mile trade area is nearly $165,00 with an average home value of $580,000.

Attractive Retail Submarket with Strong Market Fundamentals

  • As of February 2021, the 3-mile trade area has a retail market vacancy rate of 5.3% which is 1.8% below the Arizona retail market vacancy rate of 7.1%.

Hard Corner, Signalized Location with Exceptional Visibility

  • 83 Marketplace is located at the signalized "hard corner" of North 83rd Ave & West Happy Valley Road, two of the major thoroughfares for the area providing exceptional visibility.

Surrounding Area is Poised for Growth

  • Immediately North/Northeast of 83 Marketplace is one of the largest remaining contiguous state land parcels surrounded by residential development in the Greater Phoenix Metropolitan Area.

  • The Greater Phoenix Metropolitan Area is poised for enormous growth, median resale home values increased 20% from February 2020 to February 2021.

  • New home permits are expected to exceed 30,000 in 2021, breaking a 13-year streak of less than 30,000 permits.

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