Gilbert Gateway Towne Center

Gilbert Gateway Towne Center

5340 South Power Road, Gilbert, AZ, USA

Gilbert Gateway Towne Center

Cushman & Wakefield’s Retail Investment Advisors, as exclusive advisor, is pleased to present the opportunity to acquire Gilbert Gateway Towne Center South (the “Property”), a thriving Walmart shadow-anchored shopping center prominently located at the southwest corner of Ray Road and Power Road in Gilbert, Arizona. Gilbert Gateway Towne Center South consists of 55,897 square feet of retail space that is 92.9% leased to a complementary collection of tenants led by a 20,000 square foot Planet Fitness, on a new lease that runs through March 2030.
Other tenants include Party City, Chase Bank (ground lease though June 2027), Carl’s Jr (ground lease through December 2027), Tommy’s Family Car Wash & Shell Gas (ground lease through April 2041), Prestige Nails and AJ Reflexology.

Gilbert Gateway Towne Center is ideally located just off the full diamond interchange at the Loop 202 and Power Road and resides amongst significant development in the area. The Property lies just to the west of Phoenix Mesa Gateway Airport, which hosts over 40 companies and serves more than 45 cities with non-stop service. Skybridge – the nation’s first inland air cargo hub to house a joint U.S.-Mexican customs facility projected to bring 17,000 long-term jobs to the area is also located within close proximity to the Property. Arizona State University Polytechnic Campus sits just to the southeast of the Property, with over 8,000 students and 40 degree programs offered on the campus.

There is also significant residential development in the area with Eastmark, Cooley Station, Morrison Ranch and Gallery Park communities all within close proximity to the Property.

Property Summary

Site Area8.04 acres
Year Built2006
GLA (SF)55,897 SF
AnchorWalmart Shadow Anchored
Occupancy92.9%

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