Lakeview Village at Morrison Ranch

Lakeview Village at Morrison Ranch

67-179 South Higley Road, Gilbert, AZ, USA

Lakeview Village at Morrison Ranch

Spanning 13.54 acres at the southeast corner of Higley Road and Elliot Road, Lakeview Village at Morrison Ranch consists of 93,741 square feet of retail space that is 98.6% leased to a complimentary collection of mostly national and regional retailers, led by a high performing Bashas’ grocery store. The grocery anchor Bashas’ lease runs through October 2028, occupying 55.9% of the leasable area, and is operating on a ground lease guaranteed by both Bashas’ and Albertson’s. Bashas’ recently completed a complete interior remodel of the store.

The Property is the only retail center that services the 3,000 acre master-planned community and its eight residential neighborhoods. Lakeview Village’s popular ‘daily needs’ tenancy generates a high volume of consumer traffic and income. The Property offers superior access with six points of ingress and egress and visibility to approximately 34,300 daily vehicles. Further enhancing this ideal neighborhood retail setting, Lakeview Village offers direct proximity via neighborhood trails to the desirable demographic in the surrounding master-planned Morrison
Ranch residential community.

The demographics surrounding Lakeview Village at Morrison Ranch are ideal for this ‘daily-needs’ shopping center. An estimated population of 111,732 earning an average household income of $101,229 reside within a three-mile radius of the Property. That population is expected to exceed 123,878 earning an average household income of $118,564 by 2023.

Property Summary

Site Area13.54 acres
Year Built2004
GLA (SF)93,741
AnchorBashas'
Occupancy98.6%

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