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Highlights

  • 1,200 to 3,273 sf shell space next to Subway, Circle K, Kids Empire, and Salvation Army
  • 13.5 miles south of TSMC's $165B Arizona campus — 6 fabs and thousands of high-wage jobs fueling North Phoenix growth
  • 55,000+ combined vehicles/day at Greenway & 19th · 45,447 daytime employees · 149,355 residents · $1.8B consumer spending · $92,331 avg household in
  • 400-amp, 208V 3-phase power already installed with 2 independent SES panels
  • Full co-broke commission plus tenant-rep bonus for summer lease signing

Space Availability (1)

Display Rental Rate as

  • Space
  • Size
  • Term
  • Rental Rate
  • Rent Type
  • 1st Floor, Ste 123
  • 1,200-3,273 SF
  • Negotiable
  • $26.53 CAD/SF/YR $2.21 CAD/SF/MO $86,821 CAD/YR $7,235 CAD/MO
  • Triple Net (NNN)
Space Use
Retail
Build-Out
Shell Space
Availability
Now

Suite 123 at Greenway Plaza presents a valuable opportunity for users seeking a well-positioned space within one of North Phoenix’s most established neighborhood retail corridors just 13.5 miles south of the new TSMC fab. This suite offers a functional foundation for a variety of fast-casual, dine-in, or specialty food concepts looking to capitalize on the property’s strong daily activity and stable consumer base. Located at the signalized intersection of 19th Avenue and Greenway Road, the center benefits from significant traffic volumes traveling through the area each day, enhancing the visibility and accessibility of the suite for both local residents and visiting customers. Greenway Plaza is surrounded by a complementary tenant mix that include Circle K, Subway, Kids Empire, Salvation Army, Dentist, Jiu Jitsu, Barber, Bakery, Massage, and Nail Salon creating a steady flow of cross-shopping and consistent foot traffic throughout the day. With its adaptable infrastructure, strong traffic counts, and location within a stable and highly active commercial corridor, Suite 123 offers operators a prime setting to launch or expand your concept in one of Phoenix’s fastest growing retail submarkets.

  • Lease rate does not include utilities, property expenses or building services
  • Located in-line with other retail
  • Central Air Conditioning
  • High Ceilings
  • Exposed Ceiling
  • Display Window
  • 13,273 SF partially built out restaurant for LEASE
  • Restaurant space offering an efficient layout
  • functional foundation for a variety of concepts
Space Size Term Rental Rate Rent Type
1st Floor, Ste 123 1,200-3,273 SF Negotiable $26.53 CAD/SF/YR $2.21 CAD/SF/MO $86,821 CAD/YR $7,235 CAD/MO Triple Net (NNN)

1st Floor, Ste 123

Size
1,200-3,273 SF
Term
Negotiable
Rental Rate
$26.53 CAD/SF/YR $2.21 CAD/SF/MO $86,821 CAD/YR $7,235 CAD/MO
Rent Type
Triple Net (NNN)
Space Use
Retail
Build-Out
Shell Space
Availability
Now

Suite 123 at Greenway Plaza presents a valuable opportunity for users seeking a well-positioned space within one of North Phoenix’s most established neighborhood retail corridors just 13.5 miles south of the new TSMC fab. This suite offers a functional foundation for a variety of fast-casual, dine-in, or specialty food concepts looking to capitalize on the property’s strong daily activity and stable consumer base. Located at the signalized intersection of 19th Avenue and Greenway Road, the center benefits from significant traffic volumes traveling through the area each day, enhancing the visibility and accessibility of the suite for both local residents and visiting customers. Greenway Plaza is surrounded by a complementary tenant mix that include Circle K, Subway, Kids Empire, Salvation Army, Dentist, Jiu Jitsu, Barber, Bakery, Massage, and Nail Salon creating a steady flow of cross-shopping and consistent foot traffic throughout the day. With its adaptable infrastructure, strong traffic counts, and location within a stable and highly active commercial corridor, Suite 123 offers operators a prime setting to launch or expand your concept in one of Phoenix’s fastest growing retail submarkets.

  • Lease rate does not include utilities, property expenses or building services
  • Located in-line with other retail
  • Central Air Conditioning
  • High Ceilings
  • Exposed Ceiling
  • Display Window
  • 13,273 SF partially built out restaurant for LEASE
  • Restaurant space offering an efficient layout
  • functional foundation for a variety of concepts

Rent Types


The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.

1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.

2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.

3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.

4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.

5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.

6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.

7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.

Matterport 3D Tour

Explore SUite 123

Select Tenants at Greenway Plaza

  • Tenant
  • Description
  • US Locations
  • Reach
  • Coyoacan Bakery & Cafe
  • Bakery
  • 1
  • Local
  • Delicate Dental
  • MD/DDS
  • 1
  • Local
  • Linsacum Training
  • Fitness
  • 1
  • Local
  • Rose Health Spa
  • Salon/Barber/Spa
  • 1
  • Local
  • Subway
  • Sub Sandwich
  • 26,562
  • International
  • Tommy's Nails
  • Nail Salon
  • 1
  • Local
Tenant Description US Locations Reach
Coyoacan Bakery & Cafe Bakery 1 Local
Delicate Dental MD/DDS 1 Local
Linsacum Training Fitness 1 Local
Rose Health Spa Salon/Barber/Spa 1 Local
Subway Sub Sandwich 26,562 International
Tommy's Nails Nail Salon 1 Local

Property Facts

Total Space Available 3,273 SF
Min. Divisible 1,200 SF
Property Type Retail
Property Subtype Freestanding
Gross Leasable Area 17,736 SF
Year Built/Renovated 2000/2022
Parking Ratio 4.06/1,000 SF

About the Property

Greenway Shops occupies the hard, signalized corner of West Greenway Road & 19th Avenue — an intersection that is effectively 100% leased. Suite 123 is the last available space on the corner. The suite can be configured from 1,200 – 3,273 SF. Directly adjacent to Subway, the shell space is equipped with 400-amp, 208V 3-phase electrical service already installed. An ideal setup for retail, office, medical/wellness, personal-care, or quick-service concept. City approved restaurant plans available upon request. Generous tenant improvement allowance available. The corner carries 56,965 combined vehicles per day, one mile east of I-17 and 3 miles south of Loop 101, anchored by established co-tenants Subway, Circle K, Kids Empire, and Salvation Army. Within 3 miles the trade area holds 149,355 residents, 45,447 daytime employees, $92,331 average household income, and $1.8 billion in annual consumer spending. sits just 13.5 miles from TSMC's $165 billion Arizona semiconductor campus, a six-fab investment bringing thousands of high-wage jobs and accelerating growth across North Phoenix.

  • Corner Lot
  • Pylon Sign
  • Restaurant
  • Signage
  • Signalized Intersection
  • Monument Signage
  • Air Conditioning

Attachments

View the Greenway Plaza flyer
Floor Plan
Fairly walkable
40/100
Exceptionally drivable
100/100
Some public transit
40/100
Moderately bikeable
60/100

Demographics

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 mile
3 mile
5 mile
2025 Population
19,703
149,355
391,993
2030 Population
21,584
155,071
405,775
2025-2030 Projected Population Growth
9.6%
3.8%
3.5%
Median Age
35.0
37.8
37.8
College Degree + Higher
28%
26%
25%
Daytime Employees
2,306
45,447
143,809
Total Businesses
279
4,735
16,082
Average Household Income
$83,833
$92,331
$92,256
Median Household Income
$57,416
$68,261
$71,214
Total Consumer Spending
$224.6M
$1.8B
$4.7B
2025 Households
8,428
60,377
155,033
Average Home Value
$534,500
$451,644
$443,410
$ values in USD

Nearby Major Retailers

Starbucks
Bank of America
  • Listing ID: 38327605

  • Date on Market: 2025-11-04

  • Last Updated:

  • Address: 1825-1855 W Greenway Rd, Phoenix, AZ 85023

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