Southgate Center 2 biens • Commerce de détail • À vendre 24 875 295 $ CAD • Phoenix, AZ

CBRE National Retail Partners Group, as exclusive advisors, are pleased to present the opportunity to acquire Southgate Center (the “Property”), a 97,840 square foot Food City anchored shopping center, located north of the northeast corner of Central Avenue and Baseline Road in Phoenix, Arizona.
Southgate Center is a dynamic retail property strategically located along South Central Avenue in Phoenix, Arizona. Anchored by Food City, the center spans a diverse mix of tenants including Metro by T-Mobile, Hungry Howie’s, MidFirst Bank, Tortas Paquime, and Freeway Insurance. The tenant mix reflects a strong balance of national, regional, and local brands and over 52,000 square feet to Food City alone, the center serves as a vital community hub offering essential services, dining, and retail options.
The surrounding demographics reinforce Southgate Center’s value proposition. Within a one-mile radius, the population exceeds 19,000 and is projected to grow to over 20,000 by 2030. The Hispanic population comprises approximately 73% of the local community, making Southgate Center an ideal location for culturally relevant retail offerings. Food City, known for its in-house tortillerias and fresh Hispanic cuisine, is particularly well-positioned to serve this demographic. The average household income within one mile is approximately $87,667, with steady growth expected, and the population density is notably high at over 6,200 people per square mile, supporting strong retail demand.
The recent completion of the South Central Extension/Downtown Hub of the Valley Metro light rail system has significantly enhanced accessibility to Southgate Center. This 5.5-mile extension connects South Phoenix to downtown and the broader Valley Metro network, introducing the region’s first two-line rail system 1 2 3. With eight new stations and a major transit hub downtown, the project is expected to add over 8,000 daily riders to the system. The extension includes upgraded bike lanes, pedestrian pathways, and public art installations, transforming the corridor into a vibrant, multimodal destination. Southgate Center benefits directly from this infrastructure investment, increasing its visibility and connectivity for both residents and visitors.
In summary, Southgate Center offers a compelling investment opportunity supported by robust demographics, strategic location, and enhanced transit connectivity. The newly opened Valley Metro light rail extension amplifies the center’s accessibility and growth potential, while the tenant mix and cultural alignment ensure continued relevance and engagement with the surrounding community. As South Phoenix evolves, Southgate Center stands poised to benefit from increased mobility, population growth, and sustained consumer demand.