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800 University DrTempe, AZ 85281

250,000 SF Retail Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 250,000 square foot retail space presents a unique investment opportunity within the 355-acre Novus development in Maricopa County. Situated at the intersection of Rural Road and University Drive, this single-tenant property benefits from a high-traffic location, averaging 47,000 vehicles daily on Rural Road and 30,000 on University Drive. The development is a master-planned, mixed-use project, ultimately encompassing nearly 10 million square feet of urban space. This includes 4.5 million square feet of office space and 4,100 market-rate multi-family units, creating a vibrant and densely populated surrounding community. The location at the convergence of Scottsdale, Tempe, and Phoenix offers unparalleled access to a large consumer base. Furthermore, the property's proximity to a new world-class athletics district and four major highways ensures exceptional visibility and accessibility. This is a chance to establish a significant brand presence within a rapidly growing area known for its innovation and design, attracting cutting-edge concepts and best-in-class operators. The entire development is designed with sustainability and best-in-class planning in mind, promising a long-term, stable investment. The sheer scale of the project and its strategic location make this a truly exceptional opportunity.

Highlights

  • 250,000 SF retail space available in a single-tenant building.
  • Located on a 355-acre master-planned mixed-use development in Maricopa County.
  • High-traffic location with Rural Rd averaging 47,000 vehicles per day and University Dr averaging 30,000 vehicles per day.
  • Part of a new world-class athletics district.

Property Details for 800 University Dr

Property type
Retail properties, Restaurants
RSF (Rentable sq. ft)
250,000 SF

Unit(s) available at that property

Space
Available Space
Size
250,000 SF

Location Insight

City
Tempe
County
Maricopa
State
Arizona
Latitude
33.4221891
Longitude
-111.9271342
800 University Dr, Tempe, Arizona

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800 University Dr
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