800 University DrTempe, AZ 85281

Property Details for 800 University Dr

Property size (Sq ft)

250,000 SF

Property type

Other commercial real estate

Property subtype

Other retail properties

Description

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.

Location Insight

City

Tempe

County

Maricopa

State

Arizona

Latitude

33.4222

Longitude

-111.927

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