Department Store
Kohl's - New Lease Extension | Phoenix - Strong Demos: $122k+ Avg. HHI | 20+ Yr Historical Occupancy
4637 E Chandler Blvd, Phoenix, AZ 85048
Listing Price: $11,760,000
Investment Overview
Phoenix, the capital of Arizona and the fifth most populous city in the United States, is a dynamic urban center with a population of over 1.6 million. Located in the Salt River Valley and known as the Valley of the Sun, Phoenix serves as a major hub for finance, transportation, and communications in the Mountain West. The city features broad, tree-lined avenues, Spanish-style architecture, and is surrounded by desert landscapes and mountain preserves, offering over 41,000 acres of parks and more than 200 miles of trails. Its warm, sunny climate allows for year-round outdoor activities, while its growing infrastructure includes 325 public schools and nearly 5,000 miles of streets. As one of the fastest-growing cities in the country, Phoenix continues to attract new residents and visitors drawn to its mix of natural beauty, cultural landmarks, and economic opportunity.
Kohl's - New Lease Extension | Phoenix - Strong Demos: $122k+ Avg. HHI | 20+ Yr Historical Occupancy
Investment Highlights
- Renowned Tenant - Kohl's is a nationally recognized department store chain with over 1,100 locations. Kohl's holds a S&P Credit Rating of "BB-". The company generated more over $16 billion in revenue.
- Long-Term Income Security - 20+ Year Historical Occupancy and Recent Ten-Year Lease Extension through 2034 Demonstrating a Strong Commitment to the Location.
- Nearby Major Employers - Located near two major healthcare institutions: the Banner Desert Medical Center and Dignity Health Chandler Regional Medical Center.
- Attractive Lease with Minimal Landlord Obligations - Landlord obligations limited to roof / structure. Tenant installed a new roof in 2021 at their cost and is responsible for all minor repairs.
- High- Visibility Location with Robust Traffic - Benefits from strong daily traffic counts exceeding 40,000 vehicles at the intersection, with immediate access to I-10 (224k+ VPD) and Loop 202, with convenient access to downtown Phoenix and Sky Harbor International Airport.
- High-Density, Affluent Submarket - Located in the desirable Ahwatukee Foothills submarket, with over 140k residents with an average household income exceeding $122k within a 5-mile radius. This strong demographic base supports steady consumer spending and long-term retail stability.
- One of the Fastest Growing and Most Resilient Economies - The Greater Phoenix region generates over $325 Billion in annual economic output, making it one of the top-performing metro economies in the nation. Phoenix ranks among the fastest-growing cities in the United States.
- Dominant Retail Location with Limited Competition - Positioned within a premier retail corridor with limited direct competition. Next nearest Kohl's is over 8 miles away. Minutes from Chandler Fashion Center, a top-tier regional mall with 1.3 million+ SF of retail, dining, and entertainment, attracting strong consumer traffic and reinforcing the area's retail draw. Close Proximity to Premier Lifestyle Amenities - Downtown Phoenix is home to a vibrant mix of cultural attractions, including museu
Exclusively Listed By
Broker of Record
-
Ryan Sarbinoff
First Vice President/Regional Manager
Department Store
Kohl's - New Lease Extension | Phoenix - Strong Demos: $122k+ Avg. HHI | 20+ Yr Historical Occupancy
Listing Price: $11,760,000
Investment Highlights
- Renowned Tenant - Kohl's is a nationally recognized department store chain with over 1,100 locations. Kohl's holds a S&P Credit Rating of "BB-". The company generated more over $16 billion in revenue.
- Long-Term Income Security - 20+ Year Historical Occupancy and Recent Ten-Year Lease Extension through 2034 Demonstrating a Strong Commitment to the Location.
- Nearby Major Employers - Located near two major healthcare institutions: the Banner Desert Medical Center and Dignity Health Chandler Regional Medical Center.
- Attractive Lease with Minimal Landlord Obligations - Landlord obligations limited to roof / structure. Tenant installed a new roof in 2021 at their cost and is responsible for all minor repairs.
- High- Visibility Location with Robust Traffic - Benefits from strong daily traffic counts exceeding 40,000 vehicles at the intersection, with immediate access to I-10 (224k+ VPD) and Loop 202, with convenient access to downtown Phoenix and Sky Harbor International Airport.
- High-Density, Affluent Submarket - Located in the desirable Ahwatukee Foothills submarket, with over 140k residents with an average household income exceeding $122k within a 5-mile radius. This strong demographic base supports steady consumer spending and long-term retail stability.
- One of the Fastest Growing and Most Resilient Economies - The Greater Phoenix region generates over $325 Billion in annual economic output, making it one of the top-performing metro economies in the nation. Phoenix ranks among the fastest-growing cities in the United States.
- Dominant Retail Location with Limited Competition - Positioned within a premier retail corridor with limited direct competition. Next nearest Kohl's is over 8 miles away. Minutes from Chandler Fashion Center, a top-tier regional mall with 1.3 million+ SF of retail, dining, and entertainment, attracting strong consumer traffic and reinforcing the area's retail draw. Close Proximity to Premier Lifestyle Amenities - Downtown Phoenix is home to a vibrant mix of cultural attractions, including museu
Investment Overview
Phoenix, the capital of Arizona and the fifth most populous city in the United States, is a dynamic urban center with a population of over 1.6 million. Located in the Salt River Valley and known as the Valley of the Sun, Phoenix serves as a major hub for finance, transportation, and communications in the Mountain West. The city features broad, tree-lined avenues, Spanish-style architecture, and is surrounded by desert landscapes and mountain preserves, offering over 41,000 acres of parks and more than 200 miles of trails. Its warm, sunny climate allows for year-round outdoor activities, while its growing infrastructure includes 325 public schools and nearly 5,000 miles of streets. As one of the fastest-growing cities in the country, Phoenix continues to attract new residents and visitors drawn to its mix of natural beauty, cultural landmarks, and economic opportunity.
Exclusively Listed By
Broker of Record
-
Ryan Sarbinoff
First Vice President/Regional Manager
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