Diversified Partners, one of Arizona’s leading real estate brokerage and development firms, has announced a new retail development opportunity at the southeast corner of Bella Vista Road and Gantzel Road in San Tan Valley, Arizona, one of the region’s fastest-growing residential corridors.
The planned ±3.84-acre retail development will include multiple retail pads, with up to ±1.95 acres available for sale or ground lease, offering flexible opportunities for quick-service restaurants, automotive users and service-oriented retailers looking to expand into the rapidly growing market.
A Terrible’s convenience store and gas station is planned for the hard corner of the site, helping anchor the project and establish a new neighborhood retail hub serving the surrounding communities.
Located along two major arterials, the property benefits from strong traffic counts of approximately 14,957 vehicles per day on Bella Vista Road and 19,875 vehicles per day on Gantzel Road, providing excellent visibility and accessibility for future tenants.
“The San Tan Valley and Queen Creek markets continue to experience tremendous residential growth, creating strong demand for convenient neighborhood retail,” said Walt Brown Jr., founder and CEO of Diversified Partners. “This site offers excellent visibility and access in a rapidly expanding trade area, making it an ideal location for restaurants, service providers and retailers looking to meet the needs of the growing population.”
The development sits adjacent to the new 252-unit Rancho Bella Vista apartment community, currently under construction, bringing hundreds of new residents within walking distance of the future retail center.
According to demographic data from Sites USA, the area within a five-mile radius currently has a population of more than 103,900 residents, which is projected to grow to more than 131,500 residents by 2030. The average household income in the area is approximately $124,800.
Strategically positioned between the expanding Queen Creek and San Tan Valley markets, the development is expected to help support the continued growth of retail and services needed to serve the surrounding communities.
Retail pads at the property can be configured to meet individual tenant needs, with the remaining land available for sale or lease either in its entirety or demised into smaller parcels.
Retail leasing and sales for the project are being led by Jack Rodrigues and Delaney McGroarty of Diversified Partners.
