Greenway Promenade

For Lease

5930 W Greenway Rd, Glendale, AZ 85306

You can currently find 4 retail space(s) available for lease at Greenway Promenade. Designated use type for space listed here includes strip and retail. Current retail listings at this property total 6,133 square feet. Lease type options include NNN. Expand the listing and property details below for additional information on leasing opportunities at Greenway Promenade.

Space Available For Lease 4

Contacts

broker
Richard R. Lewis Jr.

SVN | Desert Commercial Advisors

Property Details

  • Property Type Retail
  • Property Size 62,949 SF
  • Units 26
  • Lot Size 8 Acre
  • Parking Spaces Avail. 375
  • Parking Ratio 5.96 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1988
  • Date Updated Mar 14, 2025
Greenway Promenade is located in the city of Glendale, north of the historic downtown area. The property is within the Arrowhead submarket, which has seen positive growth over the last decade. Offering road frontage along both Greenway Road and 59th Avenue, as well as close proximity to the I-17, US-60, and Loop-101 freeways. Popular attractions around the property include Arizona State University West Campus, Grand Canyon University, Glendale Community College, shops at Arrowhead Towne Center, and Peoria Sports Complex (P83), home to spring training for the Seattle Mariners and San Diego Padres.SVN Desert Commercial Advisors, as the exclusive representative of the Seller, is pleased to offer for sale Greenway Promenade, a stabilized neighborhood retail center in the west valley. While the center is currently 95% occupied the properties' average per square foot rental rate is 20% below the market average. The property also includes two separate, fully leased out freestanding buildings that could be sold after acquisition and additionally, the forecasted rental increase of $52,863 in 2020, represents a 6.2% improvement from the previous year. Combine these with the strong fundamentals of the Arrowhead Ranch Submarket, the areas projected growth and the properties proximity to various universities and it is easy to see why Greenway Promenade is the perfect property for any owner.SVN Desert Commercial Advisors, on behalf of the Owner, is pleased to offer for lease the last remaining vacancies at Greenway Promenade. The vacancies represent several unique opportunities within the center. Suite 2 totals ±2,272 of leasable space on the eastern side of the property near 59th Ave. While Suite 10 is suitable for smaller operators, at ±964 SF. Suites 19, 20/21 represent a combined ±2,897 SF of space on the western side of the complex near the Greenway Rd entrance. Suites 20 and 21 are currently combined with a shared wall to suite 19, providing the remainder of the available space.
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Highlights

  • Well-established Neighborhood Retail Center in Glendale, AZ
  • Diverse Tenant Mix | Regional & Local Tenants
  • Arrowhead Ranch Submarket
  • Strong Growth & Substantial New Development in Surrounding Area
  • Directly Adjacent to Arizona Christian University
  • Near ASU West Campus & Grand Canyon University

Getting around

  • 55/100

    Walk Score ®

  • 31/100

    Transit Score ®

  • 54/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Glendale, AZ
  • Neighborhood Granada Estates
  • Zip Code 85306
  • Market Phoenix

Points of Interest

  • Waylost

    4.31 miles

  • Racewatch

    4.73 miles

  • Arntchoo

    4.73 miles

  • Cobb Canyon

    4.75 miles

  • Martin's Ferry

    4.80 miles

  • Geronimo

    4.83 miles

  • Gamble

    4.83 miles

  • Little Bug

    4.84 miles

  • Moore Turn

    4.86 miles

  • Fisher

    4.86 miles

  • Shell

    0.09 miles

  • Circle K

    0.85 miles

  • EVgo

    0.98 miles

  • Fry's Fuel

    1.13 miles

  • 76

    1.26 miles

  • Chevron

    1.36 miles

  • Fry's Fuel Center

    1.36 miles

  • QuikTrip

    1.51 miles

  • ChargePoint

    1.87 miles

  • Marathon

    2.12 miles

  • Arizona Christian University | Parking Lot 3

    0.37 miles

  • Arizona Christian University | Parking Lot Guest

    0.56 miles

  • Green Lot

    1.20 miles

  • Blue Lot

    1.22 miles

  • Purple Lot

    1.24 miles

  • East Parking Garage

    1.30 miles

  • South Tower Parking Garage

    1.35 miles

  • Clinic Parking Garage

    2.28 miles

  • Parking - Manuel's Mexican Restaurant

    3.07 miles

  • Parking - US Post Office

    3.14 miles

  • Ray's Pizza

    0.08 miles

  • McDonald's

    0.77 miles

  • Pizza Hut

    0.81 miles

  • Taco Bell

    0.84 miles

  • Long John Silver's

    0.84 miles

  • Black Bear Diner

    0.85 miles

  • Garcia's

    0.86 miles

  • Filiberto's

    0.86 miles

  • El Pollo Loco

    0.87 miles

  • Macayo's

    0.88 miles

  • Walmart Supercenter

    0.69 miles

  • ALDI

    0.79 miles

  • Sprouts Farmers Market

    0.81 miles

  • WinCo Foods

    1.01 miles

  • Fry's Food and Drug

    1.21 miles

  • Big Lots

    2.21 miles

  • Walmart Neighborhood Market

    2.21 miles

  • TJ Maxx

    2.24 miles

  • Burlington

    2.26 miles

  • Albertsons

    2.28 miles

5930 W Greenway Rd Listing Brief

  • A property’s location contributes to the asking rent almost as much as its characteristics do. For instance, central urban locations with high walkability or suburban locations with ample parking and easy access by car will claim higher rents but offer superior access to your customer base. Likewise, the quality of the building systems and property finishes have a significant impact on how businesses can conduct their activity there, as well as on the experience of their customers.

    5930 W Greenway Rd is located in Granada Estates, which is home to a total of 4 listing(s). Retail space at Greenway Promenade asks $16.00/SF/YR per square foot.

  • The property includes 6,133 square feet of retail space for lease. Of this total, 5,169 square feet are Retail, 964 square feet are Strip.

    Lease agreement conditions for the availability at this property include NNN.

    For more information or to schedule a tour of the property, use the convenient contact form on this page to get in touch with a representative.

  • You should keep in mind that different areas gradually build a reputation as hotspots or desirable corridors for shopping, eating, or other entertainment and consumer activities. So, while renting retail space in an area with a well-established high-end reputation might mean more customers that are more willing to spend, it will also place you in a more competitive environment.

    For car-travelling customers, 5930 W Greenway Rd has a parking ratio of 5.96 / 1,000 SF, offering 375 parking spaces. The size of the space, the quality of the build, special attributes, as well as overall upkeep and property rating can also influence the going rate. For instance, properties that were renovated or rehabilitated more recently bring greater value to tenants.

    Knowing your ideal customer is essential. For your consideration, the average age of residents in Granada Estates is 37. The average household income here is $82,060 per year.

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Richard R. Lewis Jr.

SVN | Desert Commercial Advisors

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