Fiesta Palms II is a well-positioned retail asset within the established Fiesta Palms Shopping Center, benefitting from four points of ingress, strong tenant synergy, and a high-traffic location along Alma School Road. The property sits just south of the signalized intersection at Baseline Road, which sees +/-52,000 vehicles per day, with an additional +/-36,550 VPD along its frontage. US-60 is less than one mile away with +/-262,400 VPD. The surrounding trade area is experiencing significant growth. Population density and household formations continue to rise as 2,519 new apartment units are under construction and 1,822 units have been delivered within 3 miles since the start of 2024. Within 5 miles there are 438,000 residents with an average household income of $97,321. Within 1 mile, household incomes average $102,000 and home values average $430,000. The 80-acre Fiesta Mall redevelopment is less than one mile north of the property. Planned to deliver a sports stadium, 1.85M SF of commercial space and 4,000 residential units, this +/-$2.5B project is expected to become a transformative growth driver for the area for years to come.
- Age: 31-40 Years Old
- Architecture Style: Other