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          Clemente Ranch          

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Address(es):  Germann Rd & Alma School Rd
City:  Chandler
State:  Arizona
Rating Level:  A
Units:  22
Buildings:  1
Building Size:  34,133 Rentable Square Feet
Land:  4.27 acres
Parking Spaces:  
Year Built:  2002-03
Date Acquired:   2003
   

The Shoppes at Clemente Ranch ("SCR") is a new class "A" neighborhood shopping center located at the southwest corner of Alma School Road and Germann Roadin Chandler,Arizona. Completed in early 2003, SCR contains 34,133 sq.ft.of net leasable shop space area housing approximately 22 tenants contiguous to a 62,605 sq. ft.  Fry's Food and Drug. The tenant mix is a synergistic blend of national, regional and local tenants. The majority of the shop tenants have signed 5 year leases, although three have committed to 10 year leases and one tenant committed to 3 year term. Such notable tenants including; The UPS Store, Quiznos Subs, State Farm Insurance, First American Title Company, US Cash, Nothing But Noodles and Rosati's Pizza are all strong brand names in the marketplace providing the draw to the center.

The property is situated in the Mesa/Chandler/Gilbert retail submarket, one of the largest and most dynamic of Phoenix’s retail areas, with a vacancy rate of just 6.4%.The city of Chandler is one of the fastest growing cities in the United States, with a 95% population increase from 1990 to 2000. Chandler is the leading high-tech region in Arizona providing large campuses for employers as Intel, Microchip, Motorola, Wells Fargo, Charles Schwab and Honeywell, among others. The population in a 3-mile radius of the property is more than 71,000 people. The average household income within a one mile radius is more than $82,000; significantly higher than the Phoenix Metro Area average. Chandler is home to the largest Intel semiconductor fabrication plant in the world, located 4 miles away. The majority of the world's supply of Pentium chips are created in Chandler.







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