Overview
Winson acquired the Lindsay Square Shops in 2025, a multi-tenant neighborhood shopping center in Gilbert, Arizona. Lindsay Square Shops is a true neighborhood center positioned on a hard corner intersection with limited surrounding retail. Just over a mile East is the booming trade area of San Tan Village with little to no vacancy. Lindsay Square Shops benefits from prime visibility and easy accessibility within one of Gilbert's most affluent and rapidly growing communities. The Property is strategically positioned to serve a high-income residential base and benefits from strong local and commuter traffic. The high-traffic intersection ensures excellent exposure, with over 44,000 cars/day which will continue to grow as the new 202 interchange becomes a prominent gateway.
Key Highlights
- Stable Income & Growth Potential: Low in place rent positions the Property for long-term success and stable rent growth over time. The Gilbert submarket has a vacancy rate of 3.1%, near the lowest level on record. The Phoenix MSA has a vacancy rate of 5.1% (Costar).
- Limited Retail Competition: The Property stands as the sole retail hub at the intersection of Lindsay and Williams Field Roads, surrounded by rooftops. The recent addition to the Loop 202 & Santan freeway interchange on Lindsay enhances accessibility.
- Visibility, Access & Parking: The Property has excellent fundamentals including abundant ingress/egress, tenant signage, and ample parking. The recent addition of the new Loop 202 Santan Freeway interchange at Lindsay enhances exposure to the site.
- Neighborhood Retail: The Property serves a dense population of 11,287 residents within a mile and an average household income of $198,778 compared to $114,041 in the Phoenix MSA.
- Service & Destination Oriented Tenants: 100% of the Tenants at the Property are Service, Fitness, and Restaurant tenants. 6 out of 12 tenants are educational or fitness related providing a health and wellness component.
