PHOENIX, AZ MARKET PROFILE 2016 PROPERTY TYPE: Super-regional TOTAL SQUARE FEET: 1,151,000 MAJOR RETAILERS: Costco, Dillard s, JCPenney, Macy s, Sears RESTAURANTS & ENTERTAINMENT: Chili s, Chipotle, Chompie s, Oregano s, Paradise Bakery & Café, Raising Cane s, Picture Show Movie Theatre, Carousel FOOD COURT: 10 units BUILT / RENOVATED: 1978 / 2008 FOR INFORMATION: 602-996-8846 Macerich.com
DEMOGRAPHIC SUMMARY POPULATION PRIMARY TRADE AREA TOTAL TRADE AREA 2015 Total Population 232,041 812,244 4,457,713 2020 Total Population 244,008 854,777 4,781,069 2015-2020 Population Growth 5.2% 5.2% 7.3% PHOENIX-MESA-SCOTTSDALE, AZ [MSA] HOUSEHOLDS 2015 Total Households 95,689 339,259 1,632,093 2020 Total Households 100,924 358,341 1,752,708 2015-2020 Household Growth 5.5% 5.6% 7.4% INCOME Average Household Income $84,932 $84,547 $73,071 Median Household Income $60,438 $56,475 $53,037 Per Capita Income $35,160 $35,428 $27,064 HOUSEHOLD INCOME RANGES $50,000 + 55,986 58.5% 188,758 55.6% 866,786 53.1% $75,000 + 40,006 41.8% 132,246 39.0% 572,431 35.1% $100,000 + 27,953 29.2% 92,208 27.2% 365,727 22.4% $150,000 + 13,119 13.7% 45,418 13.4% 151,440 9.3% AGE Median Age 39.8 39.7 35.4 EDUCATION/OCCUPATION LEVELS Bachelor s Degree Plus 64,026 39.5% 222,864 39.4% 853,623 29.5% White Collar 84,824 70.7% 273,954 69.5% 1,200,338 62.4% RACE/ETHNICITY White 191,967 82.7% 646,878 79.6% 3,172,482 71.2% Black 6,273 2.7% 27,618 3.4% 236,992 5.3% American Indian 2,487 1.1% 13,129 1.6% 111,777 2.5% Asian 9,452 4.1% 34,670 4.3% 167,844 3.8% Pacific Islander 324 0.1% 1,236 0.2% 10,253 0.2% Other Race 21,537 9.3% 88,713 10.9% 758,366 17.0% Hispanic or Latino 38,811 16.7% 154,112 19.0% 1,354,848 30.4% Not Hispanic or Latino 193,230 83.3% 658,133 81.0% 3,102,865 69.6% DAYTIME EMPLOYMENT Total Businesses 9,922 43,377 154,763 Total Employees 93,237 494,563 1,977,133 Source: U.S. Census Bureau, Census 2010 Data. Esri forecasts for 2015 and 2020
TRADE AREA MAP LEGEND PARADISE VALLEY MALL PRIMARY TRADE AREA SECONDARY TRADE AREA COMPETITIVE CENTERS OTHER CENTERS N 10% PCW
SITE PLAN SEARS AUTO PICTURE SHOW MOVIE THEATER PARADISE CAR SPA RAISING CANE S Just off Highway 51 and Loop 101 Freeway, Paradise Valley Mall is a favorite destination for residents of Paradise Valley (the wealthiest suburb of Phoenix), Scottsdale and North Phoenix. The center is located in the heart of 1.2 million square feet of office space and surrounded by an expansive offering of retailers and restaurants. The center accommodates a five-anchor mix with nearly 100 specialty stores and eateries. Catering to a market with strong family demographics, Paradise Valley Mall offers family focused amenities including a play area, Kids Club and a carousel, serving 63 private and public schools with more than 34,000 students. The center s trade area benefits from a daytime population of 494,500 employees and six major hotels. Embassy Suites hotel, with 270 rooms, is within walking distance of the center. Paradise Valley Mall s centralized location to 11 spring training locations and numerous hotels allows it to cater to sports enthusiasts with its retail offerings.
MARKET INFORMATION MAJOR EMPLOYERS EMPLOYEE COUNT 1 BANNER HEALTH 26,472 2 WALMART 15,437 3 WELLS FARGO 13,287 4 FRY S FOOD AND DRUG STORES 12,510 5 INTEL CORP 11,760 6 BANK OF AMERICA 9,809 7 HONEYWELL 9,680 8 JPMORGAN CHASE & CO 8,335 9 MCDONALD S 6,652 10 BASHAS 6,153 YEARLY SALES MONTH SALES % JAN 7.5% FEB 7.8% MAR 8.7% APR 7.7% MAY 8.2% JUNE 8.3% JUL 7.8% AUG 7.9% SEP 7.8% OCT 7.2% NOV 8.7% DEC 12.4% HOUSING MEDIAN SELLING PRICE 2015 NEW HOUSING PERMITS - SINGLE & MULTI FAMILY 2015 PHOENIX $186,900 1,897 PARADISE VALLEY $1,000,000 50 SCOTTSDALE $436,000 545 CAVE CREEK $538,000 12 CAREFREE $633,000 31 VEHICLE TRAFFIC COUNTS MAJOR HIGHWAYS NEAR CENTER 2014 AVG DAILY MAJOR ROADS NEAR ENTRANCES 2014 AVG DAILY SR 51 AT CACTUS 124,000 TATUM AND CACTUS (NB-SB) 32,000 ARIZONA LOOP 101 (SR 51 TO TATUM) 241,000 TATUM AND CACTUS (EB-WB) 32,500 SCHOOLS NUMBER OF SCHOOLS NUMBER OF STUDENTS PARADISE VALLEY UNIFIED SCHOOL DISTRICT 44 32,000 SCOTTSDALE UNIFIED SCHOOL DISTRICT 31 29,400 COLLEGE/UNIVERSITY LOCATION STUDENT POPULATION ARIZONA STATE UNIVERSITY TEMPE 67,500 RIO SALADO COLLEGE TEMPE 60,000 UNIVERSITY OF PHOENIX, PHOENIX CAMPUS PHOENIX 4,000 PHOENIX COLLEGE PHOENIX 6,800 SCOTTSDALE COMMUNITY COLLEGE SCOTTSDALE 5,400 PARADISE VALLEY COMMUNITY COLLEGE PHOENIX 4,900 TOURISM MAJOR HOTELS NUMBER OF ROOMS JW MARRIOTT DESERT RIDGE RESORT 950 ARIZONA BILTMORE RESORT & SPA 740 WESTIN KIERLAND RESORT & SPA 732 THE FAIRMONT SCOTTSDALE PRINCESS 649 POINTE HILTON TAPATIO CLIFFS RESORT 584 POINTE HILTON SQUAW PEAK RESORT 563 EMBASSY SUITES, PHOENIX-SCOTTSDALE 270 UPDATED 3/16
R PHOENIX LIBRARY OWNED OTHER SPORTS AUTHORITY OFFICE MAX TOYS WELLS FARGO US BEST BUY ULTA BANK OF AMERICA SEARS AUTO DILLARD S STARBUCKS JARED SEARS IN-N-OUT BURGER OUTBACK STEAKHOUSE TATUM BLVD CHILI S GRILL & BAR WELLS FARGO ARBY S WENDY S JULIO G S SPROUTS FARMERS MARKET BBVA COMPASS BANK CHIPOTLE CVS CHASE BANK TILTED KILT WALMART MICHAELS CHICK-FIL-A PICTURE SHOW MACY S SEE S CANDIES M&I BANK OREGANO S MCDONALD S LONGHORN STEAKHOUSE TUESDAY MORNING HOBBY LOBBY BEAUTY BRANDS BIG 5 SPORTING GOODS HOMEGOODS STEINMART COSTCO JCPENNEY PARTY CITY T.J.MAXX CACTUS ROAD RAISING CANE S IHOP DOGGIE DISTRICT PET RESORT DUTCH BROS. COFFEE PARADISE CAR SPA REI TARGET DOLLAR TREE N PARADISE VILLAGE PARKWAY