PHOENIX, ARIZONA (November 29, 2023) – NAI Horizon facilitated the sale of 4.72 acres of retail land in Goodyear, Arizona. This prime pad site is located at the southeast corner of Estrella Parkway and Elliot Road, the main entry intersection of the master-planned community of Estrella.
NAI Horizon Executive Vice President Lane Neville and Associate Cole Neville represented the seller, Kitchell Development (Marketplace Square at Estrella, LLC) in the $2.3 million land sale.
The buyer was Rachel and Alex Gomez (Estrella Mountain Lago, LLC), the owners of Rio Mirage Café. This will be the third restaurant location in the Valley for Rio Mirage Café. The other two locations are Surprise and El Mirage. Rio Mirage Café has been in business since 1999, specializing in Sonoran-style recipes handed down for generations.
“On behalf of our owner, it truly has been a pleasure working with Rachel and Alex Gomez on their dream to build a third restaurant location in the Valley,” Lane Neville said. “To be a small part of making their vision possible in Estrella has been very rewarding.”
Home to 8,000 households, Estrella is a 20,000-acre mixed-use master-planned community located in the City of Goodyear, approximately 17 miles west of Phoenix. Estrella features more than 500 acres of parks and open space including more than 50 miles of paths and trails; 72 acres of lakes for kayaking, sailing, and catch-and-release fishing; and the Starpointe and Presidio Residents Clubs.
“As owner of the Marketplace Square, the Safeway-anchored retail center across the street, we are thrilled to have been part of bringing Rio Mirage Café to Estrella,” said Rob Schramm, President of Kitchell Development. “The community residents are in for a real treat; the Gomez’ are exceptional restaurant operators and the atmosphere and quality of food and service they create will generate strong community patronage.”
Added buyer principal Rachel Gomez: “Our reception in the Estrella community has been overwhelmingly positive and supportive. Our selected restaurant location has amazing exposure at the entry of Estrella. The panoramic views overlooking the community’s North Lake, area mountains, and the Starpointe Residents Club will create a special dining atmosphere that all will enjoy. We are very excited to expand our family’s restaurant business with this outstanding third location in Estrella.”
For additional information on other commercial and retail land sale opportunities, contact Lane Neville at lane.neville@naihorizon.com.