Aldi Filling Its Cart With 3 Planned Phoenix Metro Locations
Discount grocery chain Aldi is expanding across metro Phoenix, filling large retail spaces left vacant by big-box closures, the Phoenix Business Journal reports.
Since the beginning of March, the Germany-based discount chain has signed three leases for stores in Phoenix, Peoria and Cave Creek.
The chain signed a 10-year lease with Tatum Venture for the roughly 25K SF Phoenix site at Tatum Boulevard and Bell Road, formerly a Big Lots store, in the Tatum Point retail center.
Aldi signed another 10-year lease with Imagine Peoria Properties for the Peoria location, which spans close to 26K SF at the site of a former Rush Fun Park at Peoria and 67th avenues in the Peoria Station shopping center.
The Cave Creek site will be in a new space. Aldi signed a 20-year lease with SC Fullerton Properties for 19K SF at 51st Street and Carefree Highway as part of a new Cave Creek Gateway development.
Opening dates for the three stores have not yet been announced.
Aldi reportedly aims to launch at least 10 new locations in the Valley this year and a total of 40 by the end of 2030.
The new stores are in addition to Aldi’s previously announced plans for a 569K SF distribution center in Goodyear, Arizona, according to Real Estate News and Commercial Sales Comps. It will include some 17K SF of office space, the publication reported. Aldi said it plans to open the center in 2028.
Late last year, Aldi signed multiple leases and acquired multiple properties in the metro area, many former 99 Cent Only stores that shut down in 2024, PBJ reported.
This year, the company announced plans to open more than 180 new stores across 31 states. The ongoing rapid expansion is part of Aldi’s commitment to invest $9B across the country over the next two years.
Phoenix has seen increasing supermarket demand as the Valley’s population continues to grow significantly. Earlier this year, Asian grocery chain 99 Ranch Market filed plans to open a new Valley location at a former Sears site at Arrowhead Town Center in Glendale.
Specialty grocery stores such as Sprouts Farmers Market, Vallarta Supermarkets, Trader Joe’s and Whole Foods Market have also been growing their footprints across the area.
Phoenix retail in general remained stable in 2025, with vacancy at 4.7%, according to a 2025 market report by Matthews. While there were closures of national chains, all space was quickly filled, largely by grocers. Retail sales volume in general passed $600M in Q3 last year, led by grocery-anchored centers similar to the ones housing the new Aldi locations.
