Aldi Rapidly Expands Phoenix Footprint with Three New Metro Leases

Discount grocer Aldi signs three new leases in Phoenix, Peoria, and Cave Creek as part of a $9B nationwide expansion aiming for 40 local stores by 2030.

By: AXL Media

Published: Mar 26, 2026, 11:38 AM EDT

Source: Bisnow

New Locations and Leasing Details

Aldi is strategically backfilling vacancies left by big-box and entertainment closures, leveraging existing retail infrastructure to accelerate its rollout. The three new sites include:

Phoenix (Tatum Point): A 25,000-square-foot site at Tatum Boulevard and Bell Road. This location, secured via a 10-year lease, formerly housed a Big Lots.

Peoria (Peoria Station): A nearly 26,000-square-foot space at Peoria and 67th avenues. This 10-year lease takes over the site of the former Rush Fun Park.

Cave Creek (Cave Creek Gateway): A 19,000-square-foot unit at 51st Street and Carefree Highway. This 20-year lease is part of a new ground-up development.

While specific opening dates for these three stores have not been finalized, they represent a significant step toward the company's 2026 milestone of 2,800 total U.S. locations.