Mesa Retail

Mesa, AZ

Price $1,979,000
Cap Rate 7.00%
TYPE Multi-Tenant
STATUS Available
Tenants H&R Block | Auto Now Financial | Etc.
LEASE TYPE NNN
SQUARE FEET 6,500
PRICE/SQ FT $315
YEAR BUILT 2006
LEASE EXP. 2021
LISTING AGENT Justin Zahn
480-214-5088 x102
justin@ciadvisor.com

Property Description

Mesa Retail is a 100% occupied strip center with a solid tenant mix and rental escalations. Mesa Retail has high drive-by visibility on the hard corner, adjacent to the Food City Grocery anchored retail center, where traffic counts exceed 60,380 cars per day! The subject property is in a densely populated infill area, just a ½ mile from the US-60 Hwy.

Mesa Retail is located in Mesa, Arizona, 20 miles East of Phoenix, and is the 3rd largest city in AZ. The subject property is nearby national retailers: Family Dollar, O’Reilly Auto Parts, AutoZone, Walmart, Costco, WinCo Foods, Home Depot, PetSmart, OfficeMax, Michael’s, AMC Theaters, Old Navy, Ulta Beauty, TJ Maxx, HomeGoods, etc. Mesa Retail is also just 3 miles from Mesa Community College and Banner Desert Medical Center.

Property Highlights

  • 100% Occupied Strip Center with Solid Tenant Mix & Rental Escalations
  • Located ½ Mile from the US-60 Hwy (240,680+ CPD) in a Densely Populated Infill Area
  • High Drive-by Visibility: Hard Corner Location Adjacent to Food City Grocery Anchored Retail Center where Traffic Counts Exceed 60,380 CPD!
  • 2017 Demographics - Total Population: 415,380 | Average Household Income: $67,645