For Sale
$2,728,000

1325 Greenfield RdMesa, AZ 85205

Mesa, AZ Shopping Center - Strong Tenants

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 6,600 square foot shopping center in Mesa, Arizona, presents a compelling investment opportunity. Located at 1325 N Greenfield Rd, within the Mountain View Plaza, this single-story, 2003-built property boasts 100% occupancy with two strong tenants under a triple-net (NNN) lease. The current lease has 11 years remaining, generating a substantial net operating income (NOI) of $170,493 and a 6.25% cap rate. The asking price is $2,728,000, translating to $413.33 per square foot. Situated on a 42,963 square foot lot with excellent visibility and ample parking, the property benefits from a prominent monument sign and high traffic counts due to its location near the northeast corner of N. Greenfield Road and E. Brown Road. One tenant, Cracker's Café, has been a fixture since the building's construction in 2005, and has expanded to other locations. The other tenant, Milan Laser, operates a large network of clinics across the country. The property is zoned LC - Limited Commercial and offers a stable, core investment with long-term potential. This is a rare opportunity to acquire a well-established, high-performing retail center in a prime Mesa location.

Highlights

  • 6,600 SF shopping center in Mesa, AZ, located at 1325 N Greenfield Rd.
  • 100% occupied with two strong tenants under a triple-net (NNN) lease.
  • $170,493 annual NOI and a 6.25% cap rate.
  • Asking price: $2,728,000 ($413.33/SF).
  • Located on a 42,963 SF lot with excellent visibility and ample parking near N. Greenfield Rd and E. Brown Rd.

Property Details for 1325 Greenfield Rd

Property type
Lifestyle centers, Power centers
Square Feet
6,600 SF
Year Built
2003
Buildings
1
Stories
1
Units
2

Location Insight

City
Mesa
County
Maricopa
State
Arizona
Latitude
33.439476689923
Longitude
-111.73554541891
1325 Greenfield Rd, Mesa, Arizona

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1325 Greenfield Rd
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