3725 Southern AveMesa, AZ 85206

Property Details for 3725 Southern Ave

Year built

1988

Lot size

9.08 AC

Property size (Sq ft)

64,242 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional investment opportunity presents a 64,242-square-foot shopping center in Mesa, Arizona, anchored by a Goodwill store with a long-term lease extending to 2032. The property boasts 9 tenants, achieving a 95.5% occupancy rate as of October 1, 2024, generating a strong net operating income (NOI) of $797,895 and a 7.01% cap rate. Priced at $11,390,000 ($177.30/sq ft), the center features below-market rents, offering significant upside potential. Situated on a 9.08-acre lot with 1,093 parking spaces, the property benefits from a prime location at 3725 E Southern Ave, Mesa, AZ 85206, experiencing high daily traffic volume. The property is zoned LC and includes developable land parcels, adding further value and potential for future expansion. Built in 1988, this stabilized multi-tenant retail center provides a compelling investment opportunity with strong cash flow and significant long-term growth prospects. The property's diverse tenant mix caters to daily needs, including salons, specialty activities, and dining establishments. Its excellent visibility from Val Vista Drive and Southern Avenue ensures consistent customer traffic. The inclusion of developable pads provides a unique opportunity to enhance the property's income-generating capabilities and adapt to evolving market demands. This is a rare chance to acquire a well-positioned, income-producing asset with substantial upside potential. APN: 140-57-345A, 140-57-346, 140-57-347, 140-57-348.

Location Insight

City

Mesa

County

Maricopa

State

Arizona

Latitude

33.3925

Longitude

-111.752

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