3725 Southern AveMesa, AZ 85206
- Retail properties
- 64,242 SF
Property Details for 3725 Southern Ave
- Year built
- 1988
- Lot size
- 9.08 AC
- Property size (Sq ft)
- 64,242 SF
- Property type
- Retail properties
- Property subtype
- Lifestyle 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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].