1636 Stapley DrMesa, AZ 85204

Property Details for 1636 Stapley Dr

Year built

2002

Construction

CONCRETE

Lot size

1.67 AC

Property size (Sq ft)

5,920 SF

Zone code

I-1

Property type

Retail properties

Property subtype

Turn key restaurants

APN

139-11-091

APU

13911091

Description

This exceptional investment opportunity presents a fee-simple ownership of a 6,320 square foot Red Robin restaurant in Mesa, Arizona. The property boasts a 15-year absolute NNN lease (commencing July 1, 2023, and expiring June 30, 2038), providing 13.6 years of remaining lease term with four 5-year renewal options. The lease includes a 10% rent increase every five years, ensuring consistent NOI growth and inflation protection. The property sits on a 1.67-acre lot with 98 parking spaces and benefits from a corporate guarantee. Located in a high-traffic area with excellent visibility, the restaurant is directly across from the Mesa Grand Power Center, a major retail hub with over 560,000 square feet of retail space and 4.1 million annual visits. The property also enjoys proximity to a large office center and major roadways, including US Highway 60, ensuring high consumer traffic. The strong demographics of the 5-mile trade area, with a population exceeding 419,800 and an average household income of $102,930, further enhance the investment potential. The property's NOI is $245,000, resulting in a 6.25% cap rate. The asking price is $3,920,000. Built in 2002, the property is zoned LI (Light Industrial) and features a well-established, nationally recognized tenant. This is a truly exceptional, low-management investment opportunity with significant long-term growth potential.

• CAP approach

  CAP return

  Valuation

  6%

  $2,758,765

  6.5%

  $2,546,552

  7%

  $2,364,656

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,365,293

  Geo Method

  $3,365,293

• Alternative Use

  Use

  Valuation

  Residential

  $2,148,112

  Hospitality

  $1,967,659

  Educational

  $1,637,069

  Medical

  $1,693,371

  Retail

  $2,546,552

Location Insight

City

Mesa

County

Maricopa

State

Arizona

Latitude

33.3837

Longitude

-111.807

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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].