2110 W Southern Ave
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2110 W Southern Ave
10,475 SF 100% Leased Retail Building Mesa, AZ 85202 £2,981,516 (£285/SF) 6% Net Initial Yield
Investment Highlights
- Multi-tenant Investment Opportunity: Firehouse Subs, Dogos y Tacos el Gordo, Little Caesars, ABC Children's Eye Specialists & Disco Nail Club
- Strong annual increases during the initial terms and option periods
- Average HH Incomes over $97K within a 3-mile radius
- Absolute NNN leases
- Property is well-located & directly across Southern Ave from Banner Hospital which employs approx. 3,700
- Located just northwest of Mesa Community College with over 29,000 enrolled students
Executive Summary
Multi-Tenant Retail Plaza for SALE
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
10,475 SF
Building Class
B
Year Built
1977
Price
£2,981,516
Price Per SF
£285
Net Initial Yield
6%
NOI
£178,891
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.28
Land Acres
0.85 AC
Zoning
C-2, Mesa - Commercial
Parking
50 Spaces (4.77 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Air Conditioning
Walk Score ®
Very Walkable (73)
Bike Score ®
Very Bikeable (84)
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | £0 | |
Land Assessment | £0 | Total Assessment | £231,870 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£231,870
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2110 W Southern Ave
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