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Desert Financial | 15yr Corp Abs NNN w/ Incrs 1901 S Gilbert Rd 4,712 SF Retail Building Mesa, AZ 85204 $6,560,824 CAD ($1,392.37 CAD/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New 15-Year Lease | Options To Extend | Scheduled Rental Increases
- Mesa Shores Shopping Mall | Primary Retail Corridor
- Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
• The tenant, Desert Financial Credit Union, recently signed a brand new
• 15-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 10% rental increases every 5-years throuhout the initial term and at the beginning of each option, steadily growing NOI and hedging against inflation
• 15-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 10% rental increases every 5-years throuhout the initial term and at the beginning of each option, steadily growing NOI and hedging against inflation
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,712 SF
Building Class
B
Year Built/Renovated
1986/2025
Price
$6,560,824 CAD
Price Per SF
$1,392.37 CAD
Cap Rate
5%
NOI
$328,041 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.43 AC
Zoning
C-3
Parking
88 Spaces (18.68 Spaces per 1,000 SF Leased)
AMENITIES
- Banking
- Corner Lot
- Dedicated Turn Lane
- Signage
- Drive Thru
- Monument Signage
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Former Bank +/- 4,712 SF
| Space | Size | Space Use | Position | Available |
| 1st Floor | 4,712 SF | Retail | In-Line | Now |
1st Floor
| Size |
| 4,712 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1 of 2
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Floor
| Size | 4,712 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Former Bank +/- 4,712 SF
Walk Score®
Very Walkable (73)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 140-62-298 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $248,217 CAD |
PROPERTY TAXES
Parcel Number
140-62-298
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$248,217 CAD
1 of 5
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Desert Financial | 15yr Corp Abs NNN w/ Incrs | 1901 S Gilbert Rd
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