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Fiesta Palms II Shopping Center 2111 S Alma School Rd 28,383 SF 91% Leased Retail Building Mesa, AZ 85210 $8,072,970 CAD ($284.43 CAD/SF) 7.11% Cap Rate
Investment Highlights
- Recent capital upgrades – new roof coating 2023, upgraded LED lot lighting, monument sign refresh
- Growing Population Density – Within 3 mi, 1,800 new housing units & 2,500 under construction, Fiesta Mall to add ±4,000 more
- Future Growth Catalyst – Less than 1 mi from 80-acre, $1B Fiesta Mall redevelopment which will bring thousands of new residents, jobs, and consumers.
- High-Traffic Location – ±52,000 VPD at intersection and ±36,550 along frontage ensures strong tenant visibility
- Rental Upside – NNN Leases structured for mark-to-market growth. Long-Term Tenant Mix – From 5 years to 25 years.
- Assumable Note – $1.85M loan @ 5.15% matures NOV 2033
Executive Summary
Strategically located near US-60 at Alma School & Baseline (±52,000 VPD) with ±36,550 VPD along its frontage, Fiesta Palms II sits adjacent to the affluent Dobson Ranch community. Within 3 miles, 1,800 apartment units have recently been delivered, 2,500 units are under construction, and the Fiesta Mall redevelopment is slated to add ±4,000 more housing units—further strengthening long-term retail demand.
Seller has an assumable note – $1.85M @ 5.25% maturing NOV 2028
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Amenities
- 24 Hour Access
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Storage Space
- Monument Signage
- Air Conditioning
- Smoke Detector
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
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- Retailer
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99,999 SF
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$9.99
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Lorem Ipsum
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Jan 0000
Established in 2016 by long time collectors and friends, Tim and Nick. 1UP is owned and operated by only the two of us. Every time you come in, you can expect a familiar, friendly face and you'll feel right at home.
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- Educational Services
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99,999 SF
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$9.99
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Lorem Ipsum
-
Jan 0000
Founded in Mesa, AZ in 1967 and accredited in 1972, by the National Accrediting Commission of Career Arts and Sciences (NACCAS) Avalon School of Cosmetology has provided professional cosmetology training for more than 40 years.
- Black Truffle
- Retailer
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99,999 SF
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$9.99
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Lorem Ipsum
-
Jan 0000
- Copper Stop Mini Mart
- Retailer
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99,999 SF
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$9.99
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Lorem Ipsum
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Jan 0000
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- Services
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99,999 SF
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$9.99
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Lorem Ipsum
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Jan 0000
Clean & classic tattoos at affordable prices since 2003! We offer all styles of tattoos from some of the most diverse, talented and friendliest artists in Arizona. Home of Arizona’s 1st & best ‘get what you get game
- M&B Food Service
- Accommodation and Food Services
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99,999 SF
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$9.99
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Lorem Ipsum
-
Jan 0000
- Munchkins Place Learning Center
- Health Care and Social Assistance
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99,999 SF
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$9.99
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Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
|
|
Educational Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Black Truffle | Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Copper Stop Mini Mart | Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
|
|
Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| M&B Food Service | Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Munchkins Place Learning Center | Health Care and Social Assistance | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Three door - one opens to a private office, two ADA restrooms, built-in service counter for reception, customer interaction, or employee break area. Three A/C units. Move-in ready and easily adaptable to retail, medical, wellness, or professional uses with minimal improvements. Large covered arcade can be activated for outdoor uses or displays. Two ADA parking spaces at the doors.
| Space | Size | Space Use | Position | Available |
| 8 | 2,502 SF | Retail | In-Line | Now |
8
| Size |
| 2,502 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
8
| Size | 2,502 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Three door - one opens to a private office, two ADA restrooms, built-in service counter for reception, customer interaction, or employee break area. Three A/C units. Move-in ready and easily adaptable to retail, medical, wellness, or professional uses with minimal improvements. Large covered arcade can be activated for outdoor uses or displays. Two ADA parking spaces at the doors.
Nearby Major Retailers
Property Taxes
| Parcel Number | 302-04-001W | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $597,665 CAD |
Property Taxes
Presented by
Fiesta Palms II Shopping Center | 2111 S Alma School Rd
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