Commercial Real Estate in Gilbert available for sale
Gilbert NNN Properties For Sale

NNN Properties for Sale in Gilbert, AZ, USA

More details for 2675 E Cessna Dr, Chandler, AZ - Industrial for Sale

2675 E Cessna Dr

Chandler, AZ 85286

  • NNN Property
  • Industrial for Sale
  • $16,310,498 CAD
  • 44,143 SF
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More details for Gateway Medical Campus Condos – Office/Medical, Medical for Sale, Gilbert, AZ

Gateway Medical Campus Condos

  • NNN Property
  • Office for Sale
  • $4,105,470 CAD
  • 9,315 SF
  • 4 Office Properties
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More details for 2353 E Baseline Rd, Gilbert, AZ - Office for Sale

2353 E Baseline Rd

Gilbert, AZ 85234

  • NNN Property
  • Office for Sale
  • $4,183,474 CAD
  • 5,168 SF
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More details for 2111 S Alma School Rd, Mesa, AZ - Retail for Sale

Fiesta Palms II Shopping Center - 2111 S Alma School Rd

Mesa, AZ 85210

  • NNN Property
  • Retail for Sale
  • $8,074,091 CAD
  • 28,383 SF
  • Air Conditioning
  • 24 Hour Access
  • Wheelchair Accessible
  • Smoke Detector

Mesa Retail for Sale - Superstition Corridor

Fiesta Palms II is a 91% occupied shopping center in Mesa, AZ, combining stable in-place cash flow with multiple levers for growth. The property benefits from long-term tenants, strong traffic counts, an affluent and expanding consumer base, recent capital upgrades, and close proximity to the $1B Fiesta Mall redevelopment—positioning it for immediate rental upside, mid-term NOI growth, and long-term appreciation. Tenant leases are NNN with annual escalations and fair market value options that create a clear path for mark-to-market rent growth. 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. With scheduled rental increases thru SEP 2026, the NOI increases to $424,075 and the CAP rate rises to 6.79% LEASING THE REMAINING 2,502 SF VACANT SUITE @ $16/SF RAISES THE CAP RATE TO 7.43%. Seller has an assumable note – $1.85M @ 5.25% maturing NOV 2028 LOCATION DESCRIPTION: Fiesta Palms II is a well-positioned retail asset within the established Fiesta Palms Shopping Center, benefitting from four points of ingress, strong tenant synergy, and a high-traffic location along Alma School Road. The property sits just south of the signalized intersection at Baseline Road, which sees ±52,000 vehicles per day, with an additional ±36,550 VPD along its frontage. US-60 is less than one mile away with ±262,400 VPD. The surrounding trade area is experiencing significant growth. Population density and household formations continue to rise as 2,519 new apartment units are under construction and 1,822 units have been delivered within 3 miles since the start of 2024. Within 5 miles there are 438,000 residents with an average household income of $97,321. Within 1 mile, household incomes average $102,000 and home values average $430,000. The 80-acre Fiesta Mall redevelopment is less than one mile north of the property. Planned to deliver 1.85M SF of commercial space and 4,000 residential units, this ±$1B project is expected to become a transformative growth driver for the area for years to come.

Contact:

Metro Phoenix Commercial Team

Date on Market:

2025-10-10

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More details for 1559 S Gilbert Rd, Mesa, AZ - Retail for Sale

1559 S Gilbert Rd

Mesa, AZ 85204

  • NNN Property
  • Retail for Sale
  • $2,678,135 CAD
  • 6,506 SF
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More details for 2065 W Obispo Ave, Gilbert, AZ - Flex for Sale

2065 W Obispo Ave

Gilbert, AZ 85233

  • NNN Property
  • Flex for Sale
  • $16,421,880 CAD
  • 55,345 SF
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More details for 6631 E Southern Ave, Mesa, AZ - Retail for Sale

OfficeMax - 6631 E Southern Ave

Mesa, AZ 85206

  • NNN Property
  • Retail for Sale
  • $5,679,233 CAD
  • 26,705 SF
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More details for 5033 S 71st St, Mesa, AZ - Industrial for Sale

Phelan Business Park at Mesa Gateway - Bldg E - 5033 S 71st St

Mesa, AZ 85212

  • NNN Property
  • Industrial for Sale
  • 26,940 SF
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