Mesa Shores - 2025_Property for Sale
Mesa Shores - 2025_Property for Sale

Mesa Shores - 2025

2048 E Baseline Rd, Mesa, AZ, 85204-6969, US

Asset Description

JLL has been engaged as the exclusive advisor to extend to qualified investors theopportunity to acquire the fee simple interest in Mesa Shores (the “Property”), a 110,917 square-foot retail center located at the northeast corner of Baseline Road (27,000+ VPD) and Gilbert Road (47,000+ VPD) in Mesa, Arizona. The Property is 97.5% leased to a complementary mix of national and regional tenants, anchored by Trader Joe’s and Sprouts Farmers Market. Additionally, Sprouts and Trader Joe’s have a combined lease term of over 21.2 years. Mesa shores is in close proximity to the US-60 freeway (190,000+ VPD) to the north and is adjacent to the affluent Gilbert community to the south. The surrounding area is home to a total population of 402,000 people and an average household income of $92,145, all within a five-mile radius. Mesa Shores presents the rare opportunity to acquire a stable dual-grocery anchored center with a seasoned tenant roster where over 50% of the occupied space has been leased since 1999.

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Attributes

Building area net
10,305 m²
Occupancy
97%
Year built
1985
Land area net
0.74 ha
WAULT
6.4 years
NOI
CHF 1,760,000

Media

Investment Highlights

  • COVETED GROCERY ANCHORED SHOPPING CENTER WITH QUALITY TENANT ROSTER
  • ESTABLISHED WORKFORCE IN A DENSE TRADE AREA
  • TENANT LONGEVITY AND BUSINESS SUCCESS
  • BELOW REPLACEMENT COST
  • HIGH TRAFFIC CORRIDOR
  • DESIRABLE TENANT LOCATION WITH OUTSTANDING DEMOGRAPHICS
  • PROPERTY WILL BE DELIVERED FREE & CLEAR


Mesa Shores - 2025 4_Property for Sale
Mesa Shores - 2025 4_Property for Sale

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Mesa Shores - 2025 (0 Properties)

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Last updated
9 May 2025