Mesa Shores

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.