This Retail Property is Off-Market.

2735 - 2757 E. Main Street
Mesa, AZ 85213 ·

20,714 SF · Retail For Sale

N/A

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Main & Lindsay Center with KFC

Price N/A Cap Rate 7.34%
Gross Leasable Area 20,714 SF Occupancy 100%
Property Type Retail Tenancy Multiple
Property Sub-type Strip Center Lot Size 2.12 AC
Property Use Type Net Lease Investment with 5 years left on lease
Listing ID: 15981940 Date Created: 11/10/2008 Last Updated: 01/23/2009

Description

The Main and Lindsay Center is an 18,729-square foot strip retail center and free-standing Kentucky Fried Chicken pad on a busy intersection in Mesa, Arizona. Originally built in 1984, the property was extensively remodeled in 2005. Additionally, a new multi-tenant pad was constructed near the west end of the property, providing more income. In total, the subject is 20,714-square feet sitting on 2.12 acres of land.

Each suite is a manageable size for easy tenant placement. All leases are Triple Net (NNN) and well-written with landlord friendly terms. The tenants include KFC and a mix of local and regional retail and service tenants.

The visibility and access to the property are excellent from both Main street and Lindsay road. This lighted intersection has combined traffic counts of 54,350 vehicles per day. The Main & Lindsay Center with KFC is located on the southwest corner of Main street and Lindsay road in Mesa, Arizona. Mesa is the second largest city in the Greater Phoenix Metropolitan area in terms of population. The location is within 20 minutes of the Phoenix airport. Main Street is a heavily traveled major east-west retail corridor through the city of Mesa.

This property offers an investor the opportunity to acquire a remodeled retail center, including an outparcel PAD with low interest financing and above market cash-on-cash return.

Highlights

  • Beautifully Remodeled Center (2005)
  • Sale Includes KFC Restaurant Pad
  • Great Low Interest Rate Loan
  • Entire Hard Corner Included
  • New Multi-Tenant Pad Built in 2005

Research

2735 - 2757 E. Main Street, Mesa, AZ 85213 (Maricopa County)

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