This Retail Property is Off-Market.

4505 E Mckellips Road
Mesa, AZ 85203 ·

8,143 SF · Retail For Sale

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Bridgestone/Firestone Corporate Walmart Out Parcel

Price N/A Construction Status Under Construction/Proposed
Building Size 8,143 SF Cap Rate 7%
Property Type Retail Occupancy 100%
Property Sub-type
Free Standing Bldg
More...
  • Vehicle Related
  • Retail Pad
  • Anchor
Tenancy Single
Property Use Type Net Lease Investment with 10+ years left on lease Year Built 2011
Listing ID: 17378950 Date Created: 10/19/2011 Last Updated: 12/15/2011

Description

This site is currently under construction and will rent commence in late November under a new 15 year absolute NNN lease with 6.25% increases every 5 years and at the 4 (5 Year) options. The property is an outparcel to a Wal-Mart Supercenter anchored center that also includes a Walgreens.

The shopping center is located on the hard corner of East Mckellips Rd and N. Lindsey Rd that boasts an overall traffic count of over 60,000 cars per day.

Mesa, Arizona is 20 Miles East of Downtown Phoenix and is the 3rd largest city in Arizona (Population 439,000) and is the 38th largest suburb in the US (East Valley Section of the Phoenix MSA).

The property is located 14 miles from Tempe and Arizona State University.

Highlights

  • Corporate Backed
  • Absolute NNN, No Landlord Responsibilities Whatsoever
  • Wal-Mart Out Parcel
  • 6.25% Increases
  • 20 Miles East of Phoenix
  • New Construction Built to Suit

Research

4505 E Mckellips Road, Mesa, AZ 85203 (Maricopa County)

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