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Stapley Marketplace 1616 S Stapley Dr 6,797 SF 100% Leased Retail Building Mesa, AZ 85204 $2,650,000 ($389.88/SF) 6.50% Cap Rate
Investment Highlights
- ±6,797 square foot strip center situated on a ±1.19 acre parcel
- Strong national and growing tenancy
- Robust local demographics, Dense daytime population
- The property is currently 100% leased
- Prime Regional Location, High-Density Retail Corridor
- Strategic placement in Mesa
Executive Summary
The property is a ±6,797 square foot strip center situated on a ±1.19 acre parcel at the Southwest corner of the U.S. Route 60 freeway and Stapley Drive in Mesa, Arizona.
This intersection is incredibly high-trafficked with nearly 83,000 vehicles per day along Stapley Drive and 247,000 vehicles per day along the U.S. Route 60 freeway.
Stapley Marketplace is prominently located in front of the Stapley Center, a ±277,000 square foot office park, and Stapley Corporate Center, a ±182,000 square foot office park.
The property is currently 100% leased to three tenants, Wingstop, Firehouse Subs, and 16 Handles
Stapley Marketplace presents investors with a rare opportunity to own a portion of a regional trade area shopping center with strong existing tenancy from growing national brands.
This intersection is incredibly high-trafficked with nearly 83,000 vehicles per day along Stapley Drive and 247,000 vehicles per day along the U.S. Route 60 freeway.
Stapley Marketplace is prominently located in front of the Stapley Center, a ±277,000 square foot office park, and Stapley Corporate Center, a ±182,000 square foot office park.
The property is currently 100% leased to three tenants, Wingstop, Firehouse Subs, and 16 Handles
Stapley Marketplace presents investors with a rare opportunity to own a portion of a regional trade area shopping center with strong existing tenancy from growing national brands.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
6,797 SF
Building Class
B
Year Built
2006
Price
$2,650,000
Price Per SF
$389.88
Cap Rate
6.50%
NOI
$172,325
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Lot Size
1.19 AC
Zoning
M-1, Mesa
Parking
80 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
141’ on S Stapley Dr
Amenities
- Signalized Intersection
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 139-11-089A | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $226,299 |
Property Taxes
Parcel Number
139-11-089A
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$226,299
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Stapley Marketplace | 1616 S Stapley Dr
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