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1864 E Baseline Rd 1,917 SF Retail Building Mesa, AZ 85204 $2,150,000 ($1,121.54/SF) 4.22% Cap Rate
Investment Highlights
- Absolute NNN Investment
- Institutional Grade Tenant
- Excellent trade area on the Mesa/Gilbert border
- 10 years left on initial lease term
- 2022 Construction
Executive Summary
Absolute Triple Net lease with an institutional grade tenant on a building constructed in 2022. With 10 years of initial lease term remaining, this is a perfect fit for an investor seeking quality and stability.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
1,917 SF
Building Class
B
Year Built
2022
Price
$2,150,000
Price Per SF
$1,121.54
Cap Rate
4.22%
NOI
$90,750
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.68 AC
Zoning
LC - Limited Commercial To provide areas for indoor retail, entertainment and service-oriented businesses that serve the surrounding residential trade area
Parking
33 Spaces (17.21 Spaces per 1,000 SF Leased)
Frontage
178’ on E Baseline Rd
Amenities
- Drive Thru
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Valvoline
- Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Valvoline | Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Walk Score®
Very Walkable (75)
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $995,167 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$995,167
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1864 E Baseline Rd
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