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Chevron Gas & Quick Run – Mesa, AZ 2659 W Guadalupe Rd 3,600 SF Retail Building Mesa, AZ 85202 $6,995,000 ($1,943.06/SF) 5.77% Cap Rate

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INVESTMENT HIGHLIGHTS

  • 100% Bonus Depreciation Reinstated
  • Experienced Multi-Brand Operator with Personal Guaranties
  • Dense, High-Income Trade Area
  • New 20-Year NN Lease with ±15 Years Remaining
  • 2021 Construction with Minimal Landlord Responsibilities

EXECUTIVE SUMMARY

Pegasus Investments Real Estate Advisory and ParaSell, Inc., as exclusive representatives of the Seller, are pleased to present the fee simple interest in a fee simple Chevron Gas Station & Quick Run convenience store and located at the signalized hard corner of 2659 W. Guadalupe Road in Mesa, Arizona (the “Property”). Built in 2021, the Property comprises ±3,600 square feet on ±1.18 acres and includes 16 fueling positions. The asset is 100% leased to OM Mesa Guadalupe Oil, Inc. under a 20-year double-net (NN) lease that commenced September 1, 2021, leaving approximately 15 years of firm term remaining. The lease features 10% rent increases every five (5) years and four (4) five-year renewal options, offering investors predictable, long-term income growth and stability.
The Property occupies a prominent hard-corner location at W. Guadalupe Road and S. Carriage Lane, a high-traffic intersection with over 44,000 vehicles per day (verify please) and immediate access to State Route 101 (±119,100 VPD), one of the Valley’s primary commuter arteries connecting Mesa, Tempe, Chandler, and Scottsdale. This central position offers exceptional visibility and accessibility, capturing strong daily-needs traffic from both residential and employment populations. The surrounding area features dense suburban development, high household incomes, and steady population growth driven by continued regional expansion in the Phoenix metropolitan area.
The Mesa, Tempe, and Chandler corridor represents one of Arizona’s most dynamic and rapidly growing trade areas. Within a five-mile radius, the population exceeds 400,000 residents with an average household income of more than $112,000 within one mile. The Property is less than two miles from the Arizona State University Research Park, which houses leading employers such as Amazon, Edward Jones, Bridgestone, and GE Healthcare, driving robust daytime traffic and consumer demand. Mesa’s thriving economy, diverse employment base, and proximity to major transportation routes position the Property in a highly desirable retail environment supported by long-term demographic and economic fundamentals.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Service Station
Building Size
3,600 SF
Building Class
B
Year Built
2021
Price
$6,995,000
Price Per SF
$1,943.06
Cap Rate
5.77%
NOI
$403,612
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.18 AC
Zoning
LC
Parking
15 Spaces (4.17 Spaces per 1,000 SF Leased)

AMENITIES

  • Corner Lot
  • Drive Thru

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Mining, Quarrying, and Oil and Gas Extraction
  • -
  • -
  • Lorem Ipsum
  • Jan 0000

Chevron is one of the world’s leading integrated energy companies. They believe affordable, reliable, and ever-cleaner energy is essential to achieving a more prosperous and sustainable world. Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals, and additives; and develops technologies that enhance their business and the industry. To advance a lower-carbon future, they are focused on cost-efficiently lowering their carbon intensity, increasing renewables and offsets in support of their business, and investing in low-carbon technologies that enable commercial solutions. Their greatest resource is their people. Their ingenuity, creativity, and collaboration have met the complex challenges of energy’s past. Together, they’ll take on the future.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Mining, Quarrying, and Oil and Gas Extraction - - Lorem Ipsum Jan 0000

NEARBY MAJOR RETAILERS

Jazzercise
JPMorgan Chase Bank
Orangetheory Fitness
Starbucks
Smashburger
MOD Pizza
Albertsons
TruWest Credit Union
Filiberto's Mexican Food

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
302-05-991D
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$202,978
  • Listing ID: 38307863

  • Date on Market: 11/3/2025

  • Last Updated:

  • Address: 2659 W Guadalupe Rd, Mesa, AZ 85202

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