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9921 W Main St 3,200 SF 100% Leased Retail Building Mesa, AZ 85207 $1,500,000 ($468.75/SF) 9.20% Cap Rate
Investment Highlights
- Absolute NNN Investment
- Central Location
- Corporate Guarantee
Executive Summary
NNN Investment with corporate guarantee. Lease originated April 20, 2021 with primary term of 10 years and four (4) x five (5)-year options. Current rent is $10,000/month through 5/26. Rend adjusts in May 2026 to $11,500/month, then per the following schedule: LY11: $13,225/mo. | LY16: $15,209/mo. | LY21: $17,490/mo. | LY26:
$20,114/mo.
$20,114/mo.
Property Facts
Sale Type
Investment
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Building Size
3,200 SF
Building Class
B
Year Built
2026
Price
$1,500,000
Price Per SF
$468.75
Cap Rate
9.20%
NOI
$138,000
Percent Leased
100%
Building Height
1 Story
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 220-38-011F | Improvements Assessment | $0 |
| Land Assessment | $242,643 | Total Assessment | $242,643 |
Property Taxes
Parcel Number
220-38-011F
Land Assessment
$242,643
Improvements Assessment
$0
Total Assessment
$242,643
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9921 W Main St