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9921 W. Main Street - Main and Crismon NNN ground lease 0.69 Acres of Commercial Land Offered at $1,675,000 in Mesa, AZ 85207
Investment Highlights
- Absolute NNN Investment
- 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.
Financial Summary (Actual - 2026) |
Annual | Annual Per AC |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$138,000
|
$200,000.00
|
Financial Summary (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Net Operating Income | |
|---|---|
| Annual | $138,000 |
| Annual Per AC | $200,000.00 |
Property Facts
| Price | $1,675,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | Ground Lease (Leased Fee) | Proposed Use | Retail |
| No. Lots | 1 | Total Lot Size | 0.69 AC |
| Zoning | C-3 - C-3 - County | ||
| Price | $1,675,000 |
| Sale Type | Investment |
| Sale Condition | Ground Lease (Leased Fee) |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Retail |
| Total Lot Size | 0.69 AC |
| Zoning | C-3 - C-3 - County |
1 Lot Available
Lot 2
| Price | $1,675,000 | Lot Size | 0.69 AC |
| Price Per AC | $2,427,536.23 |
| Price | $1,675,000 |
| Price Per AC | $2,427,536.23 |
| Lot Size | 0.69 AC |
30,063 sf lot under NNN lease to the adj Health For Life dispensary. 200 ft of frontage along Main St(Apache Tr) and a depth of 150 ft. Direct access to Main St. w/existing 30 ft curb cut. Sidewalks and streetlamps are in place along Main St.
Description
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. Being offered at a 8.24% Cap Rate.
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 220-38-011F | Improvements Assessment | $0 (2025) |
| Land Assessment | $242,643 (2025) | Total Assessment | $242,643 (2025) |
Property Taxes
Parcel Number
220-38-011F
Land Assessment
$242,643 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$242,643 (2025)
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9921 W. Main Street - Main and Crismon NNN ground lease