Mesa NNN Leased Investment
1559 S Gilbert Road Mesa, AZ 85204
1559 S Gilbert Road, Mesa, AZ, 85204
$1,947,500
For Sale
$1,947,500
NNN leased investment opportunity in Central Mesa, Arizona.
Property Size6,506 SF
Price / SF$299.34
Days on Market243
Property Features for 1559 S Gilbert Road
General Information
- Standard status
- Active
- Size
- 6,506 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1988
Listing agency
SVN | Desert Commercial Advisors
(623) 556-6420
Listed by
Jonathan Levy · License #AZ #SA648012000
(623) 556-6420
Source
Svndesertcommercial
Added: Nov 21, 2025 Updated: Jul 6 at 8:34AM Checked: Jul 21 at 5:45AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN | Desert Commercial Advisors
Investment Insights
Based on property information with market context.
This 6,506 square foot building is located in Central Mesa, Arizona, in the heart of the East Valley. The property is zoned LC and is situated north of the US-60 Interchange on Gilbert Road, benefiting from strong east valley demographics and a high traffic volume of nearly 45,000 vehicles per day. The property is a Native Grill & Wings franchise, the second oldest franchise operator in Arizona, with nearly 20 Arizona locations. The offering includes a NNN lease with multiple guarantors. The original lease term is 5 years, with two 5-year renewal options, the first of which has been formally exercised. The lease includes 2.5% annual rental increases. The property is located at the intersection of Gilbert Road and Southern Avenue in a densely populated area with over 400,000 residents in a 5-mile radius. The area has an estimated population exceeding 400,000 with steady annual growth of about 0.8%. The property is surrounded by national retailers like Target, AutoZone, and Burger King, fitness spots like The Shop Gym, diverse dining options, recreational attractions like nearby parks with frisbee golf, basketball, and volleyball courts, and top-rated schools. The Commemorative Air Force Airbase Museum, Mesa Arts Center, and Dutton Theater are a few short minutes away. Over $200,000 of recent HVAC, roof, and restaurant fixture improvements have been made. The lease agreement specifies the building size as 6,355 square feet.
Key Highlights
- NNN Lease with Multiple Guarantors (Franchisee and Corporate) providing investment security.
- Strategically located north of the US‑60 Interchange on Gilbert Road with high traffic volume (45,000 VPD).
- Original 5‑year lease with two 5‑year renewal options (Option 1 Formally Exercised) and 2.5% annual rental increases.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $124.9k | $19.20 |
| − Vacancy | −$7.5k | −$1.15 |
| EGI | $117.4k | $18.05 |
| − OpEx | −$29.4k | −$4.51 |
| NOI | $88.1k | $13.54 |
6,506 SF · lease $19.20/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.26M
$1.10M – $1.47M
NOI $88,065 @ 7.0% cap · market cap 4.52%
Second Best
Retail
$1.09M
$953.0K – $1.27M
NOI $76,237 @ 7.0% cap · market cap 3.91%
Theoretical Best
Office A
$2.16M
$1.89M – $2.52M
NOI $151,217 @ 7.0% cap · market cap 7.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Native Grill & Wings
Restaurant
Similar For Sale Nearby
Similar Off Market Nearby
- Catertainment — 1107 S Gilbert Rd, Mesa, AZ 85204
- Bartender Phoenix AZ — 942 s kachina, mesa, az 85282
- Just Catering — Mesa, AZ 85204
- The Taco Spot Food Truck Mexican Food Catering — 1126 s gilbert rd, mesa, az 85204
- Gilded Grub — 1235 S Gilbert Rd #25, Mesa, AZ 85203
FAQs
What type of property is this?
Restaurant - NNN leased investment opportunity in Central Mesa, Arizona.
Where is this restaurant located?
The property is located at 1559 S Gilbert Road Mesa, AZ.
What is the asking price?
The asking price for this property is $1,947,500.
What are key features of this property?
This property features: NNN Lease with Multiple Guarantors (Franchisee and Corporate) providing investment security.; Strategically located north of the US‑60 Interchange on Gilbert Road with high traffic volume (45,000 VPD).; Original 5‑year lease with two 5‑year renewal options (Option 1 Formally Exercised) and 2.5% annual rental increases.
