Mesa Retail Property For
1151 E McKellips Rd Mesa, AZ
For Sale
Contact for pricing
Freeway-accessible retail property with drive-through and high traffic volume.
Property Size13,050 SF
Lot Size1.86 Acres
Price / SF$268.20
Days on Market814
Property Features for 1151 E McKellips Rd
General Information
Standard status
Active
Size
13,050 SF
Lot size
1.86 Acres
Property subtype
RETAIL
Properties For Sale
at 1151 E McKellips Rd Contact us
Listing Agency:
LevRose Commercial Real Estate
(818) 390-0838
Listed By:
Mark Cassell · License #SA690813000
(818) 390-0838
Source:
Moodyscre
Added: May 8, 2024
Changed: Jul 6
Last Checked: Jul 21 at 6:17AM
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 LevRose Commercial Real Estate
Investment Insights
Based on property information with market context.
This retail property, formerly a CVS, is located at the southwest corner of Stapley and McKellips Road in Mesa, Arizona. The property is available for sale or lease. It benefits from a hard corner location and high traffic volume of approximately 51,571 vehicles per day. A drive-through is included. The average household income within a 1-mile radius is approximately $96,000. The property is situated across from a Fry’s-anchored center and offers convenient access to the I-10 and US-60 freeways. Contact broker for availability date. Do not disturb tenant. The property size is 13,050 square feet.
Key Highlights
- High traffic location with approximately 51,571 vehicles per day.
- Hard corner location.
- Includes a drive‑through.
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 | $177.0k | $13.56 |
| − Vacancy | −$11.9k | −$0.91 |
| EGI | $165.1k | $12.65 |
| − OpEx | −$41.3k | −$3.16 |
| NOI | $123.8k | $9.49 |
13,050 SF · lease $13.56/SF/yr · vacancy 6.70% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.77M
$1.55M – $2.06M
NOI $123,826 @ 7.0% cap · market cap 3.54%
Second Best
Retail
$1.65M
$1.44M – $1.93M
NOI $115,571 @ 7.0% cap · market cap 3.30%
Theoretical Best
Office A
$3.58M
$3.13M – $4.17M
NOI $250,397 @ 7.0% cap · market cap 7.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Darla J. Russell, RPH — 840 E McKellips Rd, Mesa, AZ 85203, United States
- Online CBD Store | HealRain — Mesa, AZ 85203
- Daniel Stevens — 1151 E McKellips Rd, Mesa, AZ 852032626
- Islands Miracle — 535 e mckellips rd, mesa, az 85203
- Hair & Body Lounge/Salon Suites — 1239 E McKellips Rd #116, Mesa, AZ 85203
Frequently Asked Questions
What type of property is this?
Drug store - Freeway-accessible retail property with drive-through and high traffic volume.
Where is this drug store located?
The property is located at 1151 E McKellips Rd Mesa, AZ.
What is the asking price?
The asking price for this property is $3,499,999.
What are key features of this property?
This property features: High traffic location with approximately 51,571 vehicles per day.; Hard corner location.; Includes a drive‑through.
