Former 99 Cents Only
For Sale
Contact for pricing
2009 N Stapley Dr, Mesa, AZ 85203
Former 99 Cents Only storefront with rear loading dock, 251 feet of frontage, and 67 parking spaces.
Property Size13,969 SF
Price / SF$207.60
Days on Market650
Property Features for 2009 N Stapley Dr
General Information
Standard status
Active
Size
13,969 SF
Total Parking Spaces
67
Property subtype
RETAIL
Building Details
Year Built
2007
Listing Agency:
ORION Investment Real Estate
(480) 634-6934
Listed By:
Carol Schillne · License #SA671361000
(714) 292-6171
Source:
Moodyscre
Added: Jan 16, 2025
Changed: Oct 26
Last Checked: Oct 28 at 8:33AM
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 ORION Investment Real Estate
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Investment Insights
Based on property information with market context.
Former 99 Cents Only store built in 2007, offered for sale. The property includes a rear loading dock designed for deliveries and logistics, along with on-site parking consisting of 67 spaces.
Located at 2009 N Stapley Dr in Mesa, AZ, the site provides 251 feet of frontage on high-traffic N Stapley Dr. Access and visibility are available from both Stapley and McKellips Rd.
The surrounding area is supported by a high-density trade area, with a stated population of approximately 103,500 within 3 miles. The property is also described as being surrounded by national retailers and service tenants.
Located at 2009 N Stapley Dr in Mesa, AZ, the site provides 251 feet of frontage on high-traffic N Stapley Dr. Access and visibility are available from both Stapley and McKellips Rd.
The surrounding area is supported by a high-density trade area, with a stated population of approximately 103,500 within 3 miles. The property is also described as being surrounded by national retailers and service tenants.
Key Highlights
- Former 99 Cents Only Store built in 2007
- 251 feet of frontage on high‑traffic N Stapley Dr
- 67 on‑site parking spaces (4.8 per 1,000 SF)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$123,710
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,474,200
$2.5M
Cap Rate 7%
$1,767,286
$1.8M
Cap Rate 9%
$1,374,556
$1.4M
Market Conditions
NOI Build-Up for 13,969 SF
Gross rent
$189.4K $13.56/SF
− Vacancy
−$12.7K −$0.91/SF
EGI
$176.7K $12.65/SF
− OpEx
−$53.0K −$3.80/SF
NOI
$123.7K $8.86/SF
Area
Mesa, AZ
Vacancy
6.70%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,474,200
Cap Rate 7%
$1,767,286
Cap Rate 9%
$1,374,556
Alternative Uses
Best Use
Retail
$1.77M
$1.55M – $2.06M
NOI $123,710 @ 7.0% cap · market cap 4.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.83M
$3.35M – $4.47M
NOI $268,030 @ 7.0% cap · market cap 9.24%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
509
Businesses Nearby
89k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 47%
Shops & Services 46%
Electronics 7%
Fry's Fuel Center
Shops & Services
21,257 visits/mo
0.2 miles
Taco Bell
Dining
15,310 visits/mo
0.2 miles
SUBWAY
Dining
10,033 visits/mo
0.2 miles
Andy's Frozen Custard
Dining
9,679 visits/mo
0.2 miles
Wells Fargo
Shops & Services
9,475 visits/mo
0.1 miles
Demographics for 85203, AZ
37,962
Population
14,020
Households
2.7
Avg Household Size
33
Median Age
29%
College-Educated
91%
High-School Grad
9.3 sq mi
ZIP Area
4,082
Density / Sq Mi
$72,851
Median Household Income
$40,524
Median Earnings
$1,388
Median Rent
$388,300
Median Home Value
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - Former 99 Cents Only storefront with rear loading dock, 251 feet of frontage, and 67 parking spaces.
Where is this retail space located?
The property is located at 2009 N Stapley Dr Mesa, AZ.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Former 99 Cents Only Store built in 2007; 251 feet of frontage on high‑traffic N Stapley Dr; 67 on‑site parking spaces (4.8 per 1,000 SF)
