US Bank Ground Lease
For Sale
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1425 South Signal Butte Road, Mesa, AZ 85209
New construction ground lease in Target-anchored power center.
Property Size4,047 SF
Price / SF$1,130
Days on Market112
Property Features for 1425 South Signal Butte Road
General Information
Standard status
Active
Size
4,047 SF
Property subtype
Retail
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$217,400
Building Details
Year Built
2026
Tenancy
Single
Listing Agency:
SimonCRE
Listed By:
Alec Miller · License #AZ SA677300000
Source:
Crexi
Added: May 12
Changed: Aug 21
Last Checked: Aug 28 at 11:04PM
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 SimonCRE
Investment Insights
Based on property information with market context.
This property features a U.S. Bank ground lease at Medina Station, a Target-anchored power center located at S Signal Butte Rd & E Southern Ave in Mesa, AZ. The property, with construction planned for 2026, offers a 10-year 6-month ground lease with U.S. Bank National Association, transferring all maintenance, taxes, and operational obligations to the tenant. The landowner benefits from passive income without day-to-day management duties. The lease includes built-in rent escalations for consistent income growth and protection against inflationary pressures. The 4,047-square-foot site benefits from strong daily traffic and long-term tenant demand. It is positioned in the path of major residential growth, adjacent to a proposed 473-acre master-planned community by Lennar Homes and more than 815 planned multifamily units. The surrounding trade area includes more than 220,000 residents within a five-mile radius, complemented by average household incomes exceeding $111,607 within one mile.
Key Highlights
- Brand new 2026 construction with a 10‑year 6‑month ground lease from U.S. Bank National Association
- Zero landlord responsibilities due to ground lease structure, providing passive income
- Located in a Target‑anchored power center with strong daily traffic and long‑term tenant demand
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
22
Businesses Nearby
Explore this area
Business Placement
Demographics for 85209, AZ
44,192
Population
21,921
Households
2
Avg Household Size
44
Median Age
33%
College-Educated
93%
High-School Grad
11.8 sq mi
ZIP Area
3,745
Density / Sq Mi
$80,498
Median Household Income
$46,682
Median Earnings
$1,798
Median Rent
$363,800
Median Home Value
Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Bank - New construction ground lease in Target-anchored power center.
Where is this bank located?
The property is located at 1425 South Signal Butte Road Mesa, AZ.
What is the asking price?
The asking price for this property is $4,577,000.
What are key features of this property?
This property features: Brand new 2026 construction with a 10‑year 6‑month ground lease from U.S. Bank National Association; Zero landlord responsibilities due to ground lease structure, providing passive income; Located in a Target‑anchored power center with strong daily traffic and long‑term tenant demand
