NNN-Leased Restaurant
For Sale
Contact for pricing
1559 S Gilbert Rd, Mesa, AZ 85204
NNN leased restaurant building in Central Mesa with LC zoning and multiple guarantors under a long-term lease structure.
Property Size6,506 SF
Price / SF$299.34
Days on Market437
Property Features for 1559 S Gilbert Rd
General Information
Standard status
Active
Size
6,506 SF
Property subtype
RETAIL
Zoning
LC
Site & Location
Traffic Count
45,000 vehicles/day
Highway Access
Yes
Listing Agency:
SVN | Desert Commercial Advisors
(480) 425-5500
Listed By:
Jonathan Levy · License ##SA648012000
(623) 556-6420
Source:
Moodyscre
Added: Aug 11, 2025
Changed: Oct 12
Last Checked: Oct 19 at 8:36AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
1559 S. Gilbert Road presents an NNN leased restaurant building occupied by Native Grill & Wings. The property is zoned LC and is offered as a stabilized investment with an NNN lease supported by multiple guarantors. The original lease term is 5 years, with two additional 5-year renewal options.
The building is positioned north of the US-60 interchange on Gilbert Road, at the intersection of Gilbert Road and Southern Avenue in Central Mesa. Public remarks cite approximately 45,000 VPD along Gilbert Road, supporting strong visibility and access via U.S. Route 60.
The area is described as a high-activity East Valley corridor with nearby retail and dining including Target, AutoZone, and Burger King, along with fitness and recreational options in the surrounding neighborhood.
The building is positioned north of the US-60 interchange on Gilbert Road, at the intersection of Gilbert Road and Southern Avenue in Central Mesa. Public remarks cite approximately 45,000 VPD along Gilbert Road, supporting strong visibility and access via U.S. Route 60.
The area is described as a high-activity East Valley corridor with nearby retail and dining including Target, AutoZone, and Burger King, along with fitness and recreational options in the surrounding neighborhood.
Key Highlights
- 6,506 SF restaurant building in Central Mesa, AZ, zoned LC
- NNN leased investment with multiple guarantors under a long‑term lease structure
- Lease structure includes an original 5‑year term plus two 5‑year renewal options
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,065
Cap Rate
4.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,761,300
$1.8M
Cap Rate 7%
$1,258,071
$1.3M
Cap Rate 9%
$978,500
$978.5K
Market Conditions
NOI Build-Up for 6,506 SF
Gross rent
$124.9K $19.20/SF
− Vacancy
−$7.5K −$1.15/SF
EGI
$117.4K $18.05/SF
− OpEx
−$29.4K −$4.51/SF
NOI
$88.1K $13.54/SF
Area
ZIP 85204
Vacancy
6.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,761,300
Cap Rate 7%
$1,258,071
Cap Rate 9%
$978,500
Alternative Uses
Best Use
Specialty Retail
$1.26M
$1.10M – $1.47M
NOI $88,065 @ 7.0% cap · market cap 4.52%
Second Best
—
—
no second resolved use
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 authorities.
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Property Analytics
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Current Use
Lease Details
45,000 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
679
Businesses Nearby
365k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 27%
Shops & Services 26%
Dining 25%
Groceries 11%
Target
Superstores
99,024 visits/mo
0.5 miles
QuikTrip
Shops & Services
52,415 visits/mo
0.4 miles
Trader Joe's
Groceries
41,342 visits/mo
0.5 miles
Circle K
Shops & Services
21,347 visits/mo
0.3 miles
Harbor Freight Tools
Home Improvements & Furnishings
18,035 visits/mo
0.3 miles
Demographics for 85204, AZ
63,808
Population
24,536
Households
2.6
Avg Household Size
33
Median Age
20%
College-Educated
84%
High-School Grad
9.9 sq mi
ZIP Area
6,445
Density / Sq Mi
$69,474
Median Household Income
$40,347
Median Earnings
$1,426
Median Rent
$296,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
NNN property - NNN leased restaurant building in Central Mesa with LC zoning and multiple guarantors under a long-term lease structure.
Where is this nnn property located?
The property is located at 1559 S Gilbert Rd 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: 6,506 SF restaurant building in Central Mesa, AZ, zoned LC; NNN leased investment with multiple guarantors under a long‑term lease structure; Lease structure includes an original 5‑year term plus two 5‑year renewal options
