1855 North Stapley Drive, Mesa, AZ 85203

Shops at Royal Palms is a 34,229 square foot retail center located in the north Mesa submarket. The property is 100% leased to a cohesive roster of internet-resistant, service-oriented tenants, including Anytime Fitness, Chaffee Pediatric Dentistry, Fyzical Therapy, and Daisy Nails. The center is shadow-anchored by a high-performing Fry’s Marketplace, which ranks in the top 10% of Arizona locations by traffic volume. A freestanding single-tenant medical building occupied by a deeply rooted medical practice provides diverse income streams and potential future break-up value. The property benefits from future upside from rent growth, with 5 of 9 tenants having either fair market value options or no options. Annual contractual rent increases for all tenants provide future rent growth and built-in inflation protection. The center attracts excellent traffic from the entire North Mesa submarket and beyond, shadow-anchored to the only Fry’s Marketplace north of Main Street in Mesa. The location at a highly trafficked intersection boasts over 72,000 vehicles per day. Situated in a dense residential pocket, the property is surrounded by nearly 43,000 multi-family units and over 100,000 single-family residences within 5 miles. Other traffic-drawing tenants in the center include Chipotle, O’Reilly, CVS, Taco Bell, and T-Mobile. The average household income is over $129,000 within a 1-mile radius. Nearly 244,000 residents within 5 miles of the center offer a stable and established customer base for daily needs. The property has a 6.10 cap.