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Freestanding Second-Generation Restaurant

1964 E Mckellips Rd, Mesa, AZ 85203

For Lease
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Standalone restaurant facility at a signalized intersection with documented daily traffic exposure.

Space Size5,170 SF
Days on Market50

Property Features for 1964 E Mckellips Rd

General Information

Standard status Active
Size 5,170 SF
Property subtype Retail

Building Details

Building Size 5,170 SF
Year Built 1986

Spaces For Lease

at 1964 E Mckellips Rd
1964 E McKellips Rd
Size 5,170 SF
Term Negotiable
Rate Contact for pricing
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Listing Agency: Western Retail Advisors, LLC
Listed By: Neil Board · License AZ SA573326000
Source: W-retail
Added: Sep 22 Changed: Nov 8 Last Checked: Nov 10 at 5:35AM

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 Western Retail Advisors, LLC

Rey
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Investment Insights

Based on property information with market context.

This freestanding restaurant property offers approximately 5,170 SF of second-generation restaurant space. The building was constructed in 1986 and is positioned at the signalized intersection of Gilbert and McKellips in Mesa, Arizona.

Located at 1964 E McKellips Rd, the property benefits from a corner setting and reported combined traffic of approximately 5,962 ADT. The established restaurant configuration provides a dedicated commercial facility for restaurant use.

Key Highlights

  • ±5,170 SF freestanding second‑generation restaurant
  • Signalized hard corner at Gilbert and McKellips
  • ±5,962 combined ADT

Property Analytics

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Current Use

Serrano's Mexican Food ... Restaurant

Suggested Use

Top Pick Real Estate Agency Building Supply Law Firm Auto Parts Store Restaurant Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

410
Businesses Nearby
173k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 62% Shops & Services 36% Home Improvements & Furnishings 1%
Circle K Shops & Services
30,753 visits/mo 0.1 miles
McDonald's Dining
29,647 visits/mo 0.1 miles
Dutch Bros. Coffee Dining
23,775 visits/mo 0.3 miles
Dutch Bros. Coffee Dining
23,252 visits/mo 0.1 miles
Starbucks Dining
16,088 visits/mo 0.2 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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Conventional restaurants in Maricopa County

Jul
Aug
Sep
Oct

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025

Frequently Asked Questions

What type of property is this?
Conventional restaurant - Standalone restaurant facility at a signalized intersection with documented daily traffic exposure.
Where is this conventional restaurant located?
The property is located at 1964 E Mckellips Rd Mesa, AZ.
What are key features of this property?
This property features: ±5,170 SF freestanding second‑generation restaurant; Signalized hard corner at Gilbert and McKellips; ±5,962 combined ADT
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