Former 99 Cents Only
2009 N Stapley Dr Mesa, AZ 85203
For Sale
Contact for pricing
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 Market555
Property Features for 2009 N Stapley Dr
General Information
- Standard status
- Active
- Size
- 13,969 SF
- Property subtype
- RETAIL
Listing Agency:
ORION Investment Real Estate
(714) 292-6171
Listed By:
Carol Schillne · License #742FA625-6C3D-44FC-A693-98BC8ACBDB82
(714) 292-6171
Source:
Moodyscre
Added: Jan 16, 2025
Changed: Jul 25
Last Checked: Jul 25 at 1:27PM
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
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 For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $189.4k | $13.56 |
| − Vacancy | −$12.7k | −$0.91 |
| EGI | $176.7k | $12.65 |
| − OpEx | −$53.0k | −$3.80 |
| NOI | $123.7k | $8.86 |
13,969 SF · lease $13.56/SF/yr · vacancy 6.70% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
FAQs
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)
