NNN Retail
2023-2115 W Guadalupe Rd, Mesa, AZ 85202
For Sale
New
Contact for pricing
The property combines a corporate Goodwill lease with income from an AT&T cell tower.
Property Size32,398 SF
Price / SF$171.96
Days on Market6
Property Features for 2023-2115 W Guadalupe Rd
General Information
Standard status
Size
Property subtype
Additional Details
Traffic Count
Tenant in Place
Building Details
Tenancy
Listing Agency:
Marcus & Millichap | Phoenix
(602) 687-6700
Listed By:
Nick Christifulli · License AZ SA679442000
(602) 687-6694
Source:
Moodyscre
Added: Nov 4
Changed: Nov 8
Last Checked: Nov 8 at 7:02AM
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 Marcus & Millichap | Phoenix
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 32,398-square-foot retail property in Mesa, Arizona, has a corporate Goodwill guaranty and five years remaining on the primary lease term. An AT&T cell tower provides a separate income stream, with more than 23 years left on its primary lease and annual rental increases.
The property sits at West Guadalupe Road and South Dobson Road, where more than 41,000 vehicles pass daily. Dobson High School, with approximately 2,285 students, is down the road. Within five miles, the surrounding area has nearly 430,000 residents and average household income above $112,000. Arizona State University Research Park is minutes away, with more than 6,000 employees across 50 corporate tenant companies.
The property sits at West Guadalupe Road and South Dobson Road, where more than 41,000 vehicles pass daily. Dobson High School, with approximately 2,285 students, is down the road. Within five miles, the surrounding area has nearly 430,000 residents and average household income above $112,000. Arizona State University Research Park is minutes away, with more than 6,000 employees across 50 corporate tenant companies.
Key Highlights
- 32,398‑square‑foot retail property
- Goodwill corporate guaranty; five years remain on the primary lease
- AT&T cell tower lease has over 23 years remaining and annual rental increases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$286,918
Cap Rate
5.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,738,360
$5.7M
Cap Rate 7%
$4,098,829
$4.1M
Cap Rate 9%
$3,187,978
$3.2M
Market Conditions
NOI Build-Up for 32,398 SF
Gross rent
$439.3K $13.56/SF
− Vacancy
−$29.4K −$0.91/SF
EGI
$409.9K $12.65/SF
− OpEx
−$123.0K −$3.80/SF
NOI
$286.9K $8.86/SF
Area
Mesa, AZ
Vacancy
6.70%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,738,360
Cap Rate 7%
$4,098,829
Cap Rate 9%
$3,187,978
Alternative Uses
Best Use
Retail
$4.10M
$3.59M – $4.78M
NOI $286,918 @ 7.0% cap · market cap 5.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.88M
$7.77M – $10.36M
NOI $621,637 @ 7.0% cap · market cap 11.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
41,000 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
387
Businesses Nearby
94k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 40%
Shops & Services 34%
Apparel 24%
Beauty & Spa 1%
Circle K
Shops & Services
22,803 visits/mo
0.1 miles
Goodwill
Apparel
22,789 visits/mo
0.1 miles
SONIC Drive In
Dining
12,438 visits/mo
0.1 miles
Starbucks
Dining
12,014 visits/mo
0.2 miles
Native Grill & Wings
Dining
7,988 visits/mo
0.3 miles
Demographics for 85202, AZ
39,626
Population
18,077
Households
2.2
Avg Household Size
34
Median Age
34%
College-Educated
91%
High-School Grad
6.2 sq mi
ZIP Area
6,391
Density / Sq Mi
$66,582
Median Household Income
$42,083
Median Earnings
$1,431
Median Rent
$334,200
Median Home Value
Market
Properties on Market for NNN properties in Mesa
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
NNN property - The property combines a corporate Goodwill lease with income from an AT&T cell tower.
Where is this nnn property located?
The property is located at 2023-2115 W Guadalupe Rd Mesa, AZ.
What is the asking price?
The asking price for this property is $5,571,000.
What are key features of this property?
This property features: 32,398‑square‑foot retail property; Goodwill corporate guaranty; five years remain on the primary lease; AT&T cell tower lease has over 23 years remaining and annual rental increases
