2110 W Southern Ave Mesa, AZ 85202

Listing agency Newmark j***@nmrk.com Show Phone

Listed by Jesse Goldsmith · License #AZ SA586241000

Source Crexi

Added: Apr 10 Updated: Jul 22 at 6:19AM Checked: Jul 22 at 6:19AM

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Investment Insights

Based on property information with market context.

The Shops at Banner Health is a neighborhood retail center that was redeveloped in 2015 and is currently 49% occupied. The property is being offered with a rent guarantee on the remaining vacancies at $16 NNN. The tenant mix includes national users such as Little Caesars, Pita Pit, and Firehouse Subs, with additional recent leasing bringing national tenant occupancy to 43% of the building.

The center is located in the Fiesta District, directly north of a Banner Health hospital. Nearby, Mesa Community College continues to grow year over year and now has total enrollment over 27,000 students.

The asset is positioned for leasing momentum as vacancies remain, including potential retail or medical uses given the Banner Health proximity.

Key Highlights

• Neighborhood retail center in Mesa, Arizona, redeveloped in 2015.
• Currently 49% occupied, with a rent guarantee on remaining vacancies at $16 NNN.
• National tenant mix includes Little Caesars, Pita Pit, and Firehouse Subs.

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FAQs

What type of property is this?

Shopping center - Neighborhood retail center redeveloped in 2015, currently 49% occupied, with a rent guarantee on remaining vacancies.

Where is this shopping center located?

The property is located at 2110 W Southern Ave Mesa, AZ.

What are key features of this property?

This property features: Neighborhood retail center in Mesa, Arizona, redeveloped in 2015.; Currently 49% occupied, with a rent guarantee on remaining vacancies at $16 NNN.; National tenant mix includes Little Caesars, Pita Pit, and Firehouse Subs.