Building Details

Buildings 1

Tenancy Multi

Listing Agency: Phoenix Commercial Advisors d***@pcaemail.com Show Phone

Listed By: Danny Gardiner · License #SA536326000

Source: Phoenixcommercialadvisors

Added: Apr 1 Changed: Aug 30 Last Checked: Aug 30 at 1:01AM

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Investment Insights

Based on property information with market context.

This newly constructed retail property contains 7,746 SF and is fully leased to three service-oriented tenants. The improvements include a drive-through component, while the leases provide long-term occupancy, rental escalations, and option periods. The property is reported at a 5.90 cap rate and offers an established tenant roster from the outset.

The site is positioned at the signalized intersection of S Signal Butte Rd and Elliot Rd, with nearby traffic drivers including Oregano's, Circle K, and Black Rock Coffee. It is located between Eastmark and Blooming Ranch, near ASU's Polytechnic Campus and the Elliot Technology Corridor. Loop 202, US-60, and SR-24 provide freeway access, and Mesa Gateway Airport is approximately 5 minutes away.

The surrounding area includes nearly 79,000 people within 3 miles, average household income exceeding $154,000, and more than 10,000 planned homes east of the site. ASU's Polytechnic Campus has over 6,000 full-time students, while the Elliot Technology Corridor includes approximately 5,700 employees across 3.6M SF of industrial space as of May 2023.

Key Highlights

• 7,746 SF retail building with a drive‑through component
• 100% leased to three service‑oriented tenants
• 5.90 cap rate with long‑term leases, escalations, and option periods

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Restaurant Building Supply Law Firm Big Box & Wholesale Store Spa & Massage Center

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

100%

Occupancy

Multi-tenant

Tenancy

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

34

Businesses Nearby

6k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 100%

Black Rock Coffee Bar Dining

6,043 visits/mo 0.1 miles

Demographics for 85212, AZ

48,422

Population

16,576

Households

2.9

Avg Household Size

34

Median Age

42%

College-Educated

96%

High-School Grad

38.6 sq mi

ZIP Area

1,254

Density / Sq Mi

$123,404

Median Household Income

$56,974

Median Earnings

$2,024

Median Rent

$530,700

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Retail space - Newly constructed retail property with three service-oriented tenants and a drive-through component at a signalized intersection.

Where is this retail space located?

The property is located at 3528 S Signal Butte Rd Mesa, AZ.

What is the asking price?

The asking price for this property is $6,484,000.

What are key features of this property?

This property features: 7,746 SF retail building with a drive‑through component; 100% leased to three service‑oriented tenants; 5.90 cap rate with long‑term leases, escalations, and option periods