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    1325 Greenfield Rd Mesa, AZ 85205

    Sponsored
    For Sale
    $2,728,000

    Mesa, AZ Shopping Center - Strong Tenants

    Property size:
    6,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 6,600 square foot shopping center in Mesa, Arizona, presents a compelling investment opportunity. Located at 1325 N Greenfield Rd, within the Mountain View Plaza, this single-story, 2003-built property boasts 100% occupancy with two strong tenants under a triple-net (NNN) lease. The current lease has 11 years remaining, generating a substantial net operating income (NOI) of $170,493 and a 6.25% cap rate. The asking price is $2,728,000, translating to $413.33 per square foot. Situated on a 42,963 square foot lot with excellent visibility and ample parking, the property benefits from a prominent monument sign and high traffic counts due to its location near the northeast corner of N. Greenfield Road and E. Brown Road. One tenant, Cracker's Café, has been a fixture since the building's construction in 2005, and has expanded to other locations. The other tenant, Milan Laser, operates a large network of clinics across the country. The property is zoned LC - Limited Commercial and offers a stable, core investment with long-term potential. This is a rare opportunity to acquire a well-established, high-performing retail center in a prime Mesa location.

    Property Features for 1325 Greenfield Rd

    General Information

    Property type
    Lifestyle centers
    Square Feet
    6,600 SF

    Building Details

    Year Built
    2003
    Buildings
    1
    Stories
    1
    Units
    2

    HighLights

    • 6,600 SF shopping center in Mesa, AZ, located at 1325 N Greenfield Rd.
    • 100% occupied with two strong tenants under a triple‑net (NNN) lease.
    • $170,493 annual NOI and a 6.25% cap rate.
    • Asking price: $2,728,000 ($413.33/SF).
    • Located on a 42,963 SF lot with excellent visibility and ample parking near N. Greenfield Rd and E. Brown Rd.
    Property Profile Location Intelligence

    Current Use by Public Records

    Crackers & Co. Café Brunch Restaurant Milan Laser Hair ... Laser Hair Removal Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.73554541891
    Latitude
    33.439476689923

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    FAQs

    What type of property is this?
    Lifestyle center - Mesa, AZ Shopping Center - Strong Tenants
    Where is this lifestyle center located?
    The property is located at 1325 Greenfield Rd Mesa, AZ.
    What is the asking price?
    The asking price for this property is $2,728,000.
    What are key features of this property?
    This property features: 6,600 SF shopping center in Mesa, AZ, located at 1325 N Greenfield Rd.; 100% occupied with two strong tenants under a triple-net (NNN) lease.; $170,493 annual NOI and a 6.25% cap rate.
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    Mesa, AZ 85205
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1325 Greenfield Rd Mesa, AZ 85205
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