1325 Greenfield Rd Mesa, AZ 85205
- Retail space
- 6,600 SF
- 0.99 lot acres
Current Use by Public Records
- Crackers & Co. Café / Brunch Restaurant / Breakfast Restaurant
- Milan Laser Hair Removal / Laser Hair Removal Service
Property Details for 1325 Greenfield Rd
- Year built
- 2005
- Construction
- STEEL FRAME
- Lot size
- 0.99 lot acres
- Property size
- 6,600 SF
- Zone code
- LC
- Property type
- Retail space
- APN
- 141-33-130
- APU
- 14133130
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,285,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,290,000
- 6.5%
- $1,950,000
- 7%
- $2,310,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,215,000
- Geo Method
- $2,535,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,950,000
- Retail
- $2,195,000
- Mixed-Use
- $1,765,000
- Hospitality
- $2,250,000
- Educational
- $1,775,000
- Residential Income
- $2,295,000
- Energy
- $1,785,000
- Income-Based Land
- $1,920,000
- Food Service
- $1,695,000
Location Insight
- Map
- Local Demand
- City
- Mesa
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.736
- Latitude
- 33.4397
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
