1042 Higley Rd Mesa, AZ 85205-5398
Northpoint Center presents a unique investment opportunity in a thriving retail environment. This multi-tenant shopping center is undergoing a significant redevelopment, attracting a diverse range of new and established businesses. The revitalization includes the addition of high-profile tenants such as A Modo Mio Italian Restaurant and Cafe, Speakeasy Suites, Regus Executive Suites, and Goodwill, complementing existing anchors like Basha's Grocery Store (newly remodeled), IHOP, McDonald's, Taco Bell, ACE Hardware, Hallmark, and Knuckle Sandwiches. The center's diverse tenant mix caters to a broad customer base, making it an ideal location for service retail, neighborhood retail, and restaurants. Several retail suites are currently available, fully built-out and ready for immediate occupancy. Additionally, a former bagel restaurant space is available, complete with existing equipment and a pre-existing restaurant buildout, minimizing start-up costs and time. This property offers a compelling blend of established success and exciting new development, presenting a strong return on investment potential for savvy investors seeking a prime retail location. The center's strategic location and diverse tenant mix ensure a consistent flow of customers, making it an attractive proposition for both established businesses and new ventures. This is a chance to be part of a dynamic and growing retail hub.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
LC · Mesa, AZMesa. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.