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Property profile & analytics
FOR LEASE
Grocery and convenience stores

2050 E Baseline Rd Mesa, AZ 85204

35,931 SF 4.49 ac lot Built 1985
Entity Owned 4-yr Hold Free & Clear
Property ID
US07-2550746
Property summary
AI-generated overview

Prime retail space available in Mesa Shores, a dual grocery-anchored shopping center located at 2050 E Baseline Rd, Mesa, AZ 85204. This thriving center boasts Sprouts and Trader Joe's as prominent co-tenants, ensuring high foot traffic and a strong customer base. Two spaces remain, offering flexible sizes: one at 1,400 square feet and another at 2,776 square feet, perfect for a variety of retail businesses. The property is strategically situated for optimal accessibility, with convenient access to the US 60 Freeway and downtown Gilbert, providing easy access for both customers and employees. The well-established trade area encompasses over 400,000 people within a 5-mile radius, presenting a significant market opportunity for prospective tenants. This is a rare opportunity to secure a space in a high-performing retail center in a rapidly growing area of Maricopa County, Arizona. The property is classified as commercial retail with multiple tenancies. Don't miss out on this chance to establish your business in a vibrant and successful location.

Property profile
Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1985
Construction CONCRETE
Total area 35,931 SF
Lot 4.49 ac (195,550 SF)
Zoning code LC
APN 140-62-317
UPID US07-2550746
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Johns Portable Toilet Rentals Production Facility Construction Company
  • Trader Joe's (Bike/Boat/Book/etc) Store Wine and Liquor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Hvp V Epic Mesa LLC · 4 yrs held
Hvp V Epic Mesa LLC
since 2022
Last sale
$30.3M
2 recorded transactions
2022
Price N/A
2022
$30.3M
Zoning & alternative use
LC · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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